Prominent Bitcoin maximalist Max Keiser has once again stirred controversy in the cryptocurrency community by launching a scathing attack on popular altcoins. Known for his fiery rhetoric and unwavering support for Bitcoin, Keiser recently took to X to dismiss several major cryptocurrencies, including Ethereum (ETH), Cardano (ADA), Solana (SOL), and XRP, labeling them as “centralized garbage” destined to become worthless.
“ETH is centralized garbage that will continue heading to zero against Bitcoin. Same for ADA, SOL, XRP, and 20,000 other shitcoins.” Keiser asserted in a tweet earlier this week. His comments were a response to a tweet by the popular market analyst “Zero Hedge,” who had expressed frustration over Ethereum’s inability to break above the $2,600 mark, stating, “ETH < 2600. Never fails.”
Notably, Keiser’s disdain for altcoins is not a new development. The former TV presenter has long been vocal about his belief that Bitcoin is the only true cryptocurrency, often referring to other digital assets as “shitcoins.” In May of this year, Keiser supported the U.S. Securities and Exchange Commission chair Gary Gensler’s stance that all cryptocurrencies, aside from Bitcoin, should be classified as securities. He asserted that “anything that is not Bitcoin is a security,” and went on to accuse Ripple of engaging in fraudulent activities by selling unregistered securities.
Last year, Keiser made headlines with a similar outburst, where he declared that XRP, the cryptocurrency associated with Ripple Labs, would “continue trending to zero against Bitcoin.” He added that Bitcoin was “Perfect Money sent by God to unfuck our money” while describing XRP as “dogsh** pooped out by Brad Garlinghouse, Ripple’s CEO, to steal billions from unsuspecting investors.
Keiser has also been a vocal critic of Solana (SOL), predicting its dramatic fall in value. In January, he predicted that Solana, which had previously peaked at $100, would plummet to $20. His bearish outlook on Solana and other altcoins aligns with his broader view that all cryptocurrencies except Bitcoin are doomed to fail.
In the past, the SEC classified Bitcoin and Ethereum as commodities while categorizing other altcoins, such as ADA, SOL, and DOGE, as securities. However, ongoing debates have sparked fresh questions about whether these altcoins will remain in the same category, a significant factor hindering their approval for various spot ETFs.
