Ethereum

2024

Bitcoin

Michael Saylor, an outspoken Bitcoin maximalist and MicroStrategy co-founder has expressed hope over newly approved Ethereum exchange-traded funds (ETFs). During his appearance on the “What Bitcoin Did” podcast, Saylor predicted that these ETFs would lead to a mainstream institutional adoption of cryptocurrencies. 
Saylor, who is a well-known proponent of Bitcoin states that Ethereum ETF’s may make investors allocate more funds in their portfolios towards digital currencies with this percentage potentially growing from 1% at present levels to between 5-10%. However, he still holds that Bitcoin will be the primary determinant with about 70% of these allocations being under its control since it is the leader among crypto asset classes. 
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 .<a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@saylor</a> on the Ethereum ETF approval and what the recent crypto regulatory changes mean for Bitcoin <a href="https://t.co/jOmM4rRJud" target="_blank">pic.twitter.com/jOmM4rRJud</a>— Beagle (@BeagleBitcoin) <a href="https://twitter.com/BeagleBitcoin/status/1794443617399885986?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 25, 2024</a>
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“In fact, it might be better for Bitcoin because we are politically much more powerful…supported by the entire cryptocurrency industry,” Saylor surprisingly admitted about Ethereum’s potential advantages. By seeing Ethereum as having a large number of users and political power behind it, Saylor was able to emphasize one possible advantage of Bitcoin. 
However, this is a significant shift in his position following this unexpected endorsement from him about Ethereum as an investment. 
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 Also Read: <a href="https://www.cryptotimes.io/2024/05/26/trump-biden-court-crypto-voters-ahead-of-2024-election/">Trump, Biden Court Crypto Voters Ahead of 2024 Election</a> 
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Micheal Saylor Embraces Ethereum ETFs

The Crypto Times

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