Do you think Michael Saylor will buy Kadena if it gets deemed a digital property? US-based software developer MicroStrategy CEO Michael Saylor has once again questioned the regulatory status of ethereum (ETH), arguing that it can be best classified as digital security. On the other hand, he insisted that there is no doubt that bitcoin (BTC) is a digital property, and thus not subject to regulatory headaches.Saylor, who has appeared on a recent episode of the UpOnly podcast, said that the most important thing for a long-term crypto investor to understand is the political status of a cryptoasset — i.e., is it a cryptocurrency, a crypto property, or crypto security. “As far as I can see, Bitcoin is a crypto property and by property, it means it’s viewed as a fair, common piece of property beyond the control of a company or a group of individuals,” Saylor said, adding that it is pretty challenging to create a property.Bitcoin was created by the pseudonymous Satoshi Nakamoto, who released the original Bitcoin white paper in 2008. The coins are created through mining, which means there never was a pre-mine or an initial coin offering (ICO). Bitcoin uses the proof-of-work (PoW) mechanism, which is according to Saylor a “fair distribution.”
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*Nothing I state or express should be considered professional advice. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. I do not advise that you buy sell trade or hodl any digital asset of any kind. You should always consult with your own finical advisor before making any investment decisions*
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