Michael Saylor: "When the SEC is done there will only be Bitcoin & a few other Proof Of Work coins!"

Michael Saylor on how the SEC is laying down rules for the 'Wild West' Crypto Markets that will crush these Proof of Stake 'Unregistered Securities' and push them into off-shore markets if they are lucky. In the end he believes this will be great for Bitcoin and maybe a handful of other Proof of Work coins without issuers or premines. The SEC has stated many times that Bitcoin is a Commodity and cannot be regulated. Once the smoke clears he believes large investors will move in to buy the coins that were not deemed 'illegal' and Bitcoin is the king of this space.

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