Bitcoin’s largest owner is confident of Ethereum’s problems in the coming years

Michael Saylor, CEO of MicroStrategy Corporation, which is the largest commercial owner of the VTC, shared his opinion on the future of Ethereum — Saylor is convinced that Ethereum will face problems in the coming years.

According to the MicroStrategy CEO, it will take several years for Ethereum to stabilize after the transition to the PoS consensus mechanism. According to Sailor, it is important for investors to see a ready-made version of the protocol that will work without bugs for 5−10 years. According to Michael Saylor, large-scale Ethereum updates open up new unlimited opportunities for hackers.

As a reminder, Ethereum developers will soon begin the final phase of the blockchain’s transition from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). Developer Tim Bako named September 19 as the day when the merger could happen. And Vitalik Buterin advised users who are skeptical of PoS to invest in Ethereum Classic (ETC), which was launched in 2016 as a hard fork of Ethereum. At the time of writing, Ethereum is trading at $ 1656.