Michael Saylor: Ethereum ETFs Approval Will Benefit Bitcoin
Main page Opinion, Bitcoin, Ethereum

According to Michael Saylor, founder of MicroStrategy, the recent approval of spot Ethereum ETFs by the SEC is only beneficial for Bitcoin.

In a recent interview with Peter McCormack, Bitcoin podcaster, on the What Bitcoin Did podcast, Saylor stated that the approval will strengthen Bitcoin's position because the entire crypto sector will now have stronger political support.

Saylor has further explained that ETFs serve as an additional line of defense for Bitcoin and will help accelerate its institutional adoption.

He has added that this will also legitimize the crypto asset as an asset class and attract more mainstream investors, ultimately benefiting Bitcoin, which remains the industry leader.

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