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Michael Saylor, the executive chair of MicroStrategy Inc. MSTR, remains positive about the company’s position in the Bitcoin BTC/USD market despite the potential approval of Bitcoin ETFs in the U.S.
What Happened: Saylor, in a recent interview with Bloomberg, assured that the approval of Bitcoin ETFs would not deter investors from MicroStrategy, which offers a fee-less, leveraged investment vehicle for Bitcoin. The company, which holds Bitcoin worth $6.5 billion, is expected to continue attracting investors due to its unique position in the market.
See Also: Cathie Wood Sheds Coinbase Shares, Bitcoin Faces Downturn, And Shiba Inu Sees Supply Shrinkage: Top Crypto Updates This Week
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