The head of MicroStrategy, Michael Saylor, during his speech at the Blockchain Economy Summit in Istanbul, criticized Ethereum on the eve of The Merge update. This is reported by CoinMarketCap.
According to him, additional time may be required to stabilize the second largest cryptocurrency by capitalization.
Saylor noted that it is important for institutional investors to see the finished version of the protocol that works without hacks on over 5–10 years. Massive upgrades at The Merge level open up new opportunities for hackers, he added.
The CEO of MicroStrategy admitted that Ethereum could be unstable in the next three years. He also recalled that the monetary policy of cryptocurrency may change in the coming years, while the principles for issuing and mining bitcoin are determined for the next 1000 years.
According to Saylor, investors should be sure that their assets will not lose its value due to the possible increase in the number of coins in circulation. Therefore, he does not invest in Dogecoin and the shares of some large technology companies.
Recall that in July, Saylor called for Ethereum to be classified as a security, since the asset was originally distributed to investors as part of an ICO.
Earlier the head of MicroStrategy said that the company does not intend to sell bitcoin even under adverse market conditions.
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