During his speech at the Blockchain Economy Summit in Istanbul, MicroStrategy CEO Michael Saylor criticized Ethereum on the eve of The Merge update. Writes about it CoinMarketCap.
He is confident that more time is needed to stabilize Ethereum.
Saylor also believes that it is important for institutional investors to see the final version of the protocol working without hacks for 5-10 years. And big upgrades to The Merge level open up new opportunities for hackers, he added.
The CEO of MicroStrategy admitted that Ethereum could be unstable in the next three years. He also recalled that the monetary policy of cryptocurrency can be transformed in the coming years, while the principles of issuing and mining bitcoin are determined for the next 1000 years.
Finally, he expressed the opinion that investors should be sure that their assets will not lose their value due to a possible increase in the number of coins in circulation. Therefore, he does not invest in Dogecoin and shares of some large technology companies.
Formerly Sailor urged to classify Ethereum as a securitysince the asset was originally distributed among investors as part of the ICO.