Michael Saylor is not sweating the rise of Ethereum treasury companies
Main Idea
Michael Saylor remains focused on Bitcoin, predicting it will outperform the S&P 500, while acknowledging the rise of Ethereum treasury companies.
Key Points
1. Michael Saylor, a Bitcoin maximalist, stated he is 'laser-like focused' on Bitcoin during a Bloomberg interview.
2. Saylor predicts Bitcoin will outperform the S&P 500 over the 'indefinite' future, calling it 'digital capital'.
3. MicroStrategy holds the largest public Bitcoin treasury with 628,791 BTC worth approximately $74.15 billion.
4. Ether has seen a 23% increase over the past 30 days, trading at $4,224, following predictions of a rebound after a drop below $2,000 in March.
5. Public companies like BitMine Immersion Technologies and SharpLink Gaming hold significant amounts of ETH, with BitMine holding 833,100 ETH worth $3.2 billion.
Description
Michael Saylor isn’t worried about growing treasury interest in crypto assets beyond Bitcoin, claiming that Bitcoin will outpace the S&P 500 for the “indefinite future.”
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