Microstrategy Co-Founder Says Crypto Needs “Adult Supervision” and Chaos to “Grow”
According to Michael Saylor, co-founder of Microstrategy, bankruptcies of famous crypto companies and steep price drops are needed to help the sector grow, while more regulation is required.
MicroStrategy Increases Bitcoin Shares Despite Heavy Loss
3 interview on CNBC’s Squawk on the Street, Saylor weighed in on possible future crypto regulation in the United States following the FTX bankruptcy, saying:
“The short-term collapse of cryptocurrencies is painful but it is necessary in the long-term for the industry to grow.”
Coinbase (NASDAQ:COIN) Up 69% and MicroStrategy Up 74% From Lows
He added that the industry “has some good ideas” – regarding the Bitcoin Lightning Network (BTC) – but added that some people in the space “have done those good ideas irresponsibly.” “.