In the latest post on the X platform, Michael Saylor highlighted Bitcoin's role as a global, affordable, simple, and secure savings account, specifically for the billions of individuals who are unable or unwilling to manage their own hedge fund.

His statement follows BlackRock's move to include major U.S. banks as participants in its spot Bitcoin exchange-traded fund (ETF).

Wall Street's Optimism

BlackRock amended its Bitcoin ETF prospectus by adding prominent Wall Street firms like ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities as new authorized participants. These firms, alongside others, facilitate the creation and redemption of ETF shares through exchanging them for a basket of securities reflecting the ETF's holdings or cash.

The surge in Bitcoin spot ETFs' trading volume in March, hitting over $111 billion, was bolstered by a total net inflow of $213 million on Thursday.

MicroStrategy's Outlook Moving Forward

MicroStrategy, the largest corporate holder of Bitcoin worldwide, observed a substantial decline in its share price, dropping by over 25% this week. Despite MicroStrategy's significant Bitcoin investments, its stock has been outperforming Bitcoin by a substantial margin, surging by 150% compared to Bitcoin's 50% rise before the recent correction.

Being a long-time advocate for Bitcoin, Michael Saylor has maintained a positive stance on the cryptocurrency. Despite the recent volatility, Saylor expressed his unwavering commitment to Bitcoin, planning to continue acquiring the digital asset indefinitely.