MicroStrategy CEO Michael Saylor told CNBC on Tuesday he sees a bright future for a range of cryptocurrencies, not just bitcoin.

Saylor, one of the most vocal bitcoin proponents, has over the past year raised the profile of his enterprise software company by investing heavily in the world’s largest cryptocurrency by market value.

In an interview Tuesday on “Fast Money,” Saylor said different cryptocurrencies serve different purposes, but it might take time for newcomers to the digital asset space to recognize those distinctions.

For example, Saylor said, he sees bitcoin as “digital property” and a store of value, while ether and the Ethereum blockchain seek to disrupt traditional finance.

“You’re going to want to build your buildings on a solid footing of granite, so bitcoin is made to last forever — high integrity, very durable. Ethereum is trying to dematerialize exchanges and the finance establishment,” Saylor said. “I think that as the market starts to understand these things, there’s a place for everybody.”

source_cnbc.com