Microstrategy CEO on Mainstream Bitcoin Adoption: ‘I See Evidence of a Lot More Institutional Adoption’
The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed the future outlook for bitcoin during the company’s Q1 earnings call Wednesday. “With regard to the outlook for bitcoin, I think that in the past 12 months, the asset class has evolved and matured,” Microstrategy CEO Michael Saylor explained, elaborating: I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds. “We’ve made great progress with corporations,” he continued. “There will be 24 publicly traded bitcoin miners by the end of the quarter, so lots of publicly traded companies in the Bitcoin space.” Saylor also predi