MicroStrategy founder Michael Saylor, known for his strong support for Bitcoin, did not hold as positive views about Ethereum (ETH) as he did about BTC. However, Saylor admitted in a recent interview that he was wrong about ETH. A Bitcoin bull, Saylor has previously argued that Ethereum is an unregistered security and expressed his belief that a spot ETH ETF will never be approved.
In a recent interview with the Altcoin Daily YouTube channel, Saylor acknowledged his change of perspective regarding Ethereum. He stated that his views changed in the second quarter of 2024, with the turning point occurring when former President Donald Trump began to support the crypto community.
There Are Two Scenarios for Bitcoin, Ethereum and Cryptocurrencies!
Saylor predicted two possible futures for cryptocurrencies. In the first scenario, he suggested that Bitcoin could remain the only digital asset recognized as a commodity, while Ethereum and other cryptocurrencies might continue to exist in a gray area with unclear regulations.
In the second scenario, which seems more likely, Saylor posited that the “war on crypto” will come to an end, leading to a clear definition of cryptocurrencies and a more transparent regulatory environment for the sector.
At this point, Saylor expressed optimism about the future of Bitcoin and Ethereum, stating: “Bitcoin is already poised for significant growth and explosion. As for Ethereum and other cryptocurrencies, they will likely experience a new era with the emergence of a clear regulatory structure, which has been described as a crypto renaissance.”
*This is not investment advice.