Bitcoin's Only True Solution! MicroStrategy Founder: FTX is the Industry's Essential Path, Institutional Bitcoin Market is on the Rise

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MicroStrategy Founder: FTX's Failure is an Industry Rite of Passage

MicroStrategy founder Michael Saylor, in an interview with Bloomberg, stated that those who have been involved in the cryptocurrency industry in the past are "immature entrepreneurs" like SBF, unreliable custodians like FTX, incompetent creditors like last year's bankrupt ones, and unscrupulous promoters, and their failures are a necessary part of the industry's journey.

Industry to be Dominated by Bitcoin Ecosystem

This will lead the industry into a more stable and larger-scale ecosystem based on Bitcoin, with participation from major institutions like Block, MicroStrategy, Marathon, as well as publicly traded Bitcoin mining companies, institutional fund managers Fidelity, BlockRock, and compliant banks capable of custodying Bitcoin.

Offshore Exchanges, DeFi to Decline

Michael Saylor, the founder of MicroStrategy, stated that offshore exchanges, stablecoins, other cryptocurrencies, and DeFi protocols will weaken, taking a back seat and moving away from the mainstream market.

Meanwhile, the mainstream digital asset institutional market will evolve based on Bitcoin.