Michael Saylor thinks FTX failure can accelerate proper crypto regulation. in his view Turbulence will wipe out thousands of useless digital assets. While only major cryptocurrencies and a few other coins will survive.
ingive an interviewwith CNBC recently Michael Saylor, Executive Chairman of MicroStrategy explained that the collapse of FTX was a result of a lack of transparency and that “no one will be held liable.”
“You have to be completely transparent. And that’s what bitcoin is and that’s what. [โทเค็น FTX] FTT is not,” he said.
Saylor believes the ongoing disaster will speed up the necessary regulations. He expects that there will only be digital assets. Only “a handful” can cover regulatory requirements, with bitcoin being one of them:
“Bitcoin will win because Bitcoin is a digital commodity. and the least controversial among all things.”
Saylor predicts that the crypto industry is moving towards an era where leading institutions and “Big Players” Will Be Entering the BTC System Soon
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