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Fortune

Marco Quiroz-Gutierrez

MicroStrategy founder Michael Saylor says Bitcoin could grow to 80% of crypto market after SEC suits against Binance and Coinbase

Michael Saylor Coinbase Bitcoin MicroStrategy Binance SEC Crypto

(Credit: Jason Koerner—Getty Images for Bitcoin Magazine)

MicroStrategy founder and executive chairman Michael Saylor believes the crypto industry will consolidate around Bitcoin following the Securities and Exchange Commission's lawsuits against Binance and Coinbase.

In an interview with Bloomberg TV, Saylor said regulators "don't have any love for crypto tokens" and have taken a narrow perspective on what a crypto exchange should be.

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