June 30 (Cointime) - Michael Saylor, Executive Chairman of MicroStrategy, has expressed his belief that a Bitcoin ETF would be a significant development for the industry, providing clarity to institutional investors and legitimizing Bitcoin as an asset.

However, he does not believe that it would result in overnight price gains of $5 million. Saylor also discussed MicroStrategy's bitcoin strategy, which has resulted in the company holding over $4.6 billion worth of bitcoin.

He views bitcoin as an instrument of economic empowerment and believes that maximalism is about giving property rights to 8 billion people. Additionally, Saylor sees Bitcoin as having gained mainstream acceptance as an asset class due to endorsements from regulators, Congress, legislators, and even presidential candidates.