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Bitcoin: Merge renders ETH less of a cryptocurrency as per this BTC maximalist
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Bitcoin [BTC] maximalist and Microstrategy board chairman Michael Saylor recently said that the Ethereum [ETH] Merge meant BTC was going to be stronger. Bloomberg reported that Saylor made that statement while attending an Australian conference. According to him, moving from Proof-of-Work (PoW) to Proof-of-Stake (PoS) renders ETH less of a crypto asset. Saylor said,
“Proof-of-Work is the only universally accepted, proven method for creating a digital commodity.”
It may, however, seem that the ex-CEO made some significant points. This is because BTC has been hitting some highs lately. Leading on-chain platform, Glassnode, revealed that the number of addresses holding 1 BTC and more reached another All-Time High (ATH).
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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