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International Business Times
International Business Times
Business
Marvie Basilan

Ego Check? Bitcoin Maxi Saylor Says Ethereum ETF Approval Is 'Good' For BTC

Bitcoin Michael Saylor Ethereum ETF Crypto Peter McCormack MicroStrategy SEC
MicroStrategy founder and executive chairman Michael Saylor speaks to Peter McCormack of the What Bitcoin Did podcast regarding the approval of spot Ether ETFs. YouTube | Bitcoin is Forever Money with Michael Saylor (Credit: What Bitcoin Did YouTube Channel/Screenshot)

KEY POINTS

  • Saylor said spot Ether ETFs can 'serve as another line of defense' for Bitcoin
  • He acknowledged that he was among those who believed the SEC wouldn't approve the funds two weeks prior
  • Some crypto users on X said it was 'about time' a Bitcoin maximalist admitted crypto isn't just about BTC

Michael Saylor, a long-time Bitcoin maximalist – a cryptocurrency holder who advocates very strongly for a particular token – has shared his thoughts about the recent approval of spot Ether (ETH) exchange-traded funds (ETFs), and digital assets enthusiasts are all for his gradual transition.

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