Michael Saylor, executive chairman of strategy and Bitcoin’s Maxialist, showed no signs of concern about the growing Treasury interest in ether or other cryptocurrencies.
“I think there’s an explosion of innovation across the crypto economy. In margins, it’s good for everyone in the digital assets space,” Saylor said in an interview with Bloomberg on Friday.
Saylor says he’s “focusing like a laser” on Bitcoin
“I still think that a large portion of the capital flows through space is flowing into Bitcoin,” he added. According to TradingView data, Bitcoin (BTC) dominance measures Bitcoin’s share across the Crypto market, at 60.18% at the time of publication.
Saylor also noted that over the past six months the number of companies holding Bitcoin has risen from around 60 to 160.
According to data from Bitcointreasuries.net, the strategy is the largest Bitcoin Treasury, with 628,791 Bitcoin worth around $741.5 billion. The second largest Mara Holdings holds around 50,639 BTC, more than 12 times its size.
Saylor predicts that Bitcoin will surpass the S&P 500 in the “indefinite future.”
“I think Bitcoin is digital capital,” he added.
Etheric interest bumps are highly anticipated
According to Nansen, his comments came as Bitcoin hit a new history of $123,100 on July 14th, and within a month it reached $123,100.
Meanwhile, Ether (ETH) traded at $4,224 at the time of publication, an increase of 23% over the past 30 days. The Surge followed forecasts from several analysts who foresaw a significant rebound after falling below $2,000 in March.
Many crypto market participants attribute the surge in prices to increased institutional and ETF demand for ether. On Friday, Cointelegraph reported that the market for public companies holding Ether will reach $11.777 billion, led by Bitmine Immersion Technologies and Sharplink Games.
Related: Saylor’s strategy doubles Bitcoin stash since Trump’s election
Bitmine holds 833,100 ETH, worth $3.2 billion.
Sharplink and Ether Machine hold ETH worth $2 billion and $1.34 billion, respectively, while Ethereum Foundation and Pulsechain conclude the top five.
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