• Controversial Bitcoin Maximalist Attacks Altcoins, Calls Them "Centralized Garbage"

  • Aug 26 2024
  • Duración: 3 m
  • Podcast

Controversial Bitcoin Maximalist Attacks Altcoins, Calls Them "Centralized Garbage"

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  • Max Keiser, a prominent Bitcoin maximalist, has once again sparked controversy in the cryptocurrency community by launching a scathing attack on several altcoins, including Ether, Cardano, Solana, and XRP. In a fiery rant, Keiser dismissed these cryptocurrencies as "centralized garbage" that are heading to zero.

    Keiser's criticism is not new; he has been a vocal advocate for Bitcoin and a critic of altcoins for years. His latest tirade is part of a broader narrative where he believes that Bitcoin is the only truly decentralized digital currency. He has repeatedly attacked altcoins, including XRP, which he has labeled as "centralized garbage" and predicted will collapse against Bitcoin.

    In a recent tweet, Keiser stated that XRP was created by Ripple CEO Brad Garlinghouse to "steal billions from witless fools." This comment has sparked significant backlash, with many in the cryptocurrency community defending XRP and its potential as a legitimate digital asset.

    Keiser's views on XRP are not isolated; he has also criticized other altcoins, including Ether, Cardano, and Solana. He believes that these coins are not decentralized and are subject to manipulation by their respective developers and investors. This stance is in line with his broader support for Bitcoin, which he sees as the only truly decentralized and secure cryptocurrency.

    Interestingly, Keiser has also praised the USD-backed stablecoin USDT, issued by Tether. Despite acknowledging that USDT is centralized, he sees it as a means to crash the fiat U.S. dollar. Keiser believes that millions of people are swapping their fiat money for USDT because they lack access to banking services. He views USDT as a play-money proxy to the USD, which can be used to access banking services.

    Keiser's support for USDT may be explained by Tether's recent actions, such as allocating part of its profits to buying BTC. This move, according to Keiser, is killing the U.S. dollar as a global reserve currency by issuing a fake version that millions use and putting the interest from investing in US Treasuries into Bitcoin.

    Max Keiser's views on the cryptocurrency market are deeply rooted in his belief that Bitcoin is the only true decentralized digital currency. His criticism of altcoins and praise for USDT highlight his complex and often controversial stance within the cryptocurrency community.
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