Michael Saylor: Bitcoin Entering 'Spring' Warming Phase, Market Set for Rebound

BlockBeats News, May 22nd, Strategy founder Michael Saylor stated in an interview with CNBC that Bitcoin had previously retraced from a peak of around $125,000 to around $60,000 and found support, and is now entering a "spring" warming phase. He mentioned that the current level has strong support and he expects the market to rebound from this point.

He also pointed out that as the digital lending market develops, the additional Bitcoin supply from miners is being fully absorbed by the market. He said, "Our company might buy all the bitcoins mined by miners from now until 2140."

Furthermore, Saylor stated that the US "CLARITY Act" and the SEC's "innovation exemption" policy for security tokenization could both be significant positive developments for the digital asset market.