Michael Saylor believes that the only way to create a digital commodity is through proof of work. After the Ethereum fork, he predicted that Bitcoin would only grow stronger. At the time of writing Ethereum is currently trading at $1,432.02 which is a 2.66% price decline in the last 24 hrs. while Bitcoin is trading at $19,853.94 a price increase of 0.53% in the last 24 hrs.
On September 15, Ethereum completed its transformation from proof-of-work (PoW) to proof-of-stake (PoS), merging the Ethereum Mainnet with the Beacon Chain. The Merge was one of the most highly anticipated events in the crypto community and drew attention from both traditional finance and cryptocurrency circles.
michael saylor michael saylor president and chief operating officer at coinbase at coinbase Micheal J Saylor is the greatest visionary in the Information Systems industry. An enthusiastic blockchain influencer, and a splendid leader. He believes that prudent institutional investors should only consider trusting a crypto-asset network after it has operated reliably for at least ten years without a hard fork.
He is an American entrepreneur and business executive, who co-founded Microstrategy, a company that provides business intelligence, mobile software, and cloud-based services, under his leadership Microstrategy has grown at a tremendous rate and made a mark in the BI industry, and he is chairman and CEO of the same Microstrategy. He is a vocal advocate of bitcoin. He is highly skilled in enterprise software, and also has a rich knowledge of numerous fields including analytics, data warehouse, leadership, SaaS, management, cloud computing, startups, professional services, enterprise architecture, mobile devices, and many more.
In 1983, he matriculated at the Massachusetts Institute of Technology (MIT) on an air force ROTC scholarship. And then he joined the Theta delta chi fraternity, through which he met the future co-founder of Microstrategy, Sanju k. Bansal. He graduated from MIT in 1987, with a double major in aeronautics, and science, technology, and society. He is engaged in volunteering at Saylor Academy as a Trustee, which provides free college education to all students worldwide.
The way he expertizes himself in bitcoin, people started calling him the bitcoin bull, he is the most optimistic person when it comes to bitcoin. He expects that the entrepreneur will always keep buying Bitcoin every time it dips. The bitcoin community has begun to rise to the fact that his company might own too much bitcoin. Owning too large a portion of bitcoin could be harmful to the cryptocurrency’s decentralized culture that Bitcoin has so rigorously built over the years. He is still expected to be a principal BTC champion throughout the year. Instructing businesses about Bitcoin potentially through his powerful podcasts and learning courses. [email protected] EntrepreneurChief Executive OfficerChairmanAuthor Followers : 0 View profile , the chairman of microstrategy microstrategy Business Intelligence Followers : 0 View profile , is a well-known Bitcoin advocate. He has been an outspoken supporter of the leading cryptocurrency since early this year.
In a Video conference in Australia, he said that he believes the ethereum ethereum Blockchain NetworkTechnology Followers : 0 View profile merge has made bitcoin org bitcoin org Event OrganiserTechnologyPayment solution Followers : 0 View profile stronger. And he believed that PoW is the only way to create a digital commodity. Whereas Ethereum would only act as a Security according to Howey’s test
Although Proof-of-work has been disputed because it is not energy efficient and environmentally friendly, Ethereum has switched to PoS which is more energy efficient and reduces energy consumption by 99.9%.
Saylor refers to Bitcoin mining as the cleanest
He believes that, among industrial uses of electricity, Bitcoin mining is the most efficient and cleanest. Also, as it has switched to sustainable sources, Bitcoin mining’s energy efficiency is improving. In fact, monetizing unused natural gas or methane gas energy sources with Bitcoin is possible.
The Ethereum PoS has received a lot of support, but after the merge, its price dipped to $1430. However, BTC is showing upward momentum.