MicroStrategy president Michael Saylor criticized Ethereum in his speech at the Blockchain Economy Summit in Istanbul on the eve of The Merge update. Reported by CoinMarketCap.

According to him, additional time may be required to capitalize the second largest cryptocurrency.

Saylor noted that it is important for institutional investors to see the finished protocol working for 5-10 years without hacking. Major upgrades to The Merge level open up new opportunities for hackers, he added.

MicroStrategy CEO admitted that Ethereum could be unstable in the next three years. He also reminded that the monetary policy of the cryptocurrency may change in the coming years, the principles of Bitcoin extraction and mining are set for the next 1000 years.

According to Saylor, investors need to be sure that their assets will not lose value due to a possible increase in the number of coins in circulation. That’s why it doesn’t invest in Dogecoin and some big tech companies’ stocks.

Recall that in July, Saylor called for Ethereum to be classified as a security, as the asset was initially distributed among investors as part of it. ICO.

Earlier, the head of MicroStrategy said that the company is not considering selling bitcoin even in adverse market conditions.

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