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Saylor appeared on the "What Bitcoin Did" podcast at the end of May to discuss his views on Bitcoin and crypto. "Bitcoin was going to be the only asset securitized and offered as a spot ETF by the Wall Street establishment—and it was going to spread as the one legitimate crypto asset," Saylor noted. 

Saylor was alluding to the recent advancement of spot Ethereum ETFs to the next approval stage, which occurred just days before the interview. Although the outlook for approval was initially bleak for much of 2024, the SEC is now taking a closer look at each application. Speculation suggests that trading could begin by the end of the summer. 

The advancement of the Ethereum ETFs surprised everyone, including Saylor. Previously, Saylor believed that Bitcoin was the only crypto asset worthy of investment, with other cryptocurrencies merely imitating Bitcoin's success. However, the approval of the ETFs arguably legitimizes Ethereum in the eyes of institutional investors. 

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For years, Saylor has focused on Bitcoin's limited supply and its use of blockchain for transactions. However, during the interview, he acknowledged the advantages of Ethereum, noting that ‘digital art, NFTs, tokens,…DeFi' are all part of ‘an entire range of use cases' for crypto. 

Despite recognizing Ethereum's benefits, Saylor still believes Bitcoin will remain the leader in crypto. He noted that institutional investors might ‘allocate 5% or 10% to the crypto asset class, but Bitcoin will be 60% to 70% of that.' The Ethereum ETFs could attract new crypto investors who will also buy Bitcoin. 

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