Michael Saylor, the founder of MicroStrategy, has predicted that BlackRock's spot Bitcoin ETF, known as $IBIT, will become the largest ETF in the world within the next decade. Saylor's forecast is based on the growing institutional adoption of Bitcoin and its monetary properties. He also mentioned that BlackRock's ETF could buy over $600 billion in Bitcoin. Currently, $IBIT has an asset under management (AUM) of $48 billion, significantly less than the Vanguard S&P 500 ETF ($VOO), which holds $573 billion in AUM. Despite this, Saylor remains confident in the potential growth of BlackRock's Bitcoin ETF. Additionally, he suggested that a tripling of Bitcoin's value could lead MicroStrategy to have the largest cash pile of any company. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
