Recently, Bitcoin maximalist Michael Saylor officially buried other cryptocurrencies other than Bitcoin. Saylor suggested that a spot ETF for altcoins, including the leading altcoin Ethereum, would not be possible. Not long after, Cardano inventor Charles Hoskinson reacted to Bitcoin maximalist Michael Saylor. Hoskinson responded to Saylor’s recent statement about ADA, XRP, ETH and other altcoins.
Saylor: They will never have spot ETFs!
cryptokoin.com As we reported, MicroStrategy founder and chairman Michael Saylor stated in his speech at the recent Bitcoin for Corporations 2024 event that he expects Ethereum to be labeled as a security, not a commodity, by the SEC this summer. Likewise, Saylor targeted BNB, Solana, XRP, Cardano and all other altcoins. Saylor was confident that the SEC would consider these cryptocurrencies as unregistered securities.
Additionally, Saylor stated that he never expected Wall Street firms to show interest in these altcoins. In his statement from the stage, Bitcoiner claimed that they will never have spot ETFs for this reason. The event where Michael Saylor gave this speech took place in the first two days of May. Saylor’s claims parallel the narrative of many Bitcoin maximalists. Maximalists often say that Bitcoin is the only cryptocurrency on the market. They state that everything that follows BTC is nothing but centrally unregistered securities. Such tribalists include Jan3 CEO Samson Mow. Mow frequently shares this view during interviews and on podcasts.
Cardano inventor comments on Saylor’s statements
He quoted the tweet containing the speech of Saylor, the creator of Cardano. Hoskinson responded with dark irony, referring to Bitcoiners who constantly accuse him of attacking Bitcoin, and saying that “altcoiners are very toxic” in general. Hoskinson explained that this is true because Bitcoin maximalists have always claimed that “everything except Bitcoin is illegal and a scam.”
Peter Brandt: I’ve never seen anything like Bitcoin!
Former earth commodity trader Peter Brandt published an X post with a bullish prediction on how he expects the BTC price to behave after the current correction. Brandt shared that 2024 is the 53rd anniversary of the first futures market trading. As this big anniversary approaches, the leader praised the cryptocurrency as “the trade of a lifetime.” “There has never been, nor may there be, another market like Bitcoin,” Brandt wrote.
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