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Crypto industry 'destined' to be BTC-focused due to regulators: Michael Saylor

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The crypto industry will become increasingly focused on Bitcoin claims saylor, as US regulators 'don't see a legitimate path forward' for other cryptocurrencies.

In the future, Saylor believes this dominance will increase to 80% as “mega institutional money” will flow into crypto after “confusion and anxiety” over crypto disappears.Anthony Sassano, host of The Daily Gwei recently called out “Bitcoiners” that are pleased to see the SEC file lawsuits against Coinbase and other exchanges that list tokens considered to be unregistered securities by the SEC.

Incredibly embarrassing to see how many Bitcoiners who self-identify as "cypherpunks" are absolutely salivating at the fact that the SEC is going after Coinbase.

 

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saylor .saylor noted Bitcoin’s market share increased from 40% to 48% in 2023, which may be attributed in part to the SECGov’s enforcement activity and the agency labeling 68 cryptocurrencies as securities — none of which are proof-of-work.

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