1confirmation Founder: Institutional Holdings in ETH Are Healthier Than Those in BTC
According to ChainCatcher, Nick Tomaino, founder of crypto venture capital firm 1confirmation, stated on social media, "The fatal flaw in Strategy is that Michael Saylor holds 10% of the company's equity but controls 45% of the voting rights, while the company holds 3.3% of the total Bitcoin supply. He appears on television every day as a 'Bitcoin spokesperson.' Clearly, Wall Street does not want him to become wealthier."
In contrast, Tom Lee's shareholding is far less than Michael Saylor's, and companies like SBET, ETHZ, and GAME are making progress, with no one monopolizing Ethereum holdings. This is also why Wall Street and the public will support ETH in a way different from BTC."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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