MicroStrategy Chairman Michael Saylor said the Bitcoin ETF approvals in January were not only important but cemented Bitcoin’s size as an asset class.

“The single most important thing that happened in this epic was the approval of the spot Bitcoin ETFs,” said Saylor on the What Bitcoin Did podcast. “That was the crossing of the chasm which said that Bitcoin is not a multi-one hundred billion dollar asset class, bitcoin is a ten to 100 trillion dollar asset class.”

While Saylor expressed his support of the approvals, he criticized the U.S. Securities and Exchange Commission for its approach to crypto more broadly. 

“In the meantime the SEC has basically been very obstructionist and at war with the entire crypto industry, suing all of the crypto exchanges, suing all of the …