EXPOSED! Saylor Lied About Ethereum ETFs? TRUTH REVEALED!
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- Опубліковано 12 чер 2024
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*Saylor vs. Crypto ETFs: Caught in a LIE!*
Michael Saylor, MicroStrategy CEO, caused a stir in the crypto community with recent comments questioning Ethereum ETFs. In this video, we unpack his arguments and uncover the latest on a potential Spot Ethereum ETF, and if Ethereum is classified as a security? We delve into this critical question that could shape the future of crypto ETFs. Plus we take a look at the numbers behind the new Hong Kong Bitcoin ETF. Don't miss our expert reaction to Saylor's remarks! Stay ahead of the curve with this comprehensive cryptocurrency news update.
00:00 Intro
00:28 Michael Saylor Said WHAT?
01:21 Proving Saylor WRONG!
01:50 Hong Kong Bitcoin ETF Inflows
02:30 Spot Ethereum ETF
03:00 Is Ethereum A Security?
03:32 Saylor Made Me CRINGE
04:30 Saylor's Disturbing Comments
#bitcoin #cryptonews #etf #bitcoinnews #bitcointoday #crypto
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Is Saylor right or wrong? 🤔
He has said that several times, remember that most of those cryptos where premined and their founders used the money for development, and the expected development was suposed to cause a price increment, therefore if You apply the Howey test they Will result a security. Am I wrong? I do not live in the usa but that is what I have allways understand, Even before Saylore said they where a security. That in the USA, they are a world appart no matter what the laws in the rest of the world Say. The buyers of the icos bought with money the coins as an investment expecting that they Will make a profit with the development (efforts) of the founders (promoters).
The founders of that cryptos could be in trouble if they are inbthe usa or if they sold to an american citizen. Por of them with all their rules Will stay alone in the world and nobody Will want to deal with them.
He's wrong. He just wants to protect his bags.
Not right nor wrong. Just defending his huge investment!!!
Right!
I could never hate you Toby, but I think Saylor makes some strong points. And, by the way, what would be so wrong with ETH being treated as a security like AAPL or other big companies? I don't think much would change. We would still trade it on exchanges like we do today. I'm not in favor of ETH being deemed a security, but if it happened I wouldn't lose any sleep. Good ideas always find a way to come to the fore.
Because if it is declared a security, then to get listed on a stock exchange or for an ETF, they would have to get registered. Getting registered means they would have to open up their books to the SEC. You think that is ever going to happen? 😂
@@chingron Never ever never. Here be dragons.☠
Saylor said the truth. ETH and all alts are securities. But they have a value as securities
Sure, they have value. The issue is that as a security, to get registered for an ETF, they will have to open up their books and show exactly all the funding they received, where the pre-mine/IOC went, and every other financial detail.
I guarantee not a single one of these chains will be doing that, which means, they will never get an etf.
Except for the fact that XRP, an alt, has already been ruled in court by judge Torres and agreed to by the SEC to not be a security. Thus you have only two coins in the US with regulatory clarity, BTC and XRP.
@@Ron-zr6se You should probably read the ruling, because you obviously didn’t.
Lol looks like Saylor was wrong
@@chingron you guarantee it?, source: "trust me bro", I guess you were wrong 🤷
While saylor’s predictions could be wrong, he is right about bitcoin being a commodity and all other coins or alt coins are securities.
US judge already weighed in on that any coins sold on the secondary market by definition is not a security... Maybe the initial offering is what you mean....
Bitcoin cash is also a commodity.
Bitcoin, Dash, Bitcoin cash are all currencies. Not commodities.
@@drpaine7428So Apple stock sold on a stock exchange is not a security?
@@duanejackson6718Manure is also a commodity.
If Blackrock wants a etf they will get one
if the united states wants a new monetary standard, they'll get one.
He's right he just didn't clarify US won't declare a commodity.
He is talking about the United States only. Also, He has been saying for years that Ethereum is a Security. I think you are picking on this matter. Just my opinion. Thank you for all you folks do.
If he is right, how would he know? He has big BTC bags and bigger players are applying for an ETH etf.
