- Michael Saylor views the SEC’s approval of Ethereum ETFs as advantageous for Bitcoin’s political strength and industry support.
- Saylor anticipates the move will hasten institutional adoption, with Bitcoin dominating the crypto allocation.
- The crypto community is abuzz with Saylor’s unexpected positive shift on Ethereum ETFs.
Michael Saylor, the chairman of MicroStrategy, has expressed a positive outlook about the U.S. SEC’s approval of Ethereum spot ETFs, suggesting that it could be even more beneficial for Bitcoin.
Saylor expressed this view during an episode of the “What Bitcoin Did” podcast on May 25. He discussed with host Peter McCormack the implications of the SEC’s decision to approve eight Ethereum spot ETFs on May 23.
Saylor, who had previously held reservations about the likelihood of SEC approval for Ethereum ETFs, has now shifted his stance. He sees the development as a potential catalyst that could bolster the entire crypto industry, including Bitcoin. In his words:
Yeah, I think it’s good for Bitcoin. In fact, it may be better for Bitcoin because we are politically much more p…The post BTC Maxi Michael Saylor Says Ethereum ETF Approval “Is Good for” Bitcoin appeared first on Coin Edition.