In the wake of the FTX crisis, Michael Saylor, Executive Chairman of MicroStrategy and staunch supporter of the mother of all cryptocurrencies, Bitcoin (BTC) is confident that the digital asset can have a positive impact on the market.
This follows because the incident is said to be able to eliminate thousands of digital assets that are not useful and only potential and useful cryptos will remain.
According to Saylor, the implementation of stricter regulations in the crypto market could be accelerated if the FTX incident continues.
It is understood that the collapse of FTX is due to the company's lack of transparency and is also filled with a number of unsolved forest burdens.
Through his prediction, BTC will increase its development as well as its price immediately after leading companies and big players flock to enter the BTC ecosystem in the near future.
Although the bearish market has continued until now, Saylor's perception of BTC has not changed in expecting the price of the digital asset to make a drastic ascent in the next few years.
In addition, he stated that BTC is a more potential financial instrument than gold and predicted that it would be able to penetrate the $1,000,0000 price zone.
Meanwhile, Saylor boldly mentioned in September that BTC would surpass the $500,000 mark if it matched the yellow metal's market cap.
BTC ardent supporters also think the digital asset will break new highs in the next four years.
