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Attorney Deaton hits out at Saylor for suggesting that Bitcoin would eventually be the only cryptocurrency traded in the US.
CryptoLaw founder and pro-XRP lawyer John Deaton has slammed famous Bitcoin proponent and MicroStrategy co-founder Michael Saylor over his comment on BTC superiority.
At the recently-concluded Bitcoin Conference 2023 held in Miami, Saylor asserted that Bitcoin would be the last crypto asset standing in the United States.
Bitcoin News, a media outlet covering only Bitcoin-related content, quoted the remark in a tweet. Reacting to the comment, attorney Deaton said it is “plain dumb” if Saylor speculates that Bitcoin would be the only crypto asset traded in the United States.
This is just plain dumb if he means #Bitcoin will be the only crypto asset traded in the U.S. I just don’t get it. https://t.co/anhkdbYfF5
— John E Deaton (@JohnEDeaton1) May 26, 2023
Saylor Slams Everything That Isn’t Bitcoin
Saylor is a Bitcoin maxi who does not seem to care about the feelings of other crypto enthusiasts whenever he speaks about the top asset class.
In an interview last year with Sven Henrich, the founder of NorthmanTrader, Saylor listed altcoins (alternative cryptocurrencies aside BTC) as one of the “parades of horribles” weighing Bitcoin down.
For Saylor, any crypto asset other than Bitcoin, including Ethereum, is a security. As expected, Saylor’s remark incurred the wrath of other crypto supporters. In a tweet last year, Ethereum co-founder Vitalik Buterin indirectly called the prominent Bitcoin maximalist a “total cl*wn” for saying ETH is “inherently unethical.”