Bitcoin advocate Michael Saylor recently made bold statements regarding Ethereum (ETH), categorizing it as a security rather than a commodity. Speaking at the MicroStrategy World 2024 conference, Saylor expressed his belief that Ethereum, along with other altcoins like BNB, Solana ($SOL ), Cardano ($ADA ), and $XRP , will be classified as securities by the SEC. He also predicted that spot Ethereum ETFs will not be approved by the SEC and emphasized Bitcoin as the only cryptocurrency with institutional acceptability. Saylor's remarks reflect ongoing debates over the regulatory status of various cryptocurrencies and their potential impact on institutional investment.
