Ethereum Comment from MicroStrategy Founder: “It Will Work for Bitcoin”

According to MicroStrategy founder Michael Saylor, the approval of spot Ethereum ETFs is also positive for Bitcoin (BTC).

Michael Saylor: “Is this good for Bitcoin or not? "I think it's good for Bitcoin, even better for Bitcoin, because I think we're getting more political support from the crypto industry," he said.

According to the founder of MicroStrategy, with the approval of spot Ethereum ETFs, another line of defense has been added to Bitcoin.

“I think mainstream investors, now there is such a thing as a crypto asset class, they will say maybe we should invest 5% or 10% in this crypto asset class, but 60-70% of it will be Bitcoin,” Saylor said.

MicroStrategy founder said in his statements earlier this month that the SEC would consider Ethereum as a security.