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 crypto venture connected to the Trump family is quietly preparing for a major pivot—one that could take it from an obscure governance experiment to a publicly traded token with institutional backing.
Solana (SOL) has gone down by nearly 21% in the past month as rising tensions in the Middle East triggered some selling pressure for cryptos. After the cease-fire agreement between Iran and Israel, the token recovered some of the territory it had lost and now trades above a key support at $140. Market participants are […]
As airdrop controversies continue to shake confidence across the crypto sector, Eclipse Labs is taking proactive steps to distance itself from recent missteps by other projects.
Crypto infrastructure firm Bit Digital is making a bold strategic pivot, abandoning Bitcoin mining entirely in favor of Ethereum staking and asset management.