Michael Saylor: Ethereum Has its Place, Bitcoin is 50x Better Than Gold
MicroStrategy, CEO Michael Saylor said in an interview with CNBC., that he believes other cryptocurrencies have a bright future because they serve different purposes.
Ethereum Has a Place Too
Ever since MicroStrategy started purchasing sizeable amounts of bitcoin, and Saylor did for himself as well, the company’s CEO has become one of the most prominent BTC maximalists. As such, he has rarely discussed any other digital assets and even more infrequently had anything positive to say.
He called the network behind the second-largest cryptocurrency a “digital application” that wants to “dematerialize the JPMorgan building, the banking establishments, and all of the exchanges.”
Bitcoin is Better Than Gold
He doubled down on his belief that BTC is better than the yellow metal by saying, “I’m surprised they are not increasing their allocation by a factor of 10 because bitcoin is 50 times better.”
