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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/peter-brandt-discusses-crypto-market-dynamics/" data-wpel-link="internal">Peter Brandt Discusses Crypto Market Dynamics</a> 
One of the well-known figures on the internet, famous trader Peter Brandt, made significant statements. He drew attention to the ongoing struggle between Bitcoin and other cryptocurrencies, stating that he shares the same opinion on dominance as MicroStrategy founder and Chairman Michael Saylor. 
<h2 style="text-align: justify" id="bitcoin-gains-support">Bitcoin Gains Support</h2> 
In his statement, Brandt humorously asked his followers whether they had invested their futures in Ethereum (ETH), Solana (SOL), and meme coins, declaring: 
<blockquote> 
 This is a one-horse race. 
</blockquote> 
He also highlighted a past video where Michael Saylor called for Bitcoin’s supremacy. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-347869" src="https://coin-turk.com/wp-content/uploads/2024/05/peter-brandt-coin-turk-com.png" alt="" width="441" height="289"> 
In a video from the MicroStrategy World 2024 conference, Saylor stated that Bitcoin is the king of the sector. He also described Bitcoin as the only asset standing alone in gaining full corporate acceptance. 
MicroStrategy CEO Saylor, on the other hand, described BTC as the “only universal” cryptocurrency for corporate-level <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investments</a>, adding: 
<blockquote> 
 There will not be another one. 
</blockquote> 
It is not surprising that Bitcoin’s major supporter made such a statement. However, Saylor also did not hesitate to comment on Ethereum, which uses the Proof-of-Stake (PoS) consensus mechanism after the Merge. 
<h2 style="text-align: justify" id="michael-saylor-ethereum-and-other-altcoins">Michael Saylor, Ethereum, and Other Altcoins</h2> 
Recently, in a campaign concerning ETH, Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), paralleled Saylor’s remarks that Bitcoin’s biggest follower is not a commodity but a security. 
Accordingly, he stated that it is unlikely for the SEC to approve spot Ethereum ETF applications made by top <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investment</a> fund management companies in the US. 
The SEC needs to make a decision soon. It is important not to forget that the deadline for the VanEck spot Ethereum ETF application is May 23. 
Saylor also expanded his statement to include major <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> altcoins such as Binance Coin (BNB), Solana (SOL), XRP, and Cardano (<a href="https://en.coin-turk.com/cardano-price-drops-significantly-as-market-retreats/" data-wpel-link="internal">ADA</a>). 
<blockquote> 
 None of these will be included in a spot ETF, none will be accepted on Wall Street… 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/peter-brandt-discusses-crypto-market-dynamics/" data-wpel-link="internal">Peter Brandt Discusses Crypto Market Dynamics</a></h5>

Peter Brandt Discusses Crypto Market Dynamics

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