According to U.Today, Michael Saylor, the executive chairman of MicroStrategy, has shared his views on Bitcoin's potential following the U.S. Securities and Exchange's approval of spot Ethereum exchange-traded funds. Saylor, a long-term Bitcoin bull, anticipates Bitcoin to outperform Ethereum and all other competitors in the market. In a tweet, he likened Bitcoin to Godzilla, suggesting its immense power and expected future impact on the market.
Another Bitcoin maximalist, Samson Mow, CEO of Jan3, also expressed his thoughts on the Ethereum ETF approval. Mow, who had always believed the chances of spot Ethereum ETFs getting approved were 50/50, suggested that the SEC had backed themselves into a corner, leaving them with no choice but to approve it. However, he emphasized that this approval does not alter his bearish outlook for Ethereum.
Earlier this week, Mow suggested that it was the last opportunity to sell Ethereum above 0.05 BTC. Following the ETF news, Ethereum, the second-largest cryptocurrency, saw an almost 5% increase, surging to the $3.937 level. However, a subsequent rebound resulted in a 6.86% drop, with Ethereum currently trading at $3,664 per coin.