Michael Saylor, the former CEO of MicroStrategy stated that the recent clampdown on crypto from a regulatory point of view is good for bitcoin. He believes that it will help Bitcoin become stronger, as it should be. “Crypto crackdown is really good for Bitcoin.”
He is a Bitcoin maximalist and his vision is similar to other Bitcoin maximalists.
I disagree with Bitcoin maximalists that the Cryptocurrency ecosystem should only have Bitcoin, altcoins are all garbage and should die or be killed. I believe that Bitcoin needs altcoins and altcoins need Bitcoin to have a good cryptocurrency ecosystem. It is similar to politics, we always needs at least two parties in one nation to have healthy politics. If there is only one party, it will cause a dictatorship.
I know when things are bad in altcoins, people will switch their capital to Bitcoin as it is very true that Bitcoin is the only decentralized cryptocurrency and it is hardest to be regulated by governments.