Investment strategist Lyn Alden says that the leading altcoin Ethereum (ETH) is probably a security according to the Howey test.
Leading altcoin security, but not leading cryptocurrency!
cryptocoin.comAs you follow, while the legal battle continues over Ripple, there are opinions that Ethereum is also a security. Now, respected stock research analyst and investment strategist Lyn Alden has sparked a new discussion on Twitter, arguing that Ethereum (ETH) could be a security according to the Howey Test. Alden compared commodities and securities, highlighting the differences in centralization and the potential legal implications of such classifications.
“Commodities need not wait for a group of paid developers to allow their shares to be unstacked,” Alden said. You have securities,” he started the discussion. In response, Erica Wall pointed out the importance of asset classification by statists, not libertarians. Alden clarified his position, explaining that analyzing the level of centralization is useful for understanding the possible consequences of legal action, rather than expressing a personal stance on securities laws. When Erica Wall questioned whether Bitcoin could also be considered a security, Alden replied:
Voluntary (soft fork) updates by developers for a protocol that has never done an ICO itself? No, it’s basically not a security by the current definitions we have.
Alden’s view of Ethereum drew backlash!
Real Vision CEO Raoul Pal joined the discussion, asking whether Alden’s view that Ethereum is a security was an April 1 joke. Confirming his serious stance, Alden said, “No; I think ETH is still a security according to the Howey Test. That doesn’t mean I think any particular action should be taken,” he replied. Alden also noted that the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) appear to be in a jurisdictional fight over Ethereum, creating uncertainty over the altcoin project’s final classification.
Alden’s view of Ethereum as a security has received a lot of attention and backlash from within the cryptocurrency community, particularly from industry leaders like Raoul Pal. It seems that as the regulatory environment continues to evolve, the classification of Ethereum and other cryptocurrencies will continue to be a matter of debate and debate.
“Bitcoin is an attractive investment opportunity”
Alden, who provides stock research and investment strategies for his clients, recently shared his perspective on Bitcoin during an interview for the Swan Bitcoin YouTube channel. In addition, Alden expressed some concerns regarding the second half of the year. He noted that once the debt ceiling is resolved, the U.S. Treasury is likely to try to draw liquidity from the market to replenish its Treasury account. In this context, Alden said:
If the Federal Reserve continues to draw liquidity during this time, it could lead to a rapid decline in liquidity, resulting in negative retests, consolidations and corrections. However, professional traders can try to take advantage of this situation.
Despite these concerns, Alden believes Bitcoin is an attractive investment opportunity, especially from a three to five-year perspective. Based on various metrics, he considers Bitcoin to be a deep value zone. Alden suggests monitoring the fundamentals of the Bitcoin network and assessing its health. He recommends investing in Bitcoin if the network is still working as intended, if there are no major competitors on the horizon, and if all aspects of Bitcoin continue to work as they should. Overall, he believes Bitcoin is a strong buy.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.