Benzinga - Dogecoin (CRYPTO: DOGE) co-creator Billy Markus on Wednesday proposed the idea of building a colossal Bitcoin (CRYPTO: BTC) temple if the price of BTC were to reach one million dollars per coin.
What Happened: The notion was expressed during a discussion with Michael Saylor, CEO of MicroStrategy, who had shared a CNBC video covering the potential approval of a Bitcoin spot exchange-traded fund (ETF).
Saylor said, "the approval of a Spot BTC ETF will mark a crucial inflection point in the history of Bitcoin adoption."
In a post on X (formerly Twitter), Markus responded to Saylor's post, "If bitcoin goes to a million dollars each, can you build a giant bitcoin temple where we can pray to Satoshi."
The approval of a Spot $BTC ETF will mark a crucial inflection point in the history of #Bitcoin adoption. pic.twitter.com/fedXQgL6jq— Michael Saylor⚡️ (@saylor) August 30, 2023
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Why It Matters: The prospect of a Bitcoin spot ETF in the United States is becoming increasingly likely, according to analysts.
A federal court order has directed the Securities and Exchange Commission (SEC) to reconsider its rejection of Grayscale Investments’ application for a Bitcoin spot ETF. Grayscale, the entity behind the popular crypto fund, initially sought to convert its GBTC closed-end fund into an ETF back in October 2021.
Satoshi Nakamoto is the pseudonymous creator of Bitcoin. Despite many speculations, the true identity of Nakamoto remains unknown. Nakamoto’s 2008 whitepaper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” laid the foundation for the decentralized digital currency revolution and sparked the emergence of blockchain technology.
Photo by Oier Aso on Shutterstock
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