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Will Regulation be Beneficial For BTC?

Michael Saylor, MicroStrategy CEO supports the idea of straightforward Bitcoin regulation

Michael Saylor, MicroStrategy CEO supports the idea of straightforward Bitcoin regulation. More so, he sees BTC regulation as a green flag for additional institutional inflows.

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Saylor has been recently interviewed regarding the Bitcoin regulation topic and asked the following questions: does he have anxiety about holding Bitcoin, which can be used to trick censors, avoid capital controls, and evade tax paying.

Saylor replied to these questions by saying that companies should choose various assets that would bring value to shareholders. He also emphasized that currently Bitcoin is the highest quality investment people and institutions can pursue:

“Our choices, if we wish to avoid insolvency, is if you buy gold, you buy a portfolio of stocks, perhaps you go and buy a bunch of timberland, or oil contracts or some kind of commodity. Companies have to become asset rich if they’re going to prosper and maintain shareholder value. So Bitcoin is the highest quality property that they can buy,” Saylor said.                                                                                                              

In addition, to answer the question, Saylor said that AML and KYC regulations are ready to meet even the strictest regulators’ requests. Thus, institutions would have more confidence to invest in Bitcoin. This, he thinks, will trigger larger inflows.

“The regulatory environment is already pretty clear on this, I mean AML KYC regulations have been applied across all of these exchanges. I think that there’s a little more parity and precision that will be delivered in the coming one to two years. I think that’s going to be the greenlight for institutions to invest 10x,100x more into Bitcoin. So I think it’ll be good for the industry in general,” Saylor said.

Regulators Should Stick to Clear Guidelines

Regulators are always there to protect investors. However, over-regulation of crypto may influence a growing market that’s still looking for support.

Although Saylor doesn’t worry about regulation, Ripple CEO Brad Garlinghouse believes there is more going on behind the scenes.

Garlinghouse explained that the actions of the SEC try to block cryptocurrency innovation. 

“The SEC is doing the opposite of “fostering innovation” here in the US. It’s not just XRP they’re attacking here.”

This is why Garlinghouse may have a point.

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