Michael Saylor

Regulation will shrink the crypto industry to bitcoin plus only six to twelve other proof-of-work tokens, with other tokens squeezed out (bitcoin dominance near 80%).

“So, the entire industry is kind of destined to be rationalized down to a Bitcoin-focussed industry with half a dozen to a dozen other proof-of-work tokens.”

Said on

13 June 2023 · Bloomberg TV interview, June 13, 2023, after SEC suits against Binance and Coinbase; no window stated, long-run claim so window inferred ~10 years (to mid-2033)

Source

Michael Saylor says Bitcoin dominance is headed for 80% in the long term · CryptoSlate

Should come true

No date given

How sure they sounded

destined to be

Categories

Crypto

Importance

2 of 5 · Would reshape the crypto industry's market structure.

Outcome

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