2024-10-25 17:02 |
Popular Bitcoin maximalist Max Keiser has once again launched a scathing attack on altcoins, claiming that major cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP are destined to lose all value in comparison to Bitcoin (BTC).
In his latest tirade, Keiser reaffirmed his steadfast conviction that Bitcoin will outshine and outlast all other digital assets.
“ETH will never stop losing against Bitcoin. Same for XRP, ADA, SOL & 20,000 other shitcoins,” Keiser tweeted on Thursday. His disdain for altcoins, which he frequently refers to as “shitcoins,” is well known, and he remains a vocal advocate of Bitcoin as the only legitimate digital asset.
Keiser, who also serves as the chief advisor to El Salvador’s President Nayib Bukele on Bitcoin strategy, highlighted the success of the country’s pro-Bitcoin policies, praising the National Bitcoin Office (ONBTC) for avoiding altcoins entirely.
“The [ONBTC] has kept El Salvador free from shitcoins. The results are in. We’re winning. Everything goes to zero against Bitcoin,” he added, reinforcing his view that this approach has cemented El Salvador’s position as a trailblazer in the global Bitcoin revolution.
Keiser’s latest tweet marks yet another chapter in his ongoing criticism of altcoins. Keiser has been vocal in believing that only Bitcoin is a legitimate cryptocurrency, dismissing other coins as “worthless.”
Last month, he responded to Donald Trump Jr.’s announcement on X about the launch of the World Liberty Financial crypto project, which stirred excitement in some circles of the crypto community.
Keiser reacted with his signature disdain for non-Bitcoin cryptocurrencies, stating, “If it’s not Bitcoin, it’s a shitcoin. Everything goes to zero against Bitcoin. Everyone makes the mistake you’re about to make, so don’t feel too embarrassed. It’s like puberty. We will try to get you through it.”
Keiser’s criticisms also extend to Ripple, the company behind XRP. He has previously called Ripple “fraudsters” for their alleged business model of selling unregistered securities. Moreover, in the ongoing legal battle between Ripple and the SEC, Keiser has firmly sided with the regulator.
His long-standing stance is that all cryptocurrencies, except Bitcoin, qualify as securities under U.S. law, a position he shares with SEC Chair Gary Gensler. In May of last year, Keiser aligned with Gensler, stating, “Gary is right. Anything that is not Bitcoin is a security (including Ethereum and XRP). Bitcoin is money, anything else is a security.”
Despite his bearish outlook on altcoins, Keiser remains highly bullish on Bitcoin’s future. Recently, he made an even bolder prediction, forecasting that Bitcoin will soon reach $220,000 after his earlier prediction that Bitcoin would hit the same mark by May 2021 failed to materialize.
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