As a long-term Bitcoin investor and avid follower of Michael Saylor’s insights, I wholeheartedly agree with his “Bitcoin Godzilla” message. The approval of the Ethereum ETF may be a significant milestone for the crypto market, but it doesn’t change my belief in Bitcoin’s supremacy.
Michael Saylor, a long-term Bitcoin advocate and the executive chairman of MicroStrategy, recently shared his thoughts with the Bitcoin community following the announcement of the SEC’s approval for spot Ethereum ETFs.
According to a tweet from Saylor, he continues to believe that Bitcoin will outperform Ethereum and other competitors in the cryptocurrency market.
Saylor’s “Bitcoin Godzilla” message
Bitcoin advocate Maxi (a nickname for Saylor) shared an exhilarated message to the cryptocurrency audience, expressing a bullish outlook using the metaphorical analogy of “Godzilla”: “All your financial models are disrupted when Godzilla makes its entrance. #Bitcoin” accompanied by a picture of the rampaging monster from the movies.
As a passionate crypto investor, I can’t help but be captivated by the powerful Godzilla image before me. The subtle inclusion of a Bitcoin (BTC) mascot in the right bottom corner adds an intriguing layer to this visual masterpiece. For those of us who believe in Bitcoin’s potential, it serves as a poignant reminder of the immense power we see in this digital asset. We anticipate that its influence on the market will be nothing short of groundbreaking, much like Godzilla leaving an indelible mark on the world.
All your models are destroyed when Godzilla arrives. #Bitcoin
— Michael Saylor⚡️ (@saylor) May 23, 2024
Bitcoin maxi Samson Mow confirms bearish ETH outlook
One Bitcoin advocate, specifically the CEO of JAN3 named Samson Mow, expressed disagreement with the recent Ethereum ETF approval.
Mow held the view that the probability of Ethereum ETFs being approved by the SEC had been equal at 50% all along. He opines that the sole reason for their approval was the SEC’s predicament, leaving them with no other option but to grant permission.
The SEC’s decision to approve the #Ethereum Spot ETFs was never a certainty, with equal chances for approval or rejection. The SEC found themselves in a predicament and had no other option but to give their nod. However, it is crucial to note that this development does not affect Ethereum’s bearish forecast in any way.
— Samson Mow (@Excellion) May 23, 2024
Samson emphasized that the ETF approval for Ethereum doesn’t in any way affect his pessimistic view towards the cryptocurrency. He had previously advised on Twitter that this week presented the final opportunity to sell Ethereum for more than 0.05 Bitcoons.
Thursdays event brought about a nearly 5% surge in Ethereum, the second largest cryptocurrency, reaching a peak of $3.937. However, a reversal ensued, causing Ethereum to dip by 6.86%. At present, Ethereum is being traded at approximately $3,664 per coin.
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2024-05-24 12:21