Michael Saylor Compares Bitcoin with Ethereum and XRP.
Michael Saylor, the executive chairman of MicroStrategy, insists that Bitcoin rules supreme and has no rivals despite giant strides by XRP and Ethereum.
The maximalist is Bitcoin through and through, reiterating this stance in a widely circulating clip shared by Altcoin Daily. According to Saylor, the pioneering cryptocurrency is the best, and there is no second-best.
Saylor has continued to taunt enthusiasts of other major cryptocurrencies, including Ethereum, XRP, and Solana despite not directly mentioning these assets. Notably, long-standing Bitcoin advocate Thomas Lee recently shared that Ethereum’s stablecoin utility will ensure it follows in Bitcoin’s footprint, but not Saylor. The Strategy chairman says there is no second-best.
He stated that in the tech world, one might compare Google to Facebook or Apple to Amazon. However, in the digital asset space, there is no real competitor to Bitcoin; it is either Bitcoin or nothing else.
Furthermore, Saylor pushed back on the 60% Bitcoin dominance in the cryptocurrency market. For perspective, BTC accounts for 64.94% of the global cryptocurrency market cap, with a valuation of over $2.16 trillion.
However, Michael Saylor argued that Bitcoin should dominate about 95% to 96% of the market. In his words, one would be lucky to “scrape together 5% of other stuff.”
It is based on this sentiment that Saylor’s Strategy has incessantly piled into Bitcoin. The business intelligence-turned-Bitcoin treasury company is by far the largest public firm holding BTC.
Despite pausing its weekly purchase on Monday for the first time in three months, it holds 597,325 BTC, valued at $65 billion.
