Bitcoin News Today: Michael Saylor Stands by Bitcoin Despite Ethereum's 23% 30-Day Surge

Michael Saylor, CEO of MicroStrategy and one of the most prominent Bitcoin maximalists, has shown no concern over the increasing number of companies investing in Ether and other cryptocurrencies. During a recent interview on Bloomberg TV, Saylor emphasized that the growing interest in Ethereum does not diminish Bitcoin’s dominance in the crypto space. “I think there is an explosion of innovation across the entire crypto economy, and on the margin it is good for everybody in the digital asset space,” he stated [1]. Saylor’s comments reflect a broader belief in the coexistence of multiple digital assets while underlining his unwavering commitment to Bitcoin.

Saylor described his focus on Bitcoin as “laser-like,” reiterating that the majority of capital entering the crypto market continues to flow into Bitcoin. At the time of the interview, Bitcoin’s market dominance stood at 60.18%, according to TradingView data [1]. The number of publicly listed companies holding Bitcoin has more than doubled in the past six months, rising from approximately 60 to over 160 [1]. MicroStrategy remains the largest public company with a Bitcoin treasury, holding 628,791 BTC valued at approximately $74.15 billion [1].

Saylor has long argued that Bitcoin is not a speculative asset but a form of digital capital with intrinsic value. “I think Bitcoin is digital capital,” he stated, a sentiment consistent with his public advocacy for Bitcoin as a store of value and a hedge against inflation [1]. His confidence in Bitcoin’s long-term performance is rooted in its scarcity and first-mover advantage, which he views as critical in distinguishing it from other cryptocurrencies.

Meanwhile, Ethereum has seen renewed interest, with Ether trading at $4,224 at the time of publication—a 23% increase over the past 30 days [1]. This rise follows predictions from several analysts who anticipated a significant rebound after the asset dipped below $2,000 in March. Institutional and ETF demand has been cited as key drivers behind the price surge. According to Cointelegraph, the market for public companies holding Ether has expanded to $11.77 billion, with BitMine Immersion Technologies and SharpLink Gaming among the top holders [1].

Despite the growing presence of Ethereum treasury companies, Saylor has not adjusted his strategy. He remains focused on Bitcoin as the core of corporate treasury management in the digital era. “So I’m laser-like focused on Bitcoin,” he reiterated [1]. This stance has been consistent over time, particularly after MicroStrategy significantly increased its Bitcoin holdings following the 2024 U.S. presidential election [1].

Saylor’s confidence in Bitcoin is also reflected in his prediction that the asset will outperform the S&P 500 over the “indefinite future.” This view is rooted in his belief that Bitcoin represents a new form of capital, one that is increasingly integrated into corporate balance sheets and financial planning [1]. His perspective aligns with broader trends in institutional adoption, where more companies are viewing Bitcoin as a strategic reserve asset.

As the crypto market continues to evolve, the competition between Bitcoin and Ethereum remains a key point of discussion. Saylor’s approach highlights a long-term, institutional mindset, where Bitcoin’s role is seen as foundational rather than speculative. While Ethereum’s recent resurgence is notable, Saylor’s message is clear: Bitcoin remains the digital gold standard in the eyes of many market participants.

Source:

[1] CoinMarketCap. “Michael Saylor is not sweating the rise of Ethereum treasury companies.” https://coinmarketcap.com/community/articles/68983a0ad3f2f1289a152f90/