Michael Saylor: “Ethereum ETFs will provide advantage for Bitcoin”
MicroStrategy founder Michael Saylor claimed that spot Ethereum ETFs approved by the SEC would benefit Bitcoin by increasing institutional investments.
MicroStrategy Chairman Michael Saylor thinks that integrating Ethereum into the spot ETF market will ultimately increase institutional investors in the cryptocurrency market.
During an interview published on social media platform X, Saylor argued that Ethereum #ETFs are important in increasing confidence in the crypto sector while increasing investors' choice. Saying that an important milestone has been reached in legitimizing the crypto asset class, Michael Saylor thinks that crypto currencies have been officially accepted as an asset class led by Bitcoin.
Although #MichaelSaylor has been one of the market's most influential Bitcoin advocates so far, he was known for his critical approach towards altcoins. However, his statements in his last interview showed that the Bitcoin advocate has started to look favorably on cryptocurrencies other than Bitcoin. So much so that Saylor expressed his views that spot Ethereum ETFs would be rejected before approval.
Before the SEC's decision, Saylor's comment that Ethereum would be defined as a security by the regulatory body attracted great reaction. At this point, Saylor changed his view after the adoption of Ethereum ETFs, saying that this important development would benefit #Bitcoin .
“A new era begins”
Saylor, who thinks that a strong marketing process will begin after #Ethereum ETFs start trading, claimed that the adoption of crypto technology by institutions will accelerate.
Defining this process as a new era, MicroStrategy founder argued that working models should be re-planned to be compatible with the changing landscape.
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