TV presenter and founder of Heisenberg Capital Max Kaiser supported the position of the head SEC Gary Gensler that all cryptocurrencies except bitcoin are securities.
Gary’s right.
Everything not #Bitcoin is a security (including ETH & XRP).
We already put this into law in #ElSalvador
We’re #Bitcoin Country and we’re thriving.
I invite @GaryGensler to 🇸🇻 to come and see how we became the leading #BTC country in the world. https://t.co/yfB0vHAsuj
— Max Keiser, sr. bitcoin advisor pres. Bukele 🌋🧢 (@maxkeiser) May 16, 2023
“Gary is right. Anything that is not Bitcoin is a security (including Ethereum and XRP). […] Bitcoin is money, anything else is a security,” he wrote.
Kaiser recalled that El Salvador recognized the first cryptocurrency as a legal means of payment in September 2021. His Twitter profile speaks of moving to the country in November of that year.
“We are a prosperous bitcoin state. I invite Gary Gensler to come and see how we have become the leading bitcoin country in the world,” the investor added.
He also called Ripple “scammers” whose business model is based on the sale of unregistered securities. In the company’s litigation with the SEC, Kaiser supported the side of the regulator.
.@Ripple are crooks. Their business model is selling unregistered securities. The SEC is right to shut them down. https://t.co/gQueVd2GHZ
— Max Keiser, sr. bitcoin advisor pres. Bukele 🌋🧢 (@maxkeiser) May 17, 2023
In August 2020, Kaiser managed to predict the growth of bitcoin above $28,000. In May 2021, he predicted the rise of the first cryptocurrency to $220,000, but this has not yet happened.
Earlier, the head of the SEC repeatedly called altcoins securities. In his opinion, crypto markets are “generally inadequate” and based on a “false notion” of decentralization.
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