PANews reported on October 29th that Michael Saylor, co-founder of MicroStrategy, revealed in a recent interview that Bitcoin has been clearly positioned as digital gold, a store of value. He mentioned that since the US government approved a Bitcoin ETF last year, a consensus on Bitcoin as digital gold has gradually formed in the market, and the crypto summit in March of this year further solidified this view. He also pointed out that gold-backed credit once dominated the Western monetary system, and as digital capital, Bitcoin's superstructure of digital credit instruments is also developing rapidly. Furthermore, he mentioned the rapid growth of the digital finance sector over the past year, including the tokenization of currencies, stocks, bonds, and other real-world assets, which has provided a significant boost to proof-of-stake networks like Ethereum. He emphasized that institutional acceptance of Bitcoin is a key factor in the industry's future development. Recently, several large banks, including JPMorgan Chase, Citigroup, and Wells Fargo, have adjusted their crypto policies, beginning to accept Bitcoin and Ethereum as collateral, marking a significant shift in the attitude of traditional financial institutions towards crypto assets. Saylor also mentioned that MicroStrategy is the first Bitcoin vault company to receive an S&P credit rating, and its products have attracted institutional investors, including BlackRock's PFF fund. Furthermore, he predicted that Bitcoin prices will continue to rise in the future and stated that the company's goal is to promote wider adoption of Bitcoin through digital lending instruments, ultimately aiming to purchase $300 billion worth of Bitcoin.PANews reported on October 29th that Michael Saylor, co-founder of MicroStrategy, revealed in a recent interview that Bitcoin has been clearly positioned as digital gold, a store of value. He mentioned that since the US government approved a Bitcoin ETF last year, a consensus on Bitcoin as digital gold has gradually formed in the market, and the crypto summit in March of this year further solidified this view. He also pointed out that gold-backed credit once dominated the Western monetary system, and as digital capital, Bitcoin's superstructure of digital credit instruments is also developing rapidly. Furthermore, he mentioned the rapid growth of the digital finance sector over the past year, including the tokenization of currencies, stocks, bonds, and other real-world assets, which has provided a significant boost to proof-of-stake networks like Ethereum. He emphasized that institutional acceptance of Bitcoin is a key factor in the industry's future development. Recently, several large banks, including JPMorgan Chase, Citigroup, and Wells Fargo, have adjusted their crypto policies, beginning to accept Bitcoin and Ethereum as collateral, marking a significant shift in the attitude of traditional financial institutions towards crypto assets. Saylor also mentioned that MicroStrategy is the first Bitcoin vault company to receive an S&P credit rating, and its products have attracted institutional investors, including BlackRock's PFF fund. Furthermore, he predicted that Bitcoin prices will continue to rise in the future and stated that the company's goal is to promote wider adoption of Bitcoin through digital lending instruments, ultimately aiming to purchase $300 billion worth of Bitcoin.
Michael Saylor: Bitcoin has been clearly positioned as digital gold, and its price will continue to rise in the future.
For feedback or concerns regarding this content, please contact us at [email protected]
PANews reported on October 29th that Michael Saylor, co-founder of MicroStrategy, revealed in a recent interview that Bitcoin has been clearly positioned as digital gold, a store of value. He mentioned that since the US government approved a Bitcoin ETF last year, a consensus on Bitcoin as digital gold has gradually formed in the market, and the crypto summit in March of this year further solidified this view. He also pointed out that gold-backed credit once dominated the Western monetary system, and as digital capital, Bitcoin's superstructure of digital credit instruments is also developing rapidly.
Furthermore, he mentioned the rapid growth of the digital finance sector over the past year, including the tokenization of currencies, stocks, bonds, and other real-world assets, which has provided a significant boost to proof-of-stake networks like Ethereum. He emphasized that institutional acceptance of Bitcoin is a key factor in the industry's future development. Recently, several large banks, including JPMorgan Chase, Citigroup, and Wells Fargo, have adjusted their crypto policies, beginning to accept Bitcoin and Ethereum as collateral, marking a significant shift in the attitude of traditional financial institutions towards crypto assets.
Saylor also mentioned that MicroStrategy is the first Bitcoin vault company to receive an S&P credit rating, and its products have attracted institutional investors, including BlackRock's PFF fund. Furthermore, he predicted that Bitcoin prices will continue to rise in the future and stated that the company's goal is to promote wider adoption of Bitcoin through digital lending instruments, ultimately aiming to purchase $300 billion worth of Bitcoin.
Market Opportunity
RISE Price(RISE)
$0.003149
$0.003149$0.003149
USD
RISE (RISE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Securing the Future of Automated Crypto Trading with New Advancements
The post Securing the Future of Automated Crypto Trading with New Advancements appeared on BitcoinEthereumNews.com. In a groundbreaking leap forward, MoonPay has
Share
BitcoinEthereumNews2026/03/14 10:16
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36
Adam Wainwright Takes The Mound Again Honor Darryl Kile
The post Adam Wainwright Takes The Mound Again Honor Darryl Kile appeared on BitcoinEthereumNews.com. Adam Wainwright of the St. Louis Cardinals in the dugout during the second inning against the Miami Marlins at Busch Stadium on July 18, 2023 in St. Louis, Missouri. (Photo by Brandon Sloter/Image Of Sport/Getty Images) Getty Images St. Louis Cardinals lifer Adam Wainwright is a pretty easygoing guy, and not unlikely to talk with you about baseball traditions and barbecue, or even share a joke. That personality came out last week during our Zoom call when I mentioned for the first time that I’m a Chicago Cubs fan. He responded to the mention of my fandom, “So far, I don’t think this interview is going very well.” Yet, Wainwright will return to Busch Stadium on September 19 on a more serious note, this time to honor another former Cardinal and friend, the late Darryl Kile. Wainwright will take the mound not as a starting pitcher, but to throw out the game’s ceremonial first pitch. Joining him on the mound will be Kile’s daughter, Sierra, as the two help launch a new program called Playing with Heart. “Darryl’s passing was a reminder that heart disease doesn’t discriminate, even against elite athletes in peak physical shape,” Wainwright said. “This program is about helping people recognize the risks, take action, and hopefully save lives.” Wainwright, who played for the St. Louis Cardinals as a starting pitcher from 2005 to 2023, aims to merge the essence of baseball tradition with a crucial message about heart health. Kile, a beloved pitcher for the Cardinals, tragically passed away in 2002 at the age of 33 as a result of early-onset heart disease. His sudden death shook the baseball world and left a lasting impact on teammates, fans, and especially his family. Now, more than two decades later, Sierra Kile is stepping forward with Wainwright to…
Share
BitcoinEthereumNews2025/09/18 02:08