Learn how Saylor's 'interest' in Ethereum may be just another fake on crypto market
is widely recognized for his strong advocacy of Bitcoin technology. In 2020, amid the global economic impacts of the pandemic, Saylor's company, MicroStrategy, began purchasing large amounts of Bitcoin. Under Saylor's direction, MicroStrategy acquired 21,454 BTCs in August 2020 and has continued to accumulate the cryptocurrency, positioning Saylor as a significant player on the BTC market.
In 2022, when asked by the cryptocurrency exchange Bitfinex via Twitter to name the three cryptocurrencies they would choose to invest $100 million in, Saylor quickly responded with: Bitcoin, Bitcoin and Bitcoin. He confidently stated that BTC will"be worth millions" even after the correction it experienced in the previous year.Ethereum
The former CEO of MicroStrategy has also criticized the centralization of ETH, arguing that its frequent hard forks make it vulnerable to changes by the development team. Saylor claims that such significant changes to the protocol mean that the development team is making decisions, and if the monetary protocol can be altered, Ethereum may fall under the classification of an investment contract under securities law.
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