Saylor believes that such"wildcat" banks are a"liability" to Bitcoin.cannot be used interchangeably since they are two completely different things. Those investors who cannot tell the difference between them are ignorant, Saylor says:Bitcoin is exactly the diametrically opposite of just about everything else in the crypto space. The fact that they are actually conjoined is one of nature’s great ironies.
Moreover, the MicroStrategy boss says that a lot of traditional mainstream investors are hesitant to dip their toes into Bitcoin because of altcoins, many of which are unregistered securities. "There are a lot of mainstream banks, mainstream insurance companies…that won't invest in the asset class because of…the slime that gets onto the asset class from all the other unregistered securities," Saylor said.
The investor has urged the U.S. Securities and Exchange Commission to set the record straight about what specific cryptocurrencies qualify as commodities so that they could be set apart from the plethora of unregistered securities. Saylor slammed Tether , claiming that it is an unregistered security"without any transparency." The"never-ending Tether FUD" about whether or not the company is actually solvent will never stop, he warns.
saylor You know what: Ripple is by far the most transparent company of the whole crypto space and got sued by the SEC. So why should other companies do the same and let the regulators come close? Giving a fuck or scamming investors works great so far, thanks to the corrupt SEC.
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