U.Today – The founder and president of business intelligence giant MicroStrategy, Michael Saylor, has posted a new tweet containing a warning for those looking for investment tools other than BTC.
Saylor is a vocal Bitcoin evangelist who supported the idea of MicroStrategy implementing regular BTC purchases for the past four years. Now, he is promoting the world's largest cryptocurrency on the X platform daily.
Saylor Issues 'Indiana Jones Warning' to Cryptocurrency Investors
Being a Bitcoin maximalist, Saylor hints that he believes BTC is the only cryptocurrency on the market. Unlike Max Keiser, he does not openly (and not as often) criticize altcoins and does not use the word “s-coin” when he talks about them. However, in a recent public statement, Saylor openly said that he believes SOL, ADA, ETH and other altcoins are unregistered securities, so he agrees with the SEC's stance.
Saylor said he hopes that very soon all altcoins will be officially labeled as securities, and then only those who own Bitcoin will win. So far, BTC is the only cryptocurrency that has been qualified by the SEC and CFTC as a commodity. Although he also has this status, he recently appears to have been questioned by SEC leader Gary Gensler. The latter has recently started a real witch hunt against altcoins and American cryptocurrency exchanges to market them.
Bitcoin plummets 5%
By now, the price has seen a marginal bounce of over 1% and BTC is changing hands near the $60,920 level.
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Prominent cryptocurrency trader and analyst Michael van de Poppe tweeted yesterday that he expects Bitcoin to follow a scenario that can take BTC to a low of $55,000-$52,000. This is likely to happen, he specified, if Bitcoin loses the range in which it is currently trading: between $61,000 and $60,000.
This article was originally published on U.Today.
