Michael Saylor: Spot Bitcoin ETF is Wall Street’s biggest development in the past 30 years

MicroStrategy's CEO, Michael Saylor, stated in an interview with Bloomberg that the market should not underestimate the importance of the upcoming launch of a Bitcoin ETF, which could be the biggest development on Wall Street in 30 years. Saylor stated that the most recent similar product was the Standard Poor's 500 ETF, which allowed investors to easily invest in the widely followed index.

Saylor believes that a Bitcoin ETF tool will bring a demand shock to Bitcoin, followed quickly by a supply shock in the form of the halving event in April.