(Bloomberg) -- China’s crackdown on cryptocurrencies could become a “trillion-dollar” mistake, and has already brought a windfall to Bitcoin miners in North America, MicroStrategy Inc. Chief Executive Officer Michael Saylor said.
ADVERTISEMENT
ADVERTISEMENT
MicroStrategy might have paid double or triple for recent Bitcoin acquisitions if not for the China exit, Saylor said Friday on Bloomberg Television.
New regulators under U.S. President Joe Biden are more progressive and enlightened on Bitcoin, he said.
©2021 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
The SMID Show: Blue Star & REC Future Growth Outlook | NDTV Profit
2
US Jobs Post Smallest Gain In Six Months As Unemployment Rises
3
Fading War Risks Push Oil To Biggest Weekly Drop Since February
4
US Stocks Rally As Jobs Put September Fed-Cut in Play: Markets Wrap
5