Curious Ethereum Statement from BTC Bull Michael Saylor!

Michael Saylor, CEO of MicroStrategy and cryptocurrency leader and Bitcoin (BTC) fan Michael Saylor stirred the cryptocurrency market with his statements to Altcoin Daily. Saylor stated that Ethereum (ETH) is a security.

According to Michael Saylor, Ethereum (ETH) is not a commodity due to its fungibility. According to the American entrepreneur, commodities such as gold, steel and others do not have an issuer and their properties cannot be changed. In addition, according to the famous businessman, Ethereum has an initial coin offering (ICO) and hard forks that can be used to change its properties. Michael Saylor said that a digital asset whose source code can be changed in a way that fundamentally affects its value or issuance passes the Howey Test under securities law. He also emphasized that such securities must be sold with full disclosure of who the developers are and the risks associated with the project. Michael Saylor added that BTC is not a security because it is completely decentralized, there is no initial coin offering and there is little need to change the network's code. BTC Bull Michael Saylor also stated that most cryptocurrency exchanges list unregistered securities on their platforms. Source: Bitcoinsistemi.com The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein, which are in no way directive in nature, are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.