Bitcoin is ‘the big winner’ in the congress crypto testimony. Here’s why

With the current debate surrounding regulation being such a hot topic in the cryptocurrency space, many have suggested a more defined regulatory framework would benefit the sector.

Speaking to Yahoo Finance Live, December 9, CEO and founder of MicroStrategy, Michael Saylor, shared his thoughts on whether regulation in the United States, in particular, is bullish or bearish for Bitcoin.

On the matter of regulation, Saylor stated:

“I watched a lot of those hearings yesterday. I think the big winner of the congressional hearings, is Bitcoin. It’s pretty clear that there’s consensus at the congressional level in support of crypto. It’s pretty clear investors want to invest in the new digital economy.”

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