Bitcoin Is Steel, Ethereum And Solana Are Balsa Wood And Clay, Warns Michael Saylor—Strategy Chair Says Leveraging ETH, SOL Could Lead To ‘Catastrophe’

Strategy Inc. (NASDAQ:MSTR) executive chairman Michael Saylor cautioned companies against leveraging Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) like Bitcoin (CRYPTO: BTC), stating that it might lead to a “catastrophe.”

What Happened: In an interview with TheBlock that aired Saturday, Saylor likened Bitcoin to steel while comparing Ethereum and Solana to balsa wood and clay bricks. He warned that leveraging these tokens could lead to them buckling under pressure.

The Bitcoin maximalist said that Ethereum and Solana were not commodities but rather tokens. “And so I would caution anybody listening here against leveraging up on a token or a proprietary asset,” he added.