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Max Keiser Claims All Crypto But Bitcoin Are Securities, Here's Why

Thu, 12/01/2022 - 14:41
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Yuri Molchan
Prominent Bitcoiner again attacks altcoins, praising El Salvador's president for adopting Bitcoin as legal tender
Max Keiser Claims All Crypto But Bitcoin Are Securities, Here's Why
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In his recent tweet, Max Keiser, podcaster and former trader, has quoted another major Bitcoin evangelist, Michael Saylor (former founder and former CEO of MicroStrategy), about Bitcoin getting picked by the head of the CFTC as the only commodity among crypto assets.

Max Keiser reminded his Twitter followers that he has been of that opinion since 2011 – when only two years had passed since Bitcoin emerged from the hands of the mysterious Satoshi Nakamoto.

Keiser once again praised president of El Salvador Nayib Bukele for making BTC the legal tender of his country last year. Still, this experiment with BTC looks more like a failure now. As of this summer, the country's BTC holdings plummeted 50% in worth after Bitcoin price dropped to the $20,000 level.

CFTC chairman calls Bitcoin the only commodity in crypto

Michael Saylor shared a link to an article in which Rostin Behnam, chairman of the Commodity Futures Trading Commission, stated that he believes the flagship crypto, Bitcoin, to be the only commodity on the crypto market. He added Ethereum, too.

David Gokhshtein Says He'd Go with ETH over BTC, Here's Why

The CFTC chair gave his speech during a crypto event at Princeton University, where he expressed big concerns about lack of regulation on the crypto market, giving the recent FTX collapse as an example of what the aftermath of this can be.

He urged lawmakers to act as quickly as possible in this respect, saying that neither players nor regulators in this market have "the luxury of waiting."

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at