Bitcoin advocate and Strategy founder Michael Saylor argued in a panel discussion that confidence in Ethereum has significantly decreased. Saylor, while evaluating the overall picture in the
Bitcoin advocate and Strategy founder Michael Saylor argued in a panel discussion that confidence in Ethereum has significantly decreased.
Saylor, while evaluating the overall picture in the crypto market, drew attention to the long-standing competition among assets such as Ethereum, Solana, and BNB. He noted that these projects have suffered a loss of “monetary premium” following hype cycles and liquidity explosions, and that many tokens are no longer considered money, with their survival entirely dependent on use value and competition among themselves.
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Continuing his speech, Saylor stated that the past 12 months have been quite positive for Bitcoin. He said that Bitcoin has strengthened its position as the “dominant digital monetary network” and proven that digital assets function as a store of capital.
Saylor’s company recently sold Bitcoin, surprising everyone by moving away from its “constant buying” mode. However, Saylor maintains that net BTC purchases will always outweigh sales, adding that there has been no change in their strategy.
*This is not investment advice.
Continue Reading: Big Bull Michael Saylor Makes Bold Comments About Ethereum and Other Altcoins: “Confidence in These Has Diminished Significantly”
