Bitcoin champion Michael Saylor isn’t rattled by Wall Street’s growing appetite for Ethereum. In fact, he sees the buzz around other cryptocurrencies as part of a broader trend that ultimately benefits the entire digital asset space.
During a Bloomberg interview on Friday, the MicroStrategy co-founder framed Ethereum’s recent momentum as healthy competition — but one that doesn’t shift his priorities. “The innovation happening across crypto is good for everyone,” he said, before adding that most of the serious money entering the sector is still going into Bitcoin.
Institutional Holdings Reach New Heights
The corporate footprint in Bitcoin has grown sharply in recent months. Six months ago, roughly 60 companies disclosed BTC on their balance sheets. That figure has now surged to about 160. MicroStrategy continues to dominate the leaderboard with a staggering 628,791 BTC, worth around $74 billion at current prices. The next largest holder, MARA Holdings, controls about 50,639 BTC — more than a dozen times less.
Saylor calls Bitcoin “digital capital” and predicts it will leave the S&P 500 trailing “for the indefinite future.”
Ether’s Climb and the ETF Effect
Ether’s own rally has been hard to ignore. After plunging below $2,000 earlier this year, the second-largest cryptocurrency has rebounded sharply, gaining 23% in the past month to trade near $4,224. The recovery has been fueled by a mix of institutional buying and a wave of interest in Ether-based ETFs.
Public company holdings of ETH have swelled to nearly $11.8 billion. BitMine Immersion Technologies leads the pack with over 833,000 ETH valued at $3.2 billion. SharpLink Gaming and The Ether Machine hold $2 billion and $1.34 billion worth of ETH, respectively, while the Ethereum Foundation and PulseChain round out the top five.
A Market Split but Growing Together
Bitcoin recently hit a record $123,100 in July before settling near $118,000. Ethereum’s rally has added to speculation that institutional money is diversifying, but Saylor isn’t shifting his stance. For him, Bitcoin remains the dominant asset — a position strengthened, not threatened, by growth elsewhere in crypto.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/michael-saylor-dismisses-ethereum-hype-says-bitcoin-will-crush-the-sp-500/