Michael Saylor’s Controversial Classification of ETH (Ethereum), XRP (Ripple), and ADA (Cardano) as Crypto Securities
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- MicroStrategy Founder, Michael Saylor, predicts that a spot Ethereum ETF will not be approved this summer.
- Saylor labels Ethereum, XRP, Cardano, and other altcoins as unregistered crypto asset securities.
- The future of Ethereum and other altcoin ETFs remains uncertain.
MicroStrategy’s Michael Saylor takes a swipe at Ethereum and other altcoins, predicting a bleak future for their ETF prospects. This article delves into Saylor’s controversial statements and their potential implications.
Saylor’s Stance on Altcoins
Michael Saylor, a well-known Bitcoin advocate, has recently stirred the crypto market with his bold predictions. He made his first Bitcoin acquisition in August 2020 and has since joined the group of Bitcoin maximalists who view other digital currencies as inferior in terms of technology and decentralization. During the recent Bitcoin for Corporation event, Saylor predicted that a spot Ethereum ETF will not be a... Read the full article for FREE at COINOTAG!
