Michael Saylor celebrates ‘The Crypto Renaissance’ under Trump’s executive order
Michael Saylor celebrated what he is calling “The Crypto Renaissance” after Donald Trump signed a pro-crypto executive order. This confirms the so-awaited crypto regulatory shift in the United States, and also a shift in Saylor’s formerly known Bitcoin (BTC) maximalist stance.
The recent post, however, has created some controversy among the cryptocurrency group known as “Bitcoin Maximalists.” This faction of BTC supporters believe Bitcoin is the only legitimate and worth digital asset in the world. Usually, its supporters will call everything that is not BTC a “shitcoin” or a scam.
For example, the Bitcoin maximalist account on X, Pledditor, asked if “Can we bring this Saylor back?” Pledditor shared the image of a Michael Saylor’s post from 2022 that paints a different picture from the recent post. In the image, the investor says that “Those using the words crypto and Bitcoin interchangeably understand neither.”
Through MicroStrategy (NASDAQ: MSTR), the executive has become one of the world’s most eager public BTC accumulator. As Finbold reported, the most recent purchase extended MSTR Bitcoin acquisitions for the eleventh consecutive week, investing over $29 billion.
Michael Saylor’s Crypto Renaissance with Trump’s executive order
Yet, this is not the first time MicroStrategy’s executive hints at a change of mind and a gradual shift from his Bitcoin maximalism. On December 25, Michael Saylor admitted being wrong about Ethereum (ETH) in an interview to Altcoin Daily, which Finbold covered.
In the video, the man who once said that “there is no second best” after Bitcoin, introduced the “Crypto Renaissance” idea, arguing that a regulatory shift would favor Ethereum and other cryptocurrencies, increasing their value.
The scenario Saylor forecasted in the interview seems to be playing out, as Donald Trump signed an executive order that sets the roadmap for a far more favorable environment for cryptocurrencies in the Unites States. One year ago, in January 2024, Franklin Templeton had also signaled a shift from a “laser focused” approach to BTC, declaring support to Ethereum, Solana (SOL), and other cryptocurrencies.
Now, crypto-related businesses, developers, investors, traders, and users are eagerly awaiting the upcoming “Crypto Renaissance,” which could also pose a significant shift in mentality for other Bitcoin maximalists like Michael Saylor. This could be the missing trigger for what experts call an “Altseason,” boosting demand for other legitimate cryptocurrencies besides BTC.
Featured image from Shutterstock
