Prominent Bitcoin">Bitcoin proponent Max Keiser, known for lambasting altcoins, took to Twitter to slam XRP">XRP – predicting a steep price decline for the 5th-ranked crypto asset. Keiser labeled XRP “centralized garbage”, forecasting a fall to just $0.01 per token.
His ultra-bearish prediction echoes similarly dire forecasts made about other top altcoins like Solana’s SOL token earlier this year. As a hardcore Bitcoin maximalist, Keiser believes most cryptocurrencies pale in comparison to Bitcoin and will eventually crash against it and other assets.
Keiser’s latest XRP critique follows similar comments last summer in response to a tweet from Ripple advocate John Deaton. Deaton had commented on Bitcoin maximalists and the SEC’s ongoing legal case against Ripple Labs since late 2020 – a case Keiser argues proves XRP’s overcentralization.
While Bitcoin remains uniquely decentralized and beyond regulators, Keiser asserts coins like ADA, XRP, and SOL constitute securities – with their founders nothing more than “scammers” in his view. His scorn comes even as XRP developed an 11% price drop this past week, closely tracking Bitcoin’s decline.
Though XRP has recovered slightly, Keiser shows no signs of softening his staunch Bitcoin maxi rhetoric. He continues tweeting his long-held $220,000 Bitcoin price forecast remains “still in play” as crypto markets nurse recent wounds.
