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Bitcoin Advocate Michael Saylor Says He Was Wrong About Ethereum, Here’s Why
In a recent interview, renowned bitcoin advocate and MicroStrategy CEO Michael Saylor expressed his change of heart regarding Ethereum. In the past, Saylor had been a vocal critic of Ethereum, but he has now come around to admit that he was wrong in his earlier views.
Saylor believes that former President Donald Trump’s recognition of the growing influence of digital assets played a crucial role in changing his perspective. He points out that this shift in politics has opened doors for Ethereum and other cryptocurrencies to grow under a clearer regulatory environment.
It is worth noting that Saylor had previously predicted that Ethereum would be labelled an unregistered security and refused approval for a spot ETF. However, the recent developments have led him to re-evaluate his stance on the matter.
Saylor envisions two possible outcomes for the crypto market. In the first scenario, Bitcoin would remain the only digital asset recognized as a commodity while other cryptocurrencies like Ethereum operate in a regulatory grey area.
However, he believes that this is unlikely and instead anticipates a future where there is no “war on crypto.” This shift in attitude could provide a clear definition for digital assets, leading to increased growth within the industry.
Source: coinpedia.org
