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    Former CEO of MicroStrategy, Michael Saylor, believes that the SEC will classify Ethereum as a security this summer and reject the corresponding applications for spot ETFs. In his opinion, only BTC has full institutional recognition, calling it the “only universal” institutional-level crypto asset


    He believes that other cryptocurrencies will also receive unregistered status, including BNB, Solana, XRP, and Cardano.

    “None of them will be wrapped by a spot ETF, none of them will ever be accepted by Wall Street…” he says.

    Saylor’s remarks came as many experts expressed concerns about whether the SEC will approve the listing and trading of spot Ether ETFs on U.S. exchanges. The first significant deadlines for ETF applications from VanEck and ARK Invest will be May 23 and May 24, respectively.

    https://preview.redd.it/sugzxoam4y0d1.png?width=400&format=png&auto=webp&s=5671341f1b8c54caf48a2c1ba1c8508284a37bcc

    source: https://36crypto.com/coinbase-ceos-optimism-how-layer-2-scaling-solutions-are-shaping-cryptos-future/

    https://old.reddit.com/r/CryptoCurrency/comments/1cu03ak/former_ceo_of_microstrategy_michael_saylor/

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    4 Comments

    1. aNNyHyLaToR on

      Michael Saylor needs to chill out, he has a very big and heavy bag of BTC so of course is in the best of his interests to put BTC as the only legit one among all. But from there to throwing ETH under the bus is too much, I believe ETH is solid and has a huge potential.