Michael Saylor Predicts Bitcoin Boom Following SEC’s Green Light for BlackRock’s Options
22.09.2024 17:00 1 min. read Kosta Gushterov
MicroStrategy CEO Michael Saylor shared his optimistic outlook for Bitcoin following the U.S. Securities and Exchange Commission's (SEC) approval of options on BlackRock's Bitcoin exchange-traded fund.
Saylor stressed that this approval will accelerate the institutional adoption of Bitcoin, highlighting the importance of this move for broader market participation.
The Securities and Exchange Commission (SEC) decision allows BlackRock’s iShares Bitcoin Trust, which will trade under the ticker “IBIT,” to offer Bitcoin-based options on Nasdaq.
This marks an important milestone by creating new opportunities for institutional investors to engage with Bitcoin through a regulated financial product.
The announcement was officially posted on the SEC’s website, signaling a key development in the growing intersection between traditional finance and cryptocurrencies.
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