MicroStrategy CEO Michael Saylor appears to be warming up to Ethereum

MicroStrategy CEO Michael Saylor made some rare comments about Ethereum, the second-largest cryptocurrency, during his June 15 appearance on CNBC’s Fast Money.  
 
The Bitcoin bull claims that Ethereum is trying to dematerialize exchanges and the finance establishment:  

I think, as the market starts to understand these things, there’s a place for everybody.    

Saylor clearly remains a Bitcoin maximalist, saying that the flagship cryptocurrency is “the highest, most dominant digital property network.”

MicroStrategy currently owns 91,326 Bitcoins, and plans to buy more after recently raising $500 million worth of debt. On top of that, the company announced a $1 billion stock offering earlier this week.

“Cash was trash”

In his latest interview, Saylor says that his company’s investors claimed that cash was a liability on MicroStrategy’s balance sheet.

The Bitcoin bet has increased the power of the brand “by a factor of 100,” according to the billionaire.

Apart from making a killing with its cryptocurrency investment, MicroStrategy’s software business also had its best quarter in history:

The core business is up 10 percent. The Bitcoin business is driving shareholder returns. I think the employees are happy, the shareholders are happy.

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