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Michael Saylor says the impact of Trump's victory includes an end to the war on cryptocurrencies, a digital asset framework, accelerated institutional adoption, a favorable tax code, and a strategic bitcoin reserve. Upcoming Bitcoin institutional adoption milestones include the repeal of SAB 121 to allow Bitcoin banking, physical creation and redemption of Bitcoin ETFs, options on Bitcoin ETFs, solicitation of sales approvals by banks and acceptance of Bitcoin as collateral. The industry needs a digital asset framework to grow and prosper.
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Over the past few days, both U.S. stocks and crypto markets have been blindsided by MSTR, which not only led the way in Bitcoin's latest wave, but has also maintained a growing premium to Bitcoin for some time since then, with its price surging from $120 a week or two ago to $247 currently.
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