Ex-crypto trader Max Keiser believes that, with the exception of bitcoin, all other crypto assets are securities.
Crypto Tokens As Securities
In a recent tweet, Keiser referred to a statement made by a very bullish bitcoin trader, Micheal Saylor, in which he stated that the cryptocurrency bitcoin is the only recognizable commodity asset among all crypto assets, which is also in accordance with the head of the Commodity Futures Trading Commission (CFTC).
Kaiser went on to remind his Twitter followers that he had felt that way for a long time and had held that view which dates back to the two years following the creation of Bitcoin by the anonymous Satoshi Nakamoto.
But does Kaiser still believe this?
Kaiser also weighed in and praised El Salvador’s President for implementing and deploying Bitcoin as legal tender in his country.
However, his dwindling views believe that the Bitcoin concept has proven to be a failure.
Reconciling the reports from the year and this recent crash, Bitcoin has crashed in several series, reaching new lows at every opportunity.
El Salvador’s bitcoin reserves and holdings have dropped by more than 50% this crypto winter alone.
This occurred after bitcoin reached the anticipated $20,000 mark, as predicted by crypto experts.
He claimed in his tweet that, removing Bitcoin as a security, there are other crypto assets he can consider as securities. He further supported this by pointing out that El Salvador passed this law when it first recognized Bitcoin as a legal tender in his nation.
Bitcoin Classified As The Only Commodity Asset
Saylor, a bullish Bitcoin trader, shared a link to an article discussing assets that are or are not securities. The CFTC chairman gave his opinion on cryptocurrency tokens in this article, stating that he thinks Bitcoin is the only cryptocurrency that stands out as a commodity in the cryptocurrency market and, more broadly, he also added the Ethereum coin.
Additionally, the chairman of CFTC has expressed his worry and concern about the current state of the market and the recent crash that occurred. He is dissatisfied with the market’s lack of regulations, which he believes will bring order and manage risk in the market.
He has urged and beckoned lawmakers and regulators to address the regulation issue as soon as possible and ensure that effective regulatory directives are issued to crypto communities and the crypto space in general.
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