Michael Saylor once called Ethereum an unregistered security and questioned the possibility of an Ethereum-based ETF. He shared these doubts on the Altcoin Daily YouTube channel and sounded unsure about Ethereum’s future. Now, he admits he may have misread the cryptocurrency landscape. His view changed during the second quarter of 2024, when Donald Trump’s support for the crypto community began to shift public opinion. This unexpected move sparked fresh interest among investors who wondered if the war on crypto would continue or if a more forgiving regulatory framework would emerge.
Saylor recognized that the crypto industry is broad and not limited to Bitcoin. He once believed Bitcoin was the only digital asset that deserved commodity classification. He thought Ethereum would stay in a regulatory gray zone for a long time. Then he saw new signs that showed why Michael Saylor reconsidered Ethereum’s potential. He started to think that the future regulatory framework for Bitcoin, Ethereum, and altcoins could bring an end to the war on crypto. Because of this, he now believes Ethereum might enter a period of significant growth alongside Bitcoin.
He also noted that an Ethereum-based ETF could gain traction and spark more interest in both Ethereum and Bitcoin. Observers have asked, will Bitcoin remain the only commodity in the crypto space? Saylor’s changing perspective on Ethereum in 2024 suggests two scenarios for Bitcoin and Ethereum’s regulatory classification. In the first scenario, Bitcoin would be the only asset to earn commodity status, leaving Ethereum to face securities regulation from the SEC. In the second scenario, Ethereum would qualify as a commodity too, which would remove concerns about it being an unregistered security.
Saylor leans toward the second scenario, especially now that Donald Trump’s support influenced crypto sentiment in a positive way. This shift led many people to ask, is the war on crypto ending? Exploring new regulations in 2024 reveals that lawmakers might ease harsh measures against digital assets. Under this approach, Ethereum might benefit from clarified crypto regulations that could spark a crypto renaissance. Saylor believes this new wave of acceptance would draw more participants to the crypto community. Investors foresee a future with more certainty, which might boost both Bitcoin’s path to a major rise and Ethereum’s progress.
Some experts think the impact of Ethereum-based ETFs on the broader cryptocurrency market could be profound. If these ETFs receive approval, Ethereum could see a flood of new capital. This might put Ethereum in the same league as Bitcoin from a mainstream investor perspective. Saylor now believes that neither asset overshadows the other. Instead, each plays a separate role that supports the overall crypto industry. Both stand to gain from a fair regulatory framework that protects consumers while allowing innovation.
People who follow these developments wonder if they can trust Saylor’s new take. He admits his old view might have been too narrow and focused only on Bitcoin. He now welcomes the idea that Ethereum and other altcoins can thrive in a more diverse market. He sees how a solid regulatory framework could spark a surge in the crypto industry. A bigger audience would mean more capital, more development, and stronger projects, leading to a positive growth outlook for Bitcoin and Ethereum.
Bitcoin could continue to rise if it remains the top commodity in the eyes of regulators. At the same time, Ethereum could draw more developers if it escapes the threat of securities regulation. That freedom would encourage decentralized finance and other on-chain applications that rely on Ethereum’s technology. The idea of these networks co-existing under clear rules excites enthusiasts who have waited for mainstream acceptance. It no longer seems strange to imagine a near future with approved Ethereum-based ETFs that bring institutional money and push crypto assets toward larger markets.
Saylor thinks Bitcoin’s commodity status is solid. He also believes Ethereum’s move to proof-of-stake does not prevent it from possibly earning the same status. He suggests that Ethereum’s ability to adapt could help it hold onto its core value and remain decentralized enough to satisfy regulators. Some observers predict the SEC will make key decisions that shape how cryptocurrencies fit into the legal landscape. Saylor feels that if authorities see Ethereum’s capacity for growth, they might support its standing as a viable commodity. That development would elevate the entire crypto community, which wants relief from fear and uncertainty. By embracing both Bitcoin and Ethereum under a clearer regulatory framework, investors stand to benefit from a market that encourages new ideas, stable investment, and significant growth.
