TechFlow reports that Michael Saylor, founder and executive chairman of MicroStrategy, said recent enforcement actions by U.S. regulators clearly indicate the crypto industry is destined to be rationalized into a Bitcoin (BTC)-focused industry. The U.S. Securities and Exchange Commission (SEC) filed lawsuits against the two largest cryptocurrency exchanges by market capitalization, Binance and Coinbase, mentioning a total of 19 tokens in the documents—Bitcoin was not among them. Saylor believes the public now understands that Bitcoin is the next Bitcoin, and the logical next step is for Bitcoin's value to increase tenfold to $250,000. He is confident that cryptocurrency exchanges will realize Bitcoin is indeed the dominant asset in this space.
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