Michael Saylor Hits Back After Peter Schiff Says He Pumps Crypto More Than Kim Kardashian | CoinMarketCap

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Michael Saylor Hits Back After Peter Schiff Says He Pumps Crypto More Than Kim Kardashian | CoinMarketCap
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MicroStrategy's exec chairman told the crypto skeptic 👇 'Bitcoin is a commodity, not a security. Advocating a commodity is similar to promoting steel, aluminum, concrete, glass, or granite.'

The fallout from Kim Kardashian's $1.26 million fine after promoting Ethereum Max on Instagram continues.about the penalties — with the reality star now banned from endorsing digital assets on social media for three years — crypto skeptic Peter Schiff tweeted:

His tweet attracted a swift rebuke from none other than Michael Saylor himself, who argued that Bitcoin can't be compared to an altcoin like Ethereum Max. With the value of the crypto markets collapsing over recent months, "Bitcoin, not crypto" has become a common mantra — with BTC maximalists seeking to distance themselves from speculative altcoins that often have little utility.

One law firm managing partner, Andrew M. Lieb, has warned that settlement is unlikely to have much of an impact, and told Newsweek:

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