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.”
I think from a rhetorical point of view, we can analyze his statement where this phenomenon occurs because of the loss of faith in alternative tokens then encourages users to switch their investment to Bitcoin and he also gives a strong statement that Bitcoin reigns as the undisputed king among all assets other cryptos. meaning, Bitcoin is emerging as a more reliable and resilient option for investors looking for long-term stability and value.