Bitcoin Bull Max Keiser Calls XRP a Sh*tcoin

Bitcoin Bull Max Keiser Calls XRP a Sh*tