News & Feeds September 18, 2022

Michael Saylor Believes That the ETH Merge Will Strengthen BTC

Michael Saylor, well-known Bitcoin (BTC) supporter and chairman of the MicroStrategy board, recently revealed that he believes the Ethereum (ETH) merge will make BTC stronger, instead of the other way around. Saylor shared this opinion while he was attending a conference in Australia.

The main basis of his argument is his belief that the move to proof-of-stake (PoS) will make ETH less of a crypto asset. Saylor was quoted as saying that “proof-of-work is the only universally proven method for creating a digital commodity”.