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In a surprising twist, Michael Saylor , the once staunch Bitcoin ( BTC ) maximalist and MicroStrategy (NASDAQ: MSTR ) former CEO, has acknowledged his misjudgment regarding Ethereum ( ETH ). In the past, Saylor said in an interview to the Bitcoin Magazine that “there is no second best” to Bitcoin in multiple financial categories – an opinion that has now apparently changed. This revelation comes from a recent interview with Altcoin Daily on December 25, 2024, where Saylor admits that his earlier predictions about Ethereum’s regulatory fate were off the mark. Now, he sees a brighter future for Ethereum and other digital assets, signaling a potential “crypto renaissance.” Donald Trump’s victory changes everything politically Notably, the change in Saylor’s perspective largely stems from a shift in the political environment following Donald Trump’s presidential victory . As he noted, “I think the political landscape and consensus really shifted in the second quarter when Trump embraced crypto.” This endorsement from President Donald Trump has altered the narrative around digital currencies, giving Ethereum a new lease on life. The crypto community, feeling the pressure of regulatory crackdowns under previous administrations, found a new ally in Trump. Saylor outlines two potential futures for the cryptocurrency market under Trump’s administration, one positive and the other not so much. The first scenario he sees is having “Bitcoin alone as a commodity.” Here, Bitcoin would stand alone as the only digital asset recognized as a commodity, leaving Ethereum and others in regulatory limbo. On the other hand, the Bitcoin investor and businessman forecasts “the end of crypto hostility,” according to Coinpedia . This involves a more favorable scenario where a comprehensive digital assets’ framework provides clarity and legitimacy, ending what Saylor describes as the “war on crypto.” He now leans towards the latter scenario, believing that the regulatory environment will become more supportive, fostering innovation and growth across the board. The ‘second best’: Ethereum’s renaissance and tokenization With this new outlook, Michael Saylor predicts a significant surge for Bitcoin but also envisions a renaissance for Ethereum. He suggests that with a supportive regulatory framework, Ethereum could witness an explosion in the creation of digital assets, from stablecoins to tokenized securities. “I would say my forecast for Bitcoin isn’t that different… but I think the big major change is you can see $500 trillion of conventional assets getting tokenized to become digital assets,” said Saylor. Interestingly, MicroStrategy’s leader pivot aligns with BlackRock’s (NYSE: BLK) vision regarding tokenization on Ethereum . BlackRock also has a deployed fund, BUIDL, focused on tokenization , in partnership with Securitize. This perspective has implications for corporate strategies, as highlighted by Vivek Ventures in a post on X: “Saylor is pivoting from a zero-sum Bitcoin-maxi future to a positive sum future where we see an Ethereum Renaissance. This opens the door for a corporate ETH treasury playbook to complement MSTR’s BTC strategy. The spotlight will shift to ETH in 2025.” Saylor is pivoting from a zero sum Bitcoin-maxi future to a positive sum future where we see an Ethereum Renaissance This opens the door for a corporate ETH treasury playbook to complement MSTR’s BTC strategy The spotlight will shift to ETH in 2025 ???? https://t.co/8Hdzr0ay0G — VivekVentures.eth ???????? (@VivekVentures) December 27, 2024 The adoption of Ethereum by corporations as part of their treasury strategy could mirror what MicroStrategy did with Bitcoin, potentially leading to more diversified crypto portfolios in the corporate world. Furthermore, ETH could compete for financial products like the recently filed – and waiting for approval – Bitwise Bitcoin Standard Corporations ETF . Michael Saylor weighs in on the future of Ethereum, Bitcoin, and crypto Saylor’s revised stance on Ethereum not only acknowledges its potential but also underscores a broader acceptance of digital currencies beyond Bitcoin. He envisions a future where digital economies thrive with clearer regulations. The investor believes that this will cause the ecosystem for digital assets to grow, supporting exchanges, wallets, and applications. Additionally, he sees an upcoming massive tokenization, where a significant portion of global equity could become digital. This includes tokenized stocks of major companies like Google and Apple, which could become available on personal devices through blockchain. In conclusion, Michael Saylor’s acknowledgment of being wrong about Ethereum marks a pivotal moment in the crypto industry. His insight suggests a future where ETH and other digital assets can coexist and flourish alongside Bitcoin under a more defined regulatory umbrella. This acknowledgment not only validates Ethereum’s potential but also hints at a broader, more inclusive crypto ecosystem in the coming years. As we move into 2025, the spotlight on Ethereum could indeed grow brighter, potentially reshaping corporate investment strategies in cryptocurrencies. Featured image from Shutterstock The post Michael Saylor was wrong about Ethereum; There is a ‘second best’ appeared first on Finbold .
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Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets
![Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl .](/image/6778ecdb2c327.jpg)
Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl . Finbold
MARA CEO Advocates “Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance
In a recent interview with FOX Business, Fred Thiel, CEO of Bitcoin (BTC) mining firm MARA Holdings, advocated an “invest and forget” strategy for retail investors looking to gain exposure to the world’s leading digital currency. Thiel Cites Positive Historical Performance Of Bitcoin BTC continues to trade within the mid-$90,000 range after a recent pullback from its all-time high (ATH) of $108,135. While crypto analysts keep a close eye on the flagship cryptocurrency’s price movements, major BTC holders appear less concerned about short-term fluctuations. Related Reading: Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details Citing Bitcoin’s historical performance, Thiel advised retail investors to adopt a long-term approach. He noted that Bitcoin has closed the year at a lower price only three times in its 14-year history, including during the peak of the COVID-19 pandemic. Thiel stated: My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it. Over two, three, four years, it grows, and that’s what people do. Thiel also emphasized BTC’s consistent growth, highlighting that it has appreciated annually by an average of 29% to 50%. However, BTC remains a high-risk asset, and risk-averse investors may shy away until the asset class achieves broader acceptance or gains official recognition from a major global economy. For instance, the establishment of a US strategic Bitcoin reserve could solidify the cryptocurrency’s legitimacy as an asset and potentially spark a domino effect, encouraging other nations to follow suit. Thiel described such a reserve as a key catalyst for driving Bitcoin’s price to new highs in 2025. Additionally, Thiel pointed to high institutional involvement through Bitcoin exchange-traded funds (ETFs) and favorable digital asset regulations under the Trump administration as other factors that could support BTC’s growth this year. Although Thiel’s advice was aimed at retail investors, recent data suggests that many are already planning to increase their Bitcoin holdings. According to a poll conducted by MicroStrategy CEO Michael Saylor, over 75% of 65,164 respondents intend to end 2025 with more BTC than they started with. The poll reflects growing enthusiasm among retail investors, buoyed by bullish developments in 2024 such as ETF approvals, the Bitcoin halving, and Trump’s election victory in November. More Companies Adding BTC To Balance Sheet Bitcoin adoption among corporations continues to grow. While MARA Holdings already holds BTC on its balance sheet, rival crypto mining company Hut 8 recently expanded its holdings to more than 10,000 BTC. Related Reading: Bitcoin May Surge To $200,000 By Mid-2025 Amid ‘Mild’ Price Pullbacks: Report Other firms, such as Japan-based Metaplanet and Canada’s Rumble, joined the Bitcoin movement in 2024. Additionally, Bitcoin ETFs have accumulated over 1 million BTC in under a year since their launch. However, skepticism remains. Japan’s Prime Minister recently expressed caution about the idea of establishing a strategic Bitcoin reserve, reflecting lingering doubts in some quarters. At press time, BTC trades at $97,229, up 0.7% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com Finbold
