Michael Saylor, MicroStrategy’s founder and a leading Bitcoin advocate, predicts a major demand shock for Bitcoin with the potential approval of a spot ETF by the U.S. Securities and Exchange Commission (SEC) in January 2024. Speaking to Bloomberg, Saylor likened this event to the most significant development on Wall Street in 30 years, akin to the introduction of S&P 500 index funds. He forecasts a Bitcoin bull run, bolstered by this approval and the upcoming Bitcoin Halving in 2024, which could further increase Bitcoin’s value due to reduced supply.