- Crypto lawyer sheds light on Michael Saylor and Gary Gensler’s contrasting views on crypto that evolved.
- Saylor previously viewed Bitcoin as similar to gambling, but he emerged as one of the greatest proponents of BTC.
- Gensler previously advocated crypto but later became a strong supporter of Senator Warren’s anti-crypto stance.
The ever-evolving crypto space has been witnessing the community’s altering perspectives on digital assets. Crypto lawyer James Murphy, known as MetaLawMan on X, who is a prominent voice in the industry, shared insights on the distinct approaches of key figures, including Michael Saylor and Gary Gensler, which overturned in years.
Murphy drew his readers’ attention to the drastic change in MicroStrategy CEO Michael Saylor’s view of Bitcoin. On December 19, 2013, MicroStrategy CEO Michael Saylor shared an X post stating,
Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.
However, with his vast experience in crypto, especially Bitcoin, Saylor “reconsidered his hypothesis,” gradually becoming bullish on Bitcoin. According to Murphy’s tweet, Saylor is a “scientist by training” who, following a deep study of Bitcoin, “came out with a different conclusion.” Saylor, who once held a negative perspective on Bitcoin, later “flipped to becoming the world’s most recognized proponent of Bitcoin.”
In contrast, the lawyer took into consideration the case of SEC Chair Gary Gensler, who used to advocate cryptocurrencies when he was a professor at MIT. When he succeeded Jay Clayton to become the Securities and Exchange Commission’s (SEC) Chairman, he embraced Senator Elizabeth Warren’s anti-crypto law.
Using the concept of “neuroscience,” Murphy commented that “older people” like Warren tend to become more rigid in their thoughts. In addition, Murphy addressed Paul Krugman, who published a column entitled “Bitcoin is Evil” in 2013 and remains affirmed in his anti-crypto beliefs after ten years.
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