Recently, Bitcoin maximalist Michael Saylor officially buried cryptocurrencies other than Bitcoin. Saylor suggested that a spot ETF for altcoins, including the leading altcoin Ethereum, would not be possible. Not long after, Cardano inventor Charles Hoskinson reacted to Bitcoin maximalist Michael Saylor. Hoskinson responded to Saylor’s recent statement about ADA, XRP, ETH and other altcoins.

Saylor: They will never have spot ETFs!

Cryptocoin.com As we reported, Michael Saylor, founder and president of MicroStrategy, said at the recent Bitcoin for Corporations 2024 event that he expects Ethereum to be labeled as a security, not a commodity, by the SEC this summer. Likewise, Saylor targeted BNB, Solana, XRP, Cardano and all other altcoins. Saylor spoke confidently that the SEC will recognize these cryptocurrencies as unregistered securities.

Furthermore, Saylor stated that he never expected Wall Street firms to show interest in these altcoins. This is why they will never have spot ETFs, the Bitcoiner suggested from the stage. The event where Michael Saylor gave this speech took place on the first two days of May. Saylor’s claims parallel the narrative of many Bitcoin maximalists. Maximalists often say that Bitcoin is the only cryptocurrency out there. Everything that follows BTC is nothing more than decentralized securities. Among such tribalists is Samson Mow, CEO of Jan3. Mow often shares this view during interviews and in podcasts.

Cardano inventor comments on Saylor’s statements

He quoted a tweet from Saylor, the creator of Cardano, in which Saylor was speaking. Hoskinson responded with dark irony, referring to Bitcoiners who constantly accuse him of attacking Bitcoin and saying that “altcoiners are very toxic” in general. Hoskinson explained that this is true because Bitcoin maximalists always claim that “anything other than Bitcoin is illegal and a scam.”

Peter Brandt: I’ve never seen anything like Bitcoin!

Former earth commodity trader Peter Brandt published an X post with a bullish prediction on how he expects BTC price to behave after the current correction. Brandt shared that the current year 2024 marks the 53rd anniversary of the first futures market trade. As this major anniversary approaches, he praised the leading cryptocurrency as “the trade of a lifetime.” “There has never been and may never be another market like Bitcoin,” Brandt wrote.