Prominent Bitcoin advocate and former financial journalist Max Keiser has once again taken aim at XRP investors in a recent post, claiming that an XRP rally is virtually impossible. His bold statement has caused a stir in the crypto community, igniting debates about the future of the altcoin. Keiser, who is also known for advising El Salvador’s President Nayib Bukele on Bitcoin policies, has been a vocal critic of altcoins for some time.
Keiser’s Harsh Criticism of XRP Investors
In a recent video post, Keiser mocked XRP investors, likening their hopes of a rally to a baby crow failing to catch a worm. His video was accompanied by the caption, “XRP investors still think the rally they’re waiting for will NEVER happen,” further fueling the ongoing debate. Keiser’s stance implies that XRP offers no real opportunity for its investors, a view he has repeatedly expressed in the past.
XRP and Three Other Altcoins Will Never Rally, Says Keiser
Keiser has consistently criticized Ripple and its altcoin XRP. He has also supported the SEC’s stance that many altcoins are unregistered securities. His latest comments follow the SEC’s appeal of a federal judge’s ruling in the ongoing Ripple lawsuit, which caused a significant dip in XRP’s price.
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Ripple’s Legal Battle with the SEC
Keiser’s comments come on the heels of the SEC’s recent appeal in its lawsuit against Ripple. The SEC’s decision to appeal the ruling has yet to fully unfold, as they have not submitted all necessary documents. Ripple CEO Brad Garlinghouse has called the SEC’s move misleading and remains adamant that the company will continue its legal fight. So far, Ripple has spent over $200 million in legal fees, $125 million of which stems from court-imposed penalties.
Keiser’s Ongoing Criticism of XRP
Max Keiser has long been critical of XRP, frequently describing it as a project that “steals billions from fools.” His comments are often echoed by Bitcoin maximalists, who view most altcoins as weak and speculative. These remarks continue to spark heated debates within the cryptocurrency community.
In summary, Keiser’s scathing critiques of XRP have resonated widely, as Ripple continues its legal battle against the SEC. The outcome of this case could have significant implications for XRP prices and investor confidence.
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