The die is cast for bitcoin from 2024 to 2030": Michael Saylor

Michael Saylor, founder and director of software services company, MicroStrategy, gave a strong message to the market today at his event called Bitcoin for Corporations.

"It is increasingly clear that no other crypto asset will achieve institutional acceptance in this decade," he said. As an example of this, he highlighted that it could be seen that the bitcoin (BTC) exchange-traded fund (ETF) was approved in January in the United States, something that he believes will not happen with another asset in the market.

There is no such thing as a second, better crypto asset

For the director of MicroStrategy, bitcoin will be the only winning cryptocurrency in the coming years.

Michael Saylor believes that bitcoin has no point of comparison with other cryptocurrencies. Source: Bitcoin Magazine - YouTube - Screenshot by CriptoNoticias.
Michael Saylor believes that bitcoin has no point of comparison with other cryptocurrencies. Source: Bitcoin Magazine - YouTube - Screenshot by CriptoNoticias.

Michael Saylor, founder and director of software services company, MicroStrategy, gave a strong message to the market today at his event called Bitcoin for Corporations.

"It is increasingly clear that no other crypto asset will achieve institutional acceptance in this decade," he said. As an example of this, he highlighted that it could be seen that the bitcoin (BTC) exchange-traded fund (ETF) was approved in January in the United States, something that he believes will not happen with another asset in the market.

"By the end of May, you will know that the Ethereum ETF will not be approved," he said. This comment takes place before the approach of the deadline (May 23) that the SEC, US securities regulator, has to give a verdict on a proposal of this product.

With such a disapproval, "it will be very clear to everyone that Ethereum is considered a crypto-asset security, not a commodity," he warned. And this conception is expected to expand to the rest of the market.

After that, "you'll see that Ethereum, BNB, Solana, Ripple, Cardano, and everything else in the stack is just an unregistered crypto security asset." Said. Therefore, he believes that none of them will be accepted as ETFs.

Saylor made the caveat that, many years from now, "anything can happen," but in the near future he only sees value in bitcoin. "Between 2024 and 2030, when the die is cast, the writing is on the wall: this is the gainer of the network, simply the best crypto asset," he said.

"There is no better second crypto asset"
The head of MicroStrategy expects that, as projects fail, "everything in the cryptocurrency ecosystem is going to flow into the best network, Bitcoin." The reason is that it has a wide acceptance. "Everyone agrees on something: Bitcoin will exist long term," he said, differentiating that the same does not happen with the rest of cryptoassets.

"There is no second better cryptoasset," he concluded, specifying that bitcoin is the only digital commodity because it is decentralized.