Bitcoin
Michael Saylor Issues ‘Indiana Jones Warning’ About Bitcoin (BTC) By U.Today
U.Today – The founder and president of business intelligence giant MicroStrategy, Michael Saylor, has issued a new tweet, which contains a warning for those looking for investment tools other than BTC.
Saylor is a vocal Bitcoin evangelist who has championed the idea of MicroStrategy implementing regular BTC purchases for the past four years. Now, he is promoting the world’s most important cryptocurrency on the X platform daily.
Saylor issues “Indiana Jones warning” to crypto investors
Being a Bitcoin maximalist, Saylor suggests that he believes BTC is the only crypto on the market. Unlike Max Keizer, he does not openly (and not that often) criticize altcoins and does not use the word “s-coin” when talking about them. However, in a recent public statement, Saylor openly said that he believes SOL, ADA, ETH and other altcoins are unregistered securities, thus agreeing with the SEC’s position.
Saylor said he hopes that 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 qualified by the SEC and CFTC as a commodity. has that status as well, however, it recently appears to have been questioned by SEC leader Gary Gensler. The latter recently started a real witch hunt on US altcoins and cryptocurrency exchanges to trade them.
Bitcoin plummets 5%
So far, the price has seen a marginal recovery of over 1%, and BTC is changing hands near the $60,920 level.
Third-party advertising. It is not an offer or recommendation from Investing.com. See disclosure here or
remove advertisements
.
Prominent crypto analyst and trader Michael van de Poppe tweeted yesterday that he expects Bitcoin to follow a scenario that could take BTC to a low of $55,000 to $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.