MicroStrategy founder Michael Saylor, known for his strong support for Bitcoin, did not have as positive thoughts about Ethereum (ETH) as he did about BTC.
However, Saylor admitted in a recent interview that he was wrong about ETH. Saylor, a Bitcoin bull, has previously argued that Ethereum is an unregistered security and said he believes a spot ETH ETF will never be approved.
However, in a recent interview with the Altcoin Daily YouTube channel, Saylor admitted that he was wrong about Ethereum.
Saylor stated that his views on Ethereum changed in the second quarter of 2024, and that the turning point came 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, predicting that in the first scenario, Bitcoin could remain the only digital asset recognized as a commodity, while Ethereum and other cryptocurrencies could remain in a gray area with unclear regulations.
Saylor stated that in the second scenario, which seems more likely, the “war on crypto” will end, and that this scenario will provide a clear definition of cryptocurrencies and the sector will have a clearer regulatory environment.
At this point, Saylor stated that the future of Bitcoin and Ethereum is bright, and said:
“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.
