{"id":73622,"date":"2023-02-06T10:36:26","date_gmt":"2023-02-06T08:36:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73622"},"modified":"2025-09-09T15:13:34","modified_gmt":"2025-09-09T12:13:34","slug":"michael-saylor-says-regulation-is-necessary-for-crypto-industry-growth","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/michael-saylor-says-regulation-is-necessary-for-crypto-industry-growth\/","title":{"rendered":"Michael Saylor says regulation is necessary for crypto industry growth"},"content":{"rendered":"<p>Former head of MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor<\/a> told CNBC in an interview that tighter regulation of the digital assets industry is a necessary element of its growth.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today\u2019s interview with <a href=\"https:\/\/twitter.com\/MorganLBrennan?ref_src=twsrc%5Etfw\">@MorganLBrennan<\/a> covered the success of <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a>, global adoption of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Lightning?src=hash&#038;ref_src=twsrc%5Etfw\">#Lightning<\/a>\u26a1\ufe0f, the evolution of the crypto industry, and the digital transformation of money. <a href=\"https:\/\/t.co\/bEnLOVbpiJ\">pic.twitter.com\/bEnLOVbpiJ<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1621548108269191168?ref_src=twsrc%5Etfw\">February 3, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere needs to be adult supervision. The involvement of Goldman Sachs, Morgan Stanley, BlackRock in the industry. It needs clear guidance from Congress and rules from the U.S. Securities and Exchange Commission,\u201d he explained.<\/p>\n<\/blockquote>\n<p>According to Saylor, bankruptcies of large crypto projects and companies are &#8216;painful&#8217; for investors in the short term, but beneficial for the industry\u2019s development in the long term.<\/p>\n<p>The former MicroStrategy CEO also responded to <a href=\"https:\/\/u1f987.com\/en\/news\/charles-munger-proposes-banning-cryptocurrencies-in-the-united-states\">the criticism of Bitcoin<\/a> from Berkshire Hathaway vice chairman Charlie Munger. He said on February 1 that the United States should follow China\u2019s example and ban cryptocurrencies.<\/p>\n<p>Saylor stressed that if Munger had spent 100 hours studying Bitcoin, he would be more optimistic about the asset than he himself. In the founder&#8217;s view, Western elites have not had time to acquaint themselves with digital gold.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI have never met anyone who has spent time studying Bitcoin and not been impressed by it,\u201d he added.<\/p>\n<\/blockquote>\n<p>Recall that after <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">the collapse of FTX<\/a> in November 2022, Saylor <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-reaffirms-microstrategys-plan-to-continue-buying-bitcoin\">reaffirmed MicroStrategy&#8217;s<\/a> plan to continue buying Bitcoin.<\/p>\n<p>Later he <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-accuses-sam-bankman-fried-of-shitcoinery\">criticized<\/a> the founder of the bankrupt Bitcoin exchange Sam Bankman-Fried for issuing unregistered securities, which helped him earn billions from &#8220;printed out of thin air&#8221; tokens.<\/p>\n<p>In February 2023, MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-reports-quarterly-loss-of-249-7-million\">reported<\/a> a net loss of $249.7 million in the fourth quarter of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former MicroStrategy head Michael Saylor told CNBC in an interview that tighter regulation of the digital assets industry is a necessary element of its growth.<\/p>\n","protected":false},"author":1,"featured_media":73623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1208,1138,36],"class_list":["post-73622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-michael-saylor","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73622"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73622\/revisions"}],"predecessor-version":[{"id":73624,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73622\/revisions\/73624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73623"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}