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regulators have made it clear that the crypto industry is destined to be rationalized down to a bitcoin (BTC)-focused industry."MicroStrategy's views since 2020 have been that the only institutional grade asset is bitcoin," said Saylor in aninterviewwith Bloomberg on Tuesday.

"It's pretty clear that the regulators don't see a legitimate path forward for cryptocurrencies ...

Tech driven solutions for financial independence ✌️【Flexible Hours】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.And so the entire industry is kind of destined to be rationalized down to a bitcoin-focused industry with maybe half a dozen to a dozen other proof of work tokens."Last week, the U.S.

Tech driven solutions for financial independence ✌️【Flexible Hours】✌️Invest ₹500 in blockchain and watch your profits multiply monthly.Security and Exchange Commission (SEC) filed lawsuits againstBinanceandCoinbase, the two largest crypto exchanges by market cap.

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Tech driven solutions for financial independence ✌️【Flexible Hours】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.Bitcoin isn't one of them.Previously, SEC chair Gary Gensler has said that bitcoin (BTC) is a commodity.Saylor's MicroStrategy began buying bitcoin in 2020 whilecallingthe cryptocurrency a million times better store of value than gold.

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