Saylor thinks ETH post-merge on Proof-of-Stake is a security.
I think Saylor's a lil jelly tbh.
Thoughts?
I don't know how the idea comes to mind, but that's just ridiculous just because Ethereum moving to PoS, wont make ETH become security. ETH still has utility and people are still using ETH on the Ethereum smart contract, thus make it commodity. It's not just a piece of paper that says you own something.
Basically Saylor has invested a ton into bitcoin, hence why he would like to see bitcoin being the best ever and nothing else getting closer. Looking at the previous bull run, we could say that there was a good case to be made about ETH getting way too close during the bull run.
This means if we have ETH 2.0 and proof of stake there,
and if we have a bull run at the same time, there could be a ton of money going into ETH, not saying it will be at the top and take bitcoins place, but it would go up a lot. This means that some money that could have gone to bitcoin and make Saylor richer, would end up in ETH and he doesn't want that to happen right now.
Maybe we don't need a bull run to see ETH price increase thanks to ETH 2.0 PoS. Just look how the crypto market is in such a boring state of crypto winter. Investors are desperate for anything to hype up and at least, have really strong momentum behind it. ETH 2.0 PoS meets all the criteria so I think it can be a bull on its own. Have you seen how the old LUNA takes all the spotlight? Even in such a sorry state, old LUNA pulls like almost the same amount of trading volume as BTC. FUD news like bad security for ETH post-merge won't be enough to get investors off the hype.
