Michael Saylor Says Ethereum ETF Is Good for Bitcoin, Here's Reason

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In his interview post Ethereum ETF approval, Michael Saylor completely reframes his narrative to say that the Ethereum ETF approval is a GOOD thing for Bitcoin because it makes the entire asset class bigger and thus more money can flow into Bitcoin. 😂He said that with other related products, more investors will make their way into the broader crypto market. According to him, this will help validate Bitcoin as the dominant asset in the industry.

Michael Saylor earned a lot of criticism for his earlier statement, with the likes of Charles Hoskinson slamming him for what he perceived as an unhealthy view of the industry. Already, the change in stance is being called out, seeing the failed prediction that has already come to pass.The process leading up to the spot Ethereum ETF approval brought with it a lot of speculation.

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