Saylor Supports Bitcoin Amid Market Crash, but not Altcoins

Yugocean

Valued Contributor
Recent market crash has put investors in Panic, and many investors are trying to invest out of crypto. Many Crypto platforms are in risk of losing business.

On this time of risk, Billionier Michael Saylor, CEO of MicroStrategy, in his new interview with CNBC's Squawk on the Street, has advises people to see the market fall as an opportunity rather than a threat, and argues people to buy Bitcoin without missing the opportunity.

Later Saylor even shared the meeting outcome of Securities and Exchange Commission (SEC) Chairman Gary Gensler with the Wall Street Journal CFO Network Summit. That meeting was on Crypto legislation, and outcome was claiming most cryptos as "unregistered securities", the Proof-of-Stake (PoS) networks, in particular were considered lacking the important disclosures that are essential to protect investors' interest.
Screenshot_20220616-205657_Twitter.jpg
This seems Saylor although is supporting Bitcoin, however, he does not prefer Altcoins over Bitcoin, not even PoS which are source of passive earning.​
 

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