Michael Saylor’s Controversial Statement: These Assets Will Never Have ETFs! – A Deep Dive into Crypto Coins and Symbols

MicroStrategy Founder’s Bold Predictions Stir Crypto Community

MicroStrategy co-founder Michael Saylor has sparked controversy within the crypto community with his predictions about the regulatory future of major altcoins such as Ethereum (ETH), XRP, BNB, Cardano (ADA), and Solana (SOL) at the recent Bitcoin for Corporations 2024 event.

Saylor’s Aggressive Stance on Altcoins

In his pointed remarks on May 1 and 2, Saylor predicted that these top cryptocurrencies would be declared securities by the SEC, making it a challenging path for large investors to accept crypto. He specifically forecasted that Ethereum, the second-largest cryptocurrency, along with other significant tokens like XRP, BNB, ADA, and SOL, would likely be labeled unregistered securities by the SEC this summer. Contrarily, he stated that they would never be used as collateral by large exchange investors and money markets.

“None of them will be offered as a spot ETF, and none of them will be accepted by Wall Street. None of them will be accepted as crypto assets by mainstream institutional investors,” Saylor’s definitive words did not deter members of the crypto community from attacking him.

While on stage, Saylor demonstrated his love for Bitcoin, firmly believing that Bitcoin is the only cryptocurrency that can make it onto the investment lists of institutional investors, leaving no room for any other cryptocurrency to compete for this position. According to the Bitcoin maximalist, Bitcoin is the only universally accepted, unified cryptocurrency in the world of institutional investments.