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One of the well-known figures on the internet, famous trader Peter Brandt, made significant statements. He drew attention to the ongoing struggle between Bitcoin and other cryptocurrencies, stating that he shares the same opinion on dominance as MicroStrategy founder and Chairman Michael Saylor.
Bitcoin Gains Support
In his statement, Brandt humorously asked his followers whether they had invested their futures in Ethereum (ETH), Solana (SOL), and meme coins, declaring:
This is a one-horse race.
He also highlighted a past video where Michael Saylor called for Bitcoin’s supremacy.
In a video from the MicroStrategy World 2024 conference, Saylor stated that Bitcoin is the king of the sector. He also described Bitcoin as the only asset standing alone in gaining full corporate acceptance.
MicroStrategy CEO Saylor, on the other hand, described BTC as the “only universal” cryptocurrency for corporate-level investments, adding:
There will not be another one.
It is not surprising that Bitcoin’s major supporter made such a statement. However, Saylor also did not hesitate to comment on Ethereum, which uses the Proof-of-Stake (PoS) consensus mechanism after the Merge.
Michael Saylor, Ethereum, and Other Altcoins
Recently, in a campaign concerning ETH, Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), paralleled Saylor’s remarks that Bitcoin’s biggest follower is not a commodity but a security.
Accordingly, he stated that it is unlikely for the SEC to approve spot Ethereum ETF applications made by top investment fund management companies in the US.
The SEC needs to make a decision soon. It is important not to forget that the deadline for the VanEck spot Ethereum ETF application is May 23.
Saylor also expanded his statement to include major market altcoins such as Binance Coin (BNB), Solana (SOL), XRP, and Cardano (ADA).
None of these will be included in a spot ETF, none will be accepted on Wall Street…
