There Is a Second Best: Bitcoin Bull Michael Saylor Softens on Ethereum

Date:

June 3, 2024

For years, MicroStrategy founder Michael Saylor refrained from acknowledging the existence of such a thing as the “crypto industry.” To him, there was Bitcoin—an asset he likened to the gold of our time—and then thousands of cheap imitators hardly worth mentioning.

“There is no second best,” the entrepreneur—who may personally own more than one billion dollars worth of BTC—was known to say.

That is, at least, until now.

It appears that the shocking, eleventh-hour approval of spot Ethereum ETFs two weeks ago has caused the Bitcoin maximalist to shift his stance on crypto—or at the very least, to adjust his political calculus.

“Bitcoin was going to be the only asset securitized and offered as a spot ETF by the Wall Street…

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There Is a Second Best: Bitcoin Bull Michael Saylor Softens on Ethereum

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