MicroStrategy's Michael Saylor has long been outspoken not just about his Bitcoin (BTC) advocacy, but about his skepticism toward Ethereum (ETH) as well.
Previously, Saylor had referred to Ethereum as an unregistered security and voiced doubts about the approval of an Ethereum-based ETF. However, during a recent conversation on the Altcoin Daily YouTube channel, Saylor acknowledged that he had been wrong in his earlier assessments of Ethereum.
Saylor revealed that his perspective began to shift in the second quarter of 2024, particularly after former President Donald Trump expressed support for the crypto community. This change in sentiment led Saylor to reconsider Ethereum’s potential and the broader cryptocurrency landscape.
Looking ahead, Saylor proposed two possible scenarios for the future of Bitcoin, Ethereum, and the crypto industry. In the first, he suggested that Bitcoin might emerge as the sole digital asset classified as a commodity, leaving Ethereum and other cryptocurrencies in a regulatory gray zone. However, he leaned more toward the second scenario, where the so-called “war on crypto” would subside, providing clarity and a more defined regulatory framework for the entire sector.
In this scenario, Saylor believes that both Bitcoin and Ethereum are on the verge of entering a period of significant growth. Bitcoin, in particular, is poised for a major rise, while Ethereum, along with other cryptocurrencies, could experience a “crypto renaissance” driven by newfound regulatory certainty.
A growing number of publicly traded companies are turning to XRP as a potential reserve asset, signaling a shift in how institutions view the utility of digital assets in treasury management.
Coinbase has taken another step toward boosting cross-chain utility by introducing wrapped versions of XRP and Dogecoin on its Layer 2 network, Base.
While Bitcoin continues to capture attention with its strong 2025 outlook, several altcoins may be facing near-term turbulence.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.