“We Want Out,” Bitcoin Is Trapped with Other Cryptos, Says Michael Saylor

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With progressive regulation, people won’t see 20,000 tokens as we do now, he said. Instead, there will be a handful of tokens, and they’ll be properly registered.

“We’re moving from the entrepreneurial stage … to an institutional digital-asset stage where big players … are going to enter this space, and we’re all just going to grow up, and the world is going to benefit from that,” said Saylor.

“It teaches you that if you’re going to have a crypto asset, it needs to be nobody else’s liability. You need to have full transparency to it. And that’s what bitcoin is and what’s what [the FTX token] FTT was not.”