MicroStrategy CEO: Bitcoin is a network of crypto assets, Ethereum is a network of applications
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The 55-year-old business executive claimed that ethereum and stablecoins are a network of cryptocurrency applications, not a network of crypto assets like bitcoin.
He further stated that if Ethereum is not included, Bitcoin’s market capitalization accounted for 93.57%:
Bitcoin dominance has risen from a low of 71.05% on December 20, 2017 to 93.57% today.
Image via bitcoindominance.com
This is much higher than the 57.9% figure shown on CoinMarketCap.
The "Bitcoin Dominance Index" (Bitcoin Dominance Index) created by cryptocurrency entrepreneur Jordan Tuwiner considers Bitcoin's share of all PoW (proof-of-work) cryptocurrencies, which can explain why this data and the data on CoinMarketCap are different. difference.
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Mutual exclusion of the currency circle
Saylor even refuses to recognize Ethereum as a cryptocurrency asset, seemingly embracing his role as a Bitcoin Maximalist.
The term was coined by ethereum co-founder Vitalik Buterin in November 2014 to marginalize bitcoin enthusiasts who were skeptical of altcoins (cryptocurrencies other than bitcoin).
The Russian-Canadian programmer’s father, Dmitry Buterin, even sarcastically said that if Saylor’s Proof-of-Work (PoW)-dominated standard has some kind of filter on other cryptocurrencies, then you’re right about everything. .
