Max Keiser says Ethereum and other altcoins are securities

The television host and founder of Heisenberg Capital, Max Keiser, supported the position of SEC chairman Gary Gensler that all cryptocurrencies except Bitcoin are securities.

Gary’s right.

Everything not #Bitcoin is a security (including ETH & XRP).

We already put this into law in #ElSalvador

We’re #Bitcoin Country and we’re thriving.

I invite @GaryGensler to ?? to come and see how we became the leading #BTC country in the world. https://t.co/yfB0vHAsuj

— Max Keiser, sr. bitcoin advisor pres. Bukele ?? (@maxkeiser) May 16, 2023

«Gary is right. All that is not Bitcoin is a security (including Ethereum and XRP). […] Bitcoin is money; anything else is a security,» he wrote.

Keiser noted that El Salvador recognized the first cryptocurrency as legal tender in September 2021. His Twitter profile states that he moved to the country in November of the same year.

«We are a thriving Bitcoin nation. I invite Gary Gensler to come and see how we became the leading Bitcoin country in the world», — added the investor.

He also called Ripple «crooks», whose business model is based on selling unregistered securities. In a court case against Ripple, the Keiser backed the regulator’s side with the SEC.

.@Ripple are crooks. Their business model is selling unregistered securities. The SEC is right to shut them down. https://t.co/gQueVd2GHZ

— Max Keiser, sr. bitcoin advisor pres. Bukele ?? (@maxkeiser) May 17, 2023

In August 2020 Keiser managed to predict Bitcoin rising above $28,000. In May 2021 he predicted Bitcoin would soar to $220,000, but that has not happened yet.

Earlier, the SEC chief repeatedly called altcoins securities. In his view, crypto markets ‘generally do not meet the requirements‘ and are based on a ‘false notion’ of decentralization.