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The CEO of one of the largest bitcoin holders, MicroStrategy, Michael Saylor, has questioned the legal status of ETH.
The CEO of MicroStrategy, in the latest episode of the UpOnly podcast, called Bitcoin the best asset at the moment. At the same time, according to Saylor, the ether is more of a security than a digital property:
“It is important for any investor to understand the legal status of a crypto asset – whether it is digital property or a security. As far as I can tell, bitcoin is digital property and is not controlled by any company or group of individuals.”
The Proof-of-Work (PoW) consensus mechanism is more than fair, while any Proof-of-Stake (PoS) token, Sailor believes, can be classified as a security. According to the head of MicroStrategy, the problem with securities is that they are in the gray zone of regulation:
“In order to invest in securities, you have to be prepared to face a range of challenges – competition, legislation and cyber security issues.”
Recall that recently the CEO of MicroStrategy called bitcoin the best defense against inflation.
#Bitcoin #digital #property #ether #security