Michael Saylor is not sweating the rise of Ethereum treasury companies

Michael Saylor isn’t worried about growing treasury interest in crypto assets beyond Bitcoin, claiming that Bitcoin will outpace the S&P 500 for the “indefinite future.”

Strategy executive chairman and Bitcoin maximalist Michael Saylor showed no signs of worry about the growing treasury interest in Ether and other cryptocurrencies.

“I think there is an explosion of innovation across the entire crypto economy, and on the margin it is good for everybody in the digital asset space,” Saylor said during a Bloomberg interview on Friday.

“I still think the vast majority of capital flowing in the space is flowing into Bitcoin,” he added. Bitcoin (BTC) Dominance, which measures Bitcoin’s share of the overall crypto market, stands at 60.18% at the time of publication, according to TradingView data.