Michael Saylor Says Confidence in Ethereum Has Collapsed

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Strategy chairman Michael Saylor has once again questioned Ethereum’s long-term position in the crypto market. According to him, growing competition from networks like Solana, BNB Chain, Sui, Hyperliquid, and various Layer-2 solutions is weakening Ethereum’s value proposition. Saylor argues that the crypto market is becoming more utility-driven, meaning investors will eventually favor networks that deliver …