“A year ago, when Yellen was appointed Treasury Secretary, her first comments about Bitcoin were ‘money laundering’ and ‘environmentally damaging’.
“People were saying someone will ban bitcoin, that it is too good to be true.
There is a lot of stuff to work through, but regardless of how fast that happens and how sharp that occurs, I don’t think there is any outcome other than favorable for Bitcoin,” Saylor explained.
If at least 2.5% of global institutional assets are allocated to Bitcoin in eight years, the price per token will go to $1 million, Wood forecasted.
“A few years ago in China, it was blockchain technology all the way, and then they banned everything in favor of their own CBDC.
” underscored to every mainstream objective observer the use case for a global non-sovereign store of value like Bitcoin,” he said.