Michael Saylor's Bitcoin-Only Prophecy Not Aging Well As Wall Street Embraces $27 Billion In Ethereum ETFs, Buzz Builds Around XRP And Even Dogecoin

Core Viewpoint - Michael Saylor, co-founder of MicroStrategy, initially predicted that no other cryptocurrency besides Bitcoin would achieve institutional acceptance this decade, but recent developments have proven him wrong [4][6]. Group 1: Predictions and Statements - Saylor dismissed the potential of Ethereum, Solana, XRP, and other altcoins, asserting that Wall Street would never accept them [3][4]. - He claimed that none of these altcoins would ever be wrapped by a spot ETF or accepted by mainstream institutional investors [6]. Group 2: Market Developments - Following Saylor's predictions, spot Ethereum ETFs were approved by the SEC, leading to significant inflows of $12.84 billion and total assets of $27.73 billion across nine ETH ETFs [7]. - Applications for spot ETFs related to Solana, XRP, and Dogecoin have also been filed with the SEC by major financial firms like Grayscale, 21Shares, and Fidelity [7]. Group 3: Corporate Treasury Investments - Companies have purchased over $15 billion in ETH for their corporate treasuries, while investments in Solana have reached nearly $1.4 billion [8]. - Saylor has since adopted a more positive view on the growing interest in ETH and other cryptocurrencies, stating it is beneficial for the digital asset space [8].