ETH on the secondary market is not a security, however, it is a security being sold via Concenses and even back to day 1 prior to the ICO and there after. That being said, if Blackrock wants an ETH ETF it will get an ETH ETF and there is nothing anyone can do about it.
@@Ron-zr6se lol. You don't know what a security is.
They all know ETH would make BTC an altcoin soon if they don't define it as security.
So he is saying a different thing then the courts already ruled. The courts already rules that XRP is not a security and secondary market txs are not securities txs. Furthermore SEC already approved ETH futures which makes ETH a commodity. And SEC already made conflicting statements which means every judge has to simply acknowledge that SEC is acting in bad faith.
Whatever Saylor says is wishful thinking on his part. Blackrock may have asked him to say this to spread ETH FUD so they can get ETH at lower prices. If XRP is not a security then ETH is not either. Remember Saylor wanted the BTC dominance to go to 80%. Here is a guy who's entities own close to 1% of the BTC supply. This is a supreme greedy, vicious investor who will do anything in his power to help move his investment at the expense of other investors. He is a POS, period!
@@jp6951They do it all the time with stocks .. People read these pump articles with looking at the technical analysis and get dumped on biying the top lol
ethereum is not a commodity. commodities don't have road maps or updates. did you ever heard corn 2.0 or wheat 2.0?
I'd check with Monsanto on that.🧐
STOP! This is BS FUD. Bitcoin also has updates. Taproot, Ordinals, and now they are copying Ethereum with Smart Contracts, etc. I've heard Saylor talk like this and nobody brings these points up.
@@jp6951 no, bitcoin is not a suitable platform for smart contracts. bitcoin's work is to create a robust network. to create ponzi coins, nft, metaverse rugpulls you can use shitereum
This aged well 😅
your title is wrong, ponder on that instead
Can u do a video about “doing your own research”
Saylor is a Bitcoin Maxi
I agree with him. ETH became a security under US law when it moved from PoW to PoS protocol. That said, this hasn’t been formally stated by any regulatory body, but from a Howie analysis perspective, ETH is now a security. That doesn’t mean there can’t be a spot ETF though, I think there will be
Excellent video Thanks for standing up for what's right 👍
Holding big bag of eth ha? 😂😂 having been on the market since 2016 , after last cycle holding many coins I came to conclusion they pretty much are all Ponzi . Only btc is worth holding.
They are worth holding during alt season.. they oscillate against bitcoin... get in and out to make profits...
Nah don’t think so ! You can’t hustle afford to buy ETH and missed the boat on ETH 😂😂😂
You couldn't be more wrong.
@@Jaden48108 ok
BTC 22x last cycle from the bottom. ETH 55x from the bottom. Start with $100k and you missed out on $3.3 million by being a BTC maxi. Maximalism is anti intellectual. It allows an ideology to govern your thinking and you cant consider new ideas.
If it doesn't have a fixed supply, I'm not interested.
click bait you actually admitted lying. his opinion stated by you is that Wallstreet it would not be accepted. that's his opinion and your opinion is different and you justified he lied with a unrelated argument
You forgot the bit where Saylor lied about Ethereum spot ETFs existing and mainstream institutional investors accepting them.
Did you forget that the US is not the world? HK and Canada alone disagree with mainstream investors having already accepted them. Just a hot news flash, Wallstreet investors do not only invest in Wallstreet, they invest globally outside of Wallstreet.
You are right! If they throw out the Howey Test, Saylor will be wrong.
Except for the fact that XRP has already been ruled in court by judge Torres to not be a security and the SEC agrees. XRP can be an ETF if Blackrock desired and it would be approved by the SEC since it is not a security. As for ETH, that is a different story. Saylor can only say things regarding ETH and other alt coins except XRP. Thus he is wrong both in the US and globally.
Any crypto asset that had a presale is pretty likely a security. ETH could have been considered a commodity if it stayed POW but any POS coin is most likely screwed.
Regardless of what you just laid out, it’s a very toxic title ..
That'd be something, calling things how they are and having people back their claims. But no, Saylor and other manipulators can just spew nonsense.
