Mainstream investors might be willing to allocate a higher percentage of their portfolios instead of just 1% now that view crypto as a broader asset class. Saylor is convinced that Bitcoin is going to account for up to 70% of that allocation as the leader of the crypto asset class.
"In fact, it might be better for Bitcoin because we are politically much more powerful…supported by the entire cryptocurrency industry…They obviously have a lot of political power, a lot of users, and they serve as another line of defense for Bitcoin," he said. In a stunning U-turn, several 19b-4s listing requests filed by Ethereum ETF issuers were approved earlier this week. Just days before that, the U.S.
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Spot Ethereum ETF approval 'may be better for Bitcoin' — Michael SaylorSaylor argues that the approval of a spot Ether ETF will prompt new investors to recognize crypto as an asset class, yet most of their allocation will still flow towards bitcoin.
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