Michael Saylor celebrates ‘cryptocurrency renaissance’ under Trump’s executive order
Michael Saylor celebrated what he called a “cryptocurrency renaissance” after Donald Trump signed a pro-crypto executive order. This confirms the upcoming regulatory shift in the cryptocurrency space in the United States, as well as the shift in Saylor’s formerly extreme position on Bitcoin (BTC).
However, the recent post has sparked some controversy among the cryptocurrency group known as “Bitcoin Maximalists.” This faction of BTC supporters believes that Bitcoin is the only legitimate digital asset of value in the world. Its proponents usually call anything that is not bitcoin “shitcoin” or a scam.
For example, calculating the maximum amount of Bitcoin on UndertakerHe asked if “Can we bring this Saylor back?” Undertaker subscriber Image of Michael Saylor’s post from 2022 which paints a different picture than the last post. In the image, the investor says that “those who use the words cryptocurrencies and Bitcoin interchangeably don’t understand either.”
Through MicroStrategy (NASDAQ: MSTR), the CEO has become one of the world’s most keen public BTC collectors. As Finebold reported, the latest purchase extends MSTR’s Bitcoin holdings to an 11th straight week, with over $29 billion invested.
Michael Saylor’s Cryptocurrency Renaissance With Trump’s Executive Order
However, this is not the first time the MicroStrategy CEO has hinted at a change of heart and a gradual shift away from his Bitcoin extremism. On December 25, Michael Saylor admitted his mistake about Ethereum (ETH) in an interview with Daily altcoinsCovered by Finebold.
In the video, the man who once said that “there is no second best” to Bitcoin, presented the idea of a “cryptocurrency renaissance,” arguing that a regulatory shift would favor Ethereum and other cryptocurrencies, increasing their value.
The scenario Saylor predicted in the interview appears to have already begun, as has Donald Trump I fell Executive order outlining the roadmap for a more favorable environment for cryptocurrencies in the United States. One year earlier, in January 2024, Franklin Templeton also signaled a shift from a “laser-focused” approach to Bitcoin, declaring his support for Ethereum, Solana (SOL), and other cryptocurrencies.
Now, crypto-related companies, developers, investors, traders, and users are eagerly awaiting the next “cryptocurrency renaissance,” which could also mark a major shift in the mindset of other Bitcoin extremists like Michael Saylor. This may be the missing driver of what experts call “Altseason,” boosting demand for other legitimate cryptocurrencies besides Bitcoin.
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