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This time, he particularly took aim at XRP and ETH, stating that they are “unquestionably securities.” Keiser is positive they will keep this label even if U.S. regulators"mischaracterize" them. He added that this would be regulators’ failure, however, it will change nothing about these cryptocurrencies for him personally.Regulators might mischaracterize them, but that would be a failure of regulators and not change the fact they are securities.
Bitcoiners’ rethoric about BTC being a supreme crypto is based largely on this Bitcoin characteristic. Thanks to the small fixed supply and halvings every four years, Bitcoin becomes more and more scarce. More than 19 million out of 21 million coins have already been mined. There have been three halving events already, and the fourth one is scheduled for the second half of April - less than a month away from now. Halvings create a supply shock.
Besides, there is a demand shock growing for Bitcoin as multiple spot Bitcoin ETFs continue to acquire hundreds of millions worth of Bitcoin per day. Until recently, they purchased 12x BTC produced by miners per day . However, over the past few days, BTC inflows into ETFs have seen a drastic reversal.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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