There is one thing I place my faith in way more than Michael Sailor and that is human greed. As if Blackrock will stop at Bitcoin 😂
No doubt! Security status is just an inconvenience and stumbling block... It could ultimately mean more protections and being embraced on Wall Street... Imagine ethereum somehow on the S&P 500!
Indexing alone could make it worth more than Bitcoin in market cap, EASILY
@@mickeydrago9401Security status means it will never get an ETF. You don’t seem to realize that if it is declared a security, which it is, then they have to get registered to get listed on the stock exchange or get an ETF. Are you aware of the procedures to get registered? Apparently you aren’t.
I assure you… there is zero chance that the founders will be opening their books up to the SEC.
I was wondering the same thing. I have recently stopped being so USA centric and started looking at other markets and what they are doing. My first realization was that SEC chair Gensler was right when he said Eth wasn't a security because the design using proof of stake was decentralized enough.
ETH is the mother of all shitcoins.
That Title goes to Ada Cardano
and BTC is the mother of ETH. What are you trying to say?
Exactly
@@undergroundmoe Digital scarcity is a one time phenomena. The number one will never have offspring.
Thanks for saying the hard things. Even if the crowd might not like it.
I agree with you.
The SEC may have made previous pronouncements that ETH is not a security but they have the right to change their stance as new information surfaces. Same goes for Bitcoin. If it was discovered that through some obfuscatory mechanism Satoshi™ had pre-mined a significant amount of Bitcoin that could be secretly accessed or that the network could be controlled or influenced beyond the currently understood parameters and functions then they could also reclassify it as a security.
You have to QUESTION what people say, especially government about EVERYTHING not just crypto.
Brazil also have a spot Ethereum ETF since 21
All the non-Bitcoins are casino coins. And the publishers are the cacino bosses. All those coins have backdoors with manipulative intrests.Dan Larimer with his last ,EOS, 140k btc's to their own company,Block1. Ether with Vitalik and that Concensus, all those premines. ElSalvador has put penaltys on all those shitcoins,only bitcoin. Look at all those criminal activities,Luna,FTX etc etc .
Well said about what Saylor said.
securities are sold as investments, and crypto is minted and distributed as block rewards for validating the network.
Eth used to be a commodity until they forked it to proof of stake so yes eth is a security and just like the rest of all these poop coins.
To Stake ETH you need hardware, ETH, electricity, a building. You need to do work like a miner. I mined Ethereum for 4 years. I worked for my ETH. Saylor never mined Bitcoin. He is doing zero work to maintain Bitcoin. Yet he expects to profit off the work of others. All the ETH I have I got through mining and doing the work. You are talking out of your ass.
Ha ha ha I hold eth btw my guy. I’m calling it like Trump over here. You can keep eating ice cream like Joe Biden lol.
Ether is centralised.
I am believing that ETH is run like a stock company. I agree with Saylor.
Please, give me a break. Then Bitcoin is also run like a stock company. Look at all the developers planning updates for Bitcoin. The Ethereum Foundation should just dissolve at some point so people like you can stop with the FUD.
Thank you for your work. You made me think. And 'thinking for myself', I thought he implied a 'Wall Street' etf. I have always thought that Eth is, and always has been, a security and I am not convinced XRP's landmark judgement was 100% 'not a security' I think they got a green light for their CBDC work. Clearly so does the rest of the market because XRP has subsequently 'failed to launch'. However, I enjoyed your counter to MS's 'there is no other choice' propa....err fan piece. Good stuff.
Ok but Saylor was most likely referencing the US and the SEC.
And what he said was, according to what you read here, they will never be be commodities, just unregistered digital securities.
Based on that, not until those digital securities are registered as such will there be a US spot ETF
That's my understanding as well... So United States citizenship revoking international Toby isn't really making the complete argument for America, other than the handful of examples of ETFs outside of USA... And they don't have Gary Gensler to deal with!
Saylor is a schmuck, saw through his bullshit in other interviews - he just says what he thinks will push his agenda, he has no concern with it being true or not or the ethics of it.
Most disturbing part is you ppl talk about him.
Saylor missed STX stacks
There's a spot Eth ETF in Australia already.
