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Michael Saylor allowed the instability of Ethereum

The head of MicroStrategy, Michael Saylor, during a speech at the Blockchain Economy Summit in Istanbul, criticized Ethereum on the eve of The Merge update. This is reported CoinMarketCap.

According to him, additional time may be required to stabilize the second-largest cryptocurrency by capitalization.

Saylor noted that it is important for institutional investors to see the finished version of the protocol working without hacks for 5-10 years. Massive 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 the cryptocurrency may change in the coming years, while the principles for issuing and mining bitcoin are determined for the next 1000 years.

According to Saylor, investors need to 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.

Recall that in July, Saylor called for Ethereum to be classified as a security, since the asset was initially distributed among investors as part of ICO.

Earlier, the head of MicroStrategy said that the company does not intend to sell bitcoin even under adverse market conditions.

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