Michael Saylor would be $2.5 billion better off if he invested in Ethereum rather than Bitcoin

MicroStrategy co-founder Michael Saylor has been methodically buying Bitcoin (BTC) and “hodling” close to 160,000 units for the last three years as part of his audacious “Bitcoin Initiative,” but it now seems that he would have been better off placing his money on Ethereum (ETH).

According to a study by Bitcoin Rainbow Chart author Holger Rohm, a.k.a. rohmeo.eth, published on October 9, MicroStrategy might have avoided losing over $400 million at press time if it had invested in Ethereum instead of Bitcoin.

Additionally, the cryptocurrency expert noted that the corporation would have controlled 11% of staked Ethereum (if staked) and would have made “way more from staking than their core business does,” according on information obtained from BlockchainCenter.net.

In fact, Finbold revealed in late September that MicroStrategy had recorded $500 million in unrealized losses at a period when Bitcoin was selling about $26,200, far lower than MicroStrategy’s average purchase price.

The leading decentralized finance (DeFi) asset was trading at $27,515 at press time, down 1.21% in the past 24 hours, down 2.84% in the last 7 days, and up 6.44% on the monthly chart.

Meanwhile, Ethereum’s price was $1,593.93 at the time of writing, down 1.63 percent from the previous day, down 7.97 percent from the previous week, and down 2.4 percent from the previous month, as per the most current data received on October 9.

Saylor’s Bitcoin investment may yet pay out for him in a big way. Numerous crypto experts and investors think the first digital currency still has room for a significant bull run, particularly as its halving event draws near; some even predict it might hit $1 million.

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