MicroStrategy CEO: Clear Crypto Regulation Will Accelerate Institutional Bitcoin Adoption

On February 3, Michael Saylor, CEO of MicroStrategy, said that stricter government crypto regulation will actually be a positive catalyst for Bitcoin: “Further clear regulation by the (Biden) administration will benefit Bitcoin and accelerate institutional adoption of crypto. Adoption of this asset.” MicroStrategy CFO Phong Le said on Tuesday’s earnings call that the firm held 125,051 bitcoins as of Jan. 31.