Is Michael Saylor Dismissing the Future of Altcoins Too Soon?

The altcoin market has surged 16% in the past few weeks, a sharp rebound that directly challenges the long-held, skeptical view of influential Bitcoin advocate Michael Saylor.

While Saylor is famous for his unmatched belief in Bitcoin, he has shown little interest in the idea that other cryptocurrencies could see similar success.

Saylor is one of Bitcoin’s greatest advocates and has led the foremost Bitcoin-focused asset management company, Strategy. The digital assets investment firm recently added more Bitcoins to its portfolio, bringing its total BTC holdings to 582,000 BTC, worth $63.85 billion.

Saylor’s streamlined focus on Bitcoin reflects a non-interest appeal towards altcoins, especially his reserved approach to the digital asset class. The Bitcoin investor believes regulation will not allow altcoins to grow like Bitcoin, considering the involved in determining the framework for altcoin classifications, which has affected their growth.

The latest trend in the altcoin market, however, seems to challenge Saylor’s view. According to TradingView’s data, the altcoins market cap has surged 16% in the past few weeks, indicating an upward reversal since the beginning of the second half of 2025. The metric bounced off support at $1.01 trillion around the final week of June to reach an impressive $1.18 trillion in the first week of July.

Notably, the altcoins market has sustained the newly discovered bullish moment despite a slight pullback, and most of the top altcoins, including Ethereum, XRP, and ADA, are surging impressively.

For instance, Ethereum, the largest altcoin by market cap, has gained over 25% in less than three weeks, while XRP gained around 23% over the same period.

ADA’s 19.92% profit aligns with the growing altcoin market trend, which has significantly affected Bitcoin’s market dominance. The relative metric has dropped by 1.57% to 64.95% at the time of writing, despite surging to 66.03% on June 27, 2025.