Advertisement
AD

Main navigation

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

Advertisement
Thu, 1/12/2022 - 14:41
Max Keiser Claims All Crypto But Bitcoin Are Securities, Here's Why
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

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.

Advertisement

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.

Advertisement

Related

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."

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD