Michael Saylor, CEO of Microstrategy company, which is the largest institutional Bitcoin investor and holds more than 90,000 BTC, made a statement about the cryptocurrency market.
The famous CEO, who criticizes today’s Chinese bans, underlined that he expects a serious rise in the future for BTC by saying, “Nothing in the last 10 years has brought more wealth than the technologies banned in China.”
Nothing has created more wealth in the past decade than technologies banned in China. #Bitcoin
— Michael Saylor⚡️ (@michael_saylor) September 24, 2021
Saylor, who also made a statement about altcoins during the day, used the following statements:
I think you should sell your altcoins and buy Bitcoin. Everyone is exaggerating the potential of altcoins and underestimating the value of Bitcoin. Stablecoins and many other altcoins will be a problem in the securities category and in the future.”
Saylor, who stated in his previous statements that some altcoins are functional and that they can come to very good places in the future, actually evaluated more than 90 percent of altcoins as “garbage” with this statement.
The famous CEO, who said that the SEC may call altcoins securities in the coming days, and therefore there may be problems in crypto money exchanges from issuing unauthorized securities, also underlined that DeFi platforms must be closed in case of this.
Noting that there is no identity verification, especially on decentralized platforms, and that this is a big problem, the famous name has clearly given the message that his direction is entirely in Bitcoin, although he has made statements especially favoring Ethereum in the past months.