Michael Saylor Issues 'Indiana Jones Warning' On Bitcoin (BTC) By U.Today | Old North State Wealth News
Connect with us

US News

Michael Saylor Issues ‘Indiana Jones Warning’ on Bitcoin (BTC) By U.Today



U.Today – Founder and chairman of MicroStrategy business intelligence giant Michael Saylor has issued a new tweet, which contains a warning to those who seek investment tools other than BTC.

Saylor is a vocal Bitcoin evangelist who stood behind the idea of MicroStrategy implementing regular BTC purchases over the past four years. Now, he is promoting the world’s paramount cryptocurrency daily on the X platform.

Saylor issues “Indiana Jones warning” to crypto investors

Being a Bitcoin maximalist, Saylor hints that he believes BTC to be the only crypto in the market. Unlike Max Keiser, he does not openly (and not so frequently) criticize altcoins and does not use the “s-coin” word when talking about them. However, in a recent public statement, Saylor said outright that he believes , SOL, ADA, ETH and other altcoins to be unregistered securities, thus agreeing with the SEC stance.

Saylor said that he expects quite soon all altcoins to become officially labeled as securities, and then only those holding Bitcoin will win. BTC so far is the only cryptocurrency that has been qualified by the SEC and the CFTC as a commodity. has this status as well, however, recently it seems to have become questioned by the SEC leader Gary Gensler. The latter has initiated a real witch-hunt on altcoins and U.S. cryptocurrency exchanges recently for trading them.

Bitcoin plummets by 5%

By now, the price has made a marginal rebound of over 1%, and BTC is changing hands near the $60,920 level.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads

Prominent crypto analyst and trader Michael van de Poppe tweeted yesterday that he expects Bitcoin to follow a scenario that may take BTC to a low of $55,000-$52,000. This is likely to happen, he specified, if Bitcoin loses the range where it is trading at the moment — $61,000-$60,000.

This article was originally published on U.Today

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Copyright © 2022 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.