BTC Spot ETF Approval Confirms Bitcoin Could Hit $10 Trillion Market Cap

Michael Saylor, CEO of MicroStrategy (Nasdaq ticker: MSTR), said in a podcast that “the approval of the Bitcoin Spot ETF confirms that Bitcoin can reach a $10 trillion market capitalization,” according to The Block. “In January, the Bitcoin Spot ETF was approved. It is one of the most important events in the Bitcoin epic. It confirmed that Bitcoin is an asset class that can achieve a market capitalization of at least $10 trillion, not just a few hundred billion.” Meanwhile, Saylor added, “Cryptocurrencies are becoming increasingly political. A pro-crypto candidate could win the upcoming US presidential election.”