Prominent Bitcoiner again attacks altcoins, praising El Salvador’s president for adopting Bitcoin as legal tender
In his recent tweet, podcaster and former trader Max Keizer quoted another prominent Bitcoin Evangelist, Michael Saylor (former founder and ex-CEO of MicroStrategy), about the head of the CFTC choosing bitcoin as the only commodity among crypto assets.
Max Keiser reminded his Twitter followers that he has been of that opinion since 2011 – when only two years had passed since Bitcoin emerged from the hands of the mysterious Satoshi Nakamoto.
Kaiser once again praised the President of El Salvador, Nayib Bukele, for making BTC his country’s legal tender last year. Yet, this experiment with BTC now appears to be failing. As of this summer, the country’s BTC holdings dropped by 50% after the bitcoin price dropped to the $20,000 level.
CFTC chairman calls Bitcoin the only commodity in crypto
Michael Saylor shared a link to an article in which Rostin Behnam, chairman of the Commodity Futures Trading Commission, stated that he believes the flagship crypto, Bitcoin, to be the only commodity on the crypto market. He added Ethereum, too.
The CFTC chairman gave a speech during a crypto event at Princeton University, where he expressed great concern about the lack of regulation on the crypto market, citing the recent collapse of FTX as an example of what could happen next. Happened.
He urged lawmakers to act as quickly as possible in this respect, saying that neither players nor regulators in this market have “the luxury of waiting.”
