Michael Saylor, CEO of MicroStrategy, has criticized Ethereum during a speech at the Blockchain Economics Summit in Istanbul on the eve of The Merge update, CoinMarketCap has reported.
According to him, it may take additional time to stabilize the second largest crypto by capitalization.
Saylor has stressed it is important for institutional investors to see that the final version of the protocol runs uninterrupted for 5 to 10 years. Massive updates to The Merge level open up new opportunities for hackers.
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The MicroStrategy CEO has admitted Ethereum could be unstable for the next three years.
He has also reminded the monetary policy of the crypto could change in the next few years.