Categories: MarketsMenafn

Michael Saylor Supports Ethereum And Bitcoin

Michael Saylor, known for his advocacy of Bitcoin, has become more open to Ethereum. This suggests a shift in his perspective towards the cryptocurrency landscape.

MicroStrategy co-founder Michael Saylor expressed optimism regarding Ethereum exchange-traded funds (ETFs) during a recent appearance on the “What Bitcoin Did” podcast. According to Saylor, these ETFs will accelerate institutional Ethereum adoption.

Viewing cryptocurrency as a more all-encompassing asset class, Saylor suggested a probable shift in mainstream investor behavior based on preparedness to increase portfolio allocation from the current 1% to a range of 5% to 10%.

Bitcoin Poised for 70% Dominance Amid Ethereum ETFs SEC Approval

He mentioned emphasizing that Bitcoin would predominate in this distribution, maybe considering up to 70% as the main cryptocurrency.

The U.S. Securities and Exchange Commission (SEC) approved many 19b-4 applications by Ethereum ETF issuers earlier this week. This decision went against earlier projections of rejection based on little participation, political pressure, and legal uncertainty about Ether.

Expert Bloomberg ETF James Seyffart said that roughly 25% of the demand displayed for newly launched January Bitcoin ETFs might come from Ethereum ETFs.

The beginning of trading for these Ethereum ETFs is undetermined, as the SEC still awaits confirmation of matching S-1 registration statements.

From his former position, where he discounted the possibility of Wall Street embracing Ethereum, Saylor’s viewpoint on Ethereum has changed significantly to reflect it as a security. He once positioned Bitcoin as the only “institutional-grade crypto asset.”

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

BeCEXy Platform Moves From Beta to Full Launch, Uniting the Tap-To-Earn Ecosystem

After six months of successful beta testing, BeCEXy announces the full launch of its platform.…

18 hours ago

$IONIX Chain Leads Best Crypto Presale ICO in 2025 as ETH and BTC Rise

Dubai, UAE, 29th October 2025, ZEX PR WIRE, As traditional cryptocurrency giants like Bitcoin and…

19 hours ago

Zero Trade Limited l The #1 Forex Trading Platform for Brokers — Expands Global Offering with Integrated CRM and Business Formation Support in Dubai and UK

Dubai, UAE, 29th October 2025, ZEX PR WIRE, ZeroTrade Limited, a leading forex trading platform provider…

19 hours ago

Japan Launches Yen-Pegged Stablecoin Under New Regulations

Japan introduced its first yen-pegged stablecoin under domestic regulations on October 27, 2025, as startup…

3 days ago

Payments MCP: Coinbase links AI agents to crypto via x402

Coinbase has launched Payments MCP, a Model Context Protocol implementation that gives AI agents access…

6 days ago

Agrifi AGF Token Transforms DeFi with Real Farmland Utility and On-Chain Yields

Estonia, 22nd October 2025, ZEX PR WIRE, AgriFi, a blockchain-powered agricultural finance protocol, is redefining…

1 week ago