Michael Saylor Issues "Indiana Jones Warning" on Bitcoin (BTC)

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Saylor said that he expects quite soon all altcoins to become officially labeled as securities and then only those holding Bitcoin will win. BTC so far is the only cryptocurrency that has been qualified by the SEC and the CFTC as a commodity. Ethereum has this status as well, however, recently it seems to have become questioned by the SEC leader Gary Gensler. The latter has initiated a real witch-hunt on altcoins and US cryptocurrency exchanges recently for trading them.

By now, the price has made a marginal rebound of over 1% and BTC is changing hands near the $60,920 level. Prominent crypto analyst and trader Michael van de Poppe tweeted yesterday that he expects Bitcoin to follow a scenario which may takeThis is likely to happen, he specified, if Bitcoin loses the range where it is trading at the moment - $61,000 - $60,000.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.

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Source: Digital Coin News (digitalcoinnews.net)

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