"Investors have been tired for a long time waiting for the price of BTC to rise."
The Chief Executive Officer (CEO) of MicroStrategy, Michael Saylor really believes that the aggressive action imposed by the Securities and Exchange Commission (SEC) of the United States (US) on the crypto market is capable of pushing the price of Bitcoin (BTC) higher.
After US citizens predicted that crypto exchanges would delist altcoins after most could be considered securities, Saylor said that BTC's dominance over other digital assets would jump by 80%.
While in a recent interview, he also expected investors to be more interested in investing in BTC if the regulator continues its crackdown on the crypto market.
This is because the SEC, which defines most digital assets as securities, will cause BTC and other cryptos to be the only ones with commodity status, which can then become more attractive to investors.
In addition to labeling BTC better than gold in June of last year, Saylor, who is very optimistic and always shares his views, has predicted that the price of BTC will pass $250,000 and then climb tenfold if the SEC continues to do so.
For the record, BTC's dominance over alternative coins has gradually increased in the past few months, where the digital asset reached 47.6%, which is the figure last seen in spring 2021.
However, BTC price is currently down 3.57% at $25,083 in the last 24 hours with a market cap of $486 billion and has slipped 5.10% over the past week.