Just because he has an unpopular opinion doesn't mean he "lied" . Your click bait is a lie.
Yep. This channel has gone down fast these past few months.
grow up, bro.
Where you been?
he didnt state it as an opinion. he stated it as fact
No, he lied about spot Ethereum ETFs, as they do exist and are accepted by mainstream institutional investors. You know, as Toby mentioned.
There is a question mark at the end of the sentence.
I am genuinely curious. Respectfully asking, what makes ETH commodity?
Why does any crypto have to fit any description that was designed hundreds of years ago?
Yes, an initial coin offering (ICO) can be a securities offering and fall under the jurisdiction of the SEC. The SEC can enforce federal securities laws on ICOs and may require them to be registered.
Yes, Ethereum raised over $18 million through an initial coin offering (ICO) between July 22 and September 2, 2014. The ICO involved selling 50 million ether (ETH) tokens at a price of $0.31 each, and investors received ETH in exchange for Bitcoin (BTC). The ICO was a huge success, with more than $2.2 million worth of ETH sold within 24 hours of going live. So yes ETH is 100% a security. They say it is decentralized but Vitalik can make changes and or shut it down I believe.
Eth has been corrupt from day 1.
Which is why I don't own any.
Premine... The big hack on more immutable ethereum classic was paid off by ETH... Effectively keeping classic as immutable while opening up ETH for the big changes that we've seen... And still it has so much more to prove and only marks itself more as a security with proof of stake
Let me guess, you’re not invested in Eth lol
Lol those are SOL fan boy, that can't afford to buy ETH@@joshc7865
@@joshc7865 I think, and this is just me, Eth is- over the long term- going to get replaced. By what you might might ask? It exist. Pretty sure I know by what. It'll take some time so there's plenty of money to be made with ETH.
Do you think we will see an ETF for ETH this year?
Australia has a bitcoin, eth ETF.
ETH is a security. Is it not prudent to ensure full disclosure by Ethereum before the market allocates people's retirement funds into this asset❓
I love listening to you this cycle
Thanks as always Toby 👍
Where'd you get your iron?
ETH is a security, like a company, they pre-mined stock for insiders and had a corporate ICO fund raising round. They have central planners who can adjust the supply. They pay a stake dividend.
So answer me. Why did Satoshi get more than Vitalik as a percentage? Bitcoin's pre-mainstream mine was more centralised. Ethereum after one year of existence had many more wallets than Bitcoin.
Eth was never a commodity.
TRUST NO ONE WHO TALKS ABOUT CRYPTO. THEY’RE UNTRUSTWORTHY. ONLY BTC
I think you should watch a video by Matthew Crowder about Ethereum is very informative. He was basically saying the only reason I considered a security is all the people that were in to Ethereum in the beginning after report where they got their money what they were raising, they didn’t do any of that, something about your input
Hi Toby, Brazil have a ETH ETF too!
I’D SAY THAT TOO IF MY BAGS ARE FULL OF ETH!😂 YOUR NOT GOING TO SEE US ETH ETF ANY TIME SOON!
Yes
... Institutions are willing to take your money. !!!
Good advice to everyone everywhere. ETC as mentioned by so many people at the moment is the original ETH and is proof of work, it has no group that owns it, it is decentralized, it is just like Bitcoin. If you are smart, you will realize ETC will replace ETH after ETH will be declared an security. And that is the facts
I think you're wrong lol. ETH is a security, run the howey test
Run it with regular ETH - it fails the Howey test. Run it with staked ETH and it's a debate to be had in court.
Saylor has lost his mind if he thinks Blackrock won't get their ethereum etf at some point in the near future. This then opens the flood gates for many other cryptos.
Japan banks nun on the XRPL.. ETH will be inconsequential
XRP is also a security.
Who gives a shit if Etherium is a security? Stocks, bonds, and funds are securities. It doesn't matter 😉
Unregistered security though. That’s the problem.
@kleefton There's an Etherium ETF's in Hong Kong, Europe, and Canada. Guarantee Larry Fink gets a US Etherium ETF weather it's a registered security or commodity!
Saylor has never been a fan of eth, he’s a bitcoin maxi, why does it matter?
There's no such thing as a poor Bitcoin Maxi.
One thing is true "You ain't no Michael Savlor"
Neither are you
@@OldmanCrypto100 no kidding I can't even spell his name correctly
Not even close😂😂😂
Blackrock doesn't need ethereum because now u can build on btc with stacks
Saylor has an agenda. He fears Ethereum will compete with bitcoin for investment by the financial community. It' s not a zero/sum game.
ETH is a security....
So typical gov SEC FUD....
Cool
Larry Finkster himself said ETH will have an ETF security or not
Listening Toby
Thanks Toby
Eth is the biggest scam in crypto
ok misss warren
Thanks
Good channel
By what I am reading in the comments, presuming the majority are from the US, they seem to lack the basic understanding that there is a whole world outside of the US and if the US wasn't there would still be fine and go on with business as usual. Saylor knows full well that there are alt coin ETF's outside of the US and that XRP, an alt coin, has regulatory clarity in the US as not being a security so ruled by judge Torres and accepted by the SEC. Saylor is dead wrong regarding ETF's on the global stage and in the US, that is yet to be determined.
exactly, there 195 countries in the world...
Ethereum fails the Howey test, therefore not a security.
I think he kind of side stepped the self custody question ..
Saylor's comment was not about Hong Kong. He is likely aware of the HK ETH ETF. Yes, his statement may prove to be incorrect in the months or years ahead.
Kaspa brothers,,, kaspa!!
Well, when your Saylor and you're balls deep in one asset ''Bitcoin, 'what's he supposed to say? He's talking his book and wants as much money to flow where his money is sitting.
Yes, at the expense of other investors. His promotion of BTC is very hostile. Greedy bastard has 1% of BTC. Keep going to 5% so it can be centralized. Look at his X posts, just AI generated images of the BTC logo. Very cringe. How many times a day does he say "Bitcoin"? Might seem like he has Tourette syndrome.
Are all your shirts wrinkled?
Who gives a f?
Thank you Toby. Please excuse my ignorance, but would you please explain how or if Ethereum qualifies as a DAO and how consensus works in Ethereum vs. Bitcoin. Seems to me that governments might like something that is "Proof of Stake". After all, isn't that what Wall Street is?
👍
Sailor is a BTC maximalist and doesn't like ETH because of the pre mining.
I think his last sentence is pointing on ETH as an enabler of smart contracts that is going to replace the institutions and first the banks and traders, therefore they are going to fight is harder than they fought BTC, because it is possible.
Nothing and nobody can stop BTC.
He’s been saying this for a long time.
Didn't Blackrock say that if ETH is classed as a security it won't stop them from creating an ETH ETF? Sounds like just arguing over semantics.
I saw the title of this video(“Michael Saylor Lied…”), started the video and it opens with a scam ad of Michael Saylor attempting to steal our Bitcoins!!! Wow!!! You plan that, Toby?
Top G of crypto
I pretty sure, LF of BS said "we dont care what SEC deems eth. We're rolling on with eth etfs right? It will be accepted eventually. 😌 thanks guys.
He probably just tries to get a good entry price to buy Eth
Sail away sail away sail away.....
Saylor bought Bitcoin at the perfect time and it ripped making it seem like he is credible. Right now the Ethereum ETF is likely if not this year, then next year. If it does pass though, Alt coins and layer 2s are going to bear the brunt of the ETF and I think that is why they are going to try to delay it.
Saylor is right
Saylor is just trying to protect his precious investment. He said it would never happen, then said, who knows what will happen in 10 years. 😂
Bitcoin solves a problem, so an ETF makes sense, it makes it easier for more people to solve the problem. I can see how Solana solves problems that require speed. So an ETF for Solana makes sense, too.
What problem does Ethereum solve, that isn't already solved better by Bitcoin (store of value) or Solana (transactions per second)?
All animals are equal, but some are more equal than others. Saylor is Napoleon.
Saylor has to say that about all other crypto coins because he is all in on Bitcoin
Saylor is just pumping his bags!
Your level of consciousness bro... reminds me of the "toxic" Rick and Morty episode.