Michael Saylor of MicroStrategy has caused a stir in the crypto community with his recent predictions regarding the future regulation of major altcoins like Ethereum, XRP, BNB, Cardano, and Solana. Saylor suggested that these cryptocurrencies may be classified as securities by the SEC, making it difficult for them to be accepted by large investors. He specifically mentioned that Ethereum, XRP, BNB, ADA, and SOL could potentially be deemed unregistered securities by the SEC in the upcoming months. Contrary to popular belief, Saylor also argued that these cryptocurrencies would not be utilized as collateral by major exchange investors and money markets.

Saylor further emphasized that none of these cryptocurrencies are likely to be offered as spot ETFs, accepted by Wall Street, or considered as crypto assets by mainstream institutional investors. Despite facing criticism from the crypto community for his strong views, Saylor continued to express his unwavering support for Bitcoin. He firmly believes that Bitcoin is the only viable cryptocurrency for institutional investors and will remain uncontested in this regard. Saylor, a proponent of Bitcoin maximalism, highlighted that Bitcoin is universally accepted and holds a unique position in the world of institutional investments.