MicroStrategy CEO Warned EU About Bitcoin

MicroStrategy CEO warned EU about Bitcoin. Michael Saylor made statements about the new regulation of the European Union.

Michael Saylor, shared on his Twitter account about the European Union's cryptocurrency bill, which aims to limit the use of the Proof of Work (PoW) consensus mechanism. MicroStrategy CEO Michael Saylor warned EU lawmakers against banning Bitcoin (BTC). Saylor called the ban a trillion-dollar mistake, calling on other members of the cryptocurrency industry to oppose this provision. MicroStrategy CEO Michael Saylor tweeted as follows: "The only established method of creating digital property is Proof of Work. Non-energy-based crypto approaches like Proof-of-Stake should be considered securities until proven otherwise. Banning digital property would be a trillion-dollar mistake." As it will be remembered, the bill aimed to restrict proof of work for certain reasons. As it is known, the last-minute fix of Proof of Work was shelved due to the reactions. Finally, Michael Saylor argues that non-energy-based crypto approaches such as Proof-of-Stake should be considered securities until proven otherwise.