MicroStrategy founder Michael Saylor has recently shifted his stance on spot Ether exchange-traded funds (ETFs), suggesting that the U.S. regulator’s recent approval is beneficial for Bitcoin as well. “Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because I think that we are politically much more powerful supported by the entire crypto industry,” Saylor told Bitcoin podcaster Peter McCormack on the May 25 episode of the What Bitcoin Did podcast. “They serve as another line of defense for Bitcoin,” he continued, following the U.S. Securities
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