Max Keiser, a well-known Bitcoin maximalist and vocal critic of altcoins, has once again targeted XRP, predicting a significant price drop for the fifth-largest cryptocurrency by market value. Keiser is notorious for his bold predictions and dismissive stance towards alternative cryptocurrencies, emphasizing his latest tweet that underscores a bearish outlook for XRP.
A staunch advocate for Bitcoin, Keiser is recognized for his unwavering belief in Bitcoin’s superiority over other cryptocurrencies. His critical stance often extends to altcoins, which he views as centralized and inevitably doomed to fail against Bitcoin’s dominance.
Keiser’s latest target is XRP, a cryptocurrency that has faced regulatory scrutiny and legal challenges in the past. In a recent tweet, Keiser referred to XRP as “centralized garbage” and boldly predicted that its price could plummet to $0.01.
His claim aligns with his narrative that Bitcoin occupies a unique position beyond the regulatory reach that other cryptocurrencies face. Keiser’s skepticism towards XRP is not new; he has previously reiterated his belief that XRP’s centralization is a fundamental flaw, evidenced by the SEC’s legal action against Ripple Labs, which claims XRP is an unregistered security.
Beyond XRP, Keiser has not spared other leading cryptocurrencies from his criticism. He has labeled ADA and SOL as securities and accused the founders of Cardano and Solana of being fraudsters in his tweets. Market dynamics show XRP, linked to Ripple, has followed Bitcoin’s recent downturn, experiencing an 11% drop. While XRP has seen a slight recovery, trading at $0.54583, the impact of Keiser’s prediction on investor sentiment and future market movements remains uncertain.