Michael Saylor on SEC regulation
From "Ripple Is Unethical!" - Michael Saylor Destroys Ripple And Ethereum · · Valuetainment Short Clips
“The regulators ought to just be very, very clear. If you were very clear, you'd say, look, you've got like 180 days in order to register your token with the SEC and you register and give us all, fill out these forms, give us all these facts, answer our questions, and we'll tell you whether you're a currency, whether or not you're a commodity, whether or not you're a security, and whether or not you're allowed to trade. And at the end of the 180 days, if you haven't actually registered, you're shut down and nobody can buy and sell and trade this thing anywhere in the world.”
On , Michael Saylor, Former Chairman at MicroStrategy, spoke about SEC regulation during "Ripple Is Unethical!" - Michael Saylor Destroys Ripple And Ethereum on Valuetainment Short Clips.
About Michael Saylor
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has stated that the traditional four-year Bitcoin cycle is "broken," arguing that price action is now driven by institutional demand rather than supply-side halving events. He has described Bitcoin as "going up forever" and predicted the asset could reach $21 million per coin in 21 years. Saylor said Strategy found a bottom for Bitcoin at $60,000 and expects a rally into a "crypto spring." He has also said the company will continue buying Bitcoin at any price level, stating he is "happy to buy at 60,000, 80,000, 120,000, 200,000, 500,000, a million, 2 million, 4 million, 8 million, 16 million." Saylor has focused on promoting Strategy's digital credit product STRC (Stretch), which he described as a "passenger jet" compared to Bitcoin's "fighter jet" and MSTR's "rocket ship." He said the product has grown from zero to $10.5 billion outstanding in 10 months and pays an 11.5% dividend. Saylor acknowledged that Strategy may sell some Bitcoin to fund STRC dividends, a departure from his previous "never sell your Bitcoin" stance, but emphasized the company would buy 10 to 20 times more Bitcoin than it sells. He stated that the company's primary key performance indicator is keeping STRC stable at par, and that Strategy's goal is to increase Bitcoin per share through a mix of equity, credit, cash, and occasional Bitcoin sales.