Bitcoin Maximalist Michael Saylor Predicts XRP, ETH, BNB, and ADA to Never Have ETFs

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The post Bitcoin Maximalist Michael Saylor Predicts XRP, ETH, BNB, and ADA to Never Have ETFs appeared first on Coinpedia Fintech News The MicroStrategy co-founder Michael Saylor, who is also a well-...

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He gave a contrary opinion saying they might never be used as collateral by major stock market investors, and the money markets. \nHis exact words,  “None of them will ever be wrapped by a spot ETF, none of them will be accepted by Wall Street, none of them will be accepted by mainstream institutional investors as crypto assets,” did not fail the crypto community members to lash out at him.\nWhen on stage, Saylor showed his love for Bitcoin to the point he strictly believed that Bitcoin is the only cryptocurrency that might make it to the list of institutional investors’ investments, leaving no room for any other cryptocurrency to compete for that position. \nAccording to the Bitcoin maximalist, Bitcoin is a single, unified cryptocurrency with universal acceptance in the world of institutional investments.\nCommunity Reactions\nThese deliberate articulations by Saylor annoyed a lot of people in the crypto community, which in turn gave rise to a massive backlash. \nXRP lawyer Bill Morgan’s response was another objection to the fact that Saylor interpreted the contrast between Ripple the company and XRP. Morgan further added on X, “If he is so ignorant that he is confusing Ripple the company with XRP the token and thinks that XRP will be deemed a security (by whomever) when a judge already found XRP itself is not a security why trust what he says about Bitcoin? He is more hostile to the wider crypto ecosystem than Gary Gensler.”\nFurthermore, one of the critics was Charles Hoskinson, the Cardano inventor, who expressed his dissatisfaction on X, stating, Hoskinson highlighted the recurring criticism from Bitcoin maximalists, saying, “‘Bitcoiners: ‘Why is Charles attacking Bitcoin? Altcoiners are so toxic.’ Bitcoin Maxi’s: ‘Literally everything but Bitcoin is illegal and a scam.’”\nAlso Check Out : Bitcoin Recovers Finely, Yet the Bearish Clouds Haunt the BTC Price Rally!","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432656113"}