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MicroStrategy CEO Michael Saylor made some rare comments about Ethereum: There’s a place for everybody

In an interview with senior retail reporter Courtney Reagan on CNBC’s Fast Money, MicroStrategy chief Michael Saylor revealed that he has an interest in Ethereum in addition to Bitcoin.

The MicroStrategy CEO, Michael Saylor sees Ethereum as a serious competitor to the financial industry

Knowing Saylor is a follower of Bitcoin maximalism, Fast Money co-host Guy Adami still probes MicroStrategy CEO about Ethereum. Adami asked if there is room in the company’s strategy for ETH anymore.

Saylor shared:

“Think of it as like granite blocks in cyber Manhattan. Then you’ve got digital currency that is like Tether and stablecoins, they want to be money markets in cyberspace … Then you’ve got digital applications like Ethereum. Ethereum wants to dematerialize the JP Morgan building and the banking establishment and all of the exchanges.”

Saylor claims that Ethereum is trying to dematerialize exchanges and financial facilities:

“I think that as the market starts to understand these things, there’s a place for everybody.”

Bitcoin is as digital gold on a big tech network

However, the software company’s CEO has not hinted that the company will make any move to buy Ethereum or any other crypto asset in the near future. It seems that he clearly remains a Bitcoin maximalist, saying that BTC is the highest, most dominant digital property network.

Saylor is defining the intangible asset as below:

“The world is waking up to the fact that Bitcoin is the digital property on an open monetary network. And that’s pretty profound because it’s going to spread to billions of people around the planet. It’s digital gold on a big tech network.”

Saylor described Bitcoin as digital gold on a big tech network, predicting it will be adopted by billions of people worldwide.

Over the past 12 months, we’ve all been waiting for inflation. Because when inflation is high, people often turn to Bitcoin as a safe haven asset.

According to Saylor, investors say that Bitcoin is up 330% and gold is up 7% in that time period. Bitcoin is outperforming gold by a factor of 50. Bitcoin initially believes like Paul Tudor Jones is doubling or tripling their allocation:

“I’m surprised they’re not increasing their allocation by a factor of ten because Bitcoin is fifty times better.”

Apart from making a killing with its cryptocurrency investment, MicroStrategy’s software business also had its best quarter in history:

“The core business is up 10 percent. The Bitcoin business is driving shareholder returns. I think the employees are happy, the shareholders are happy.”

MicroStrategy currently owns 91,326 BTC, and plans to buy more after recently.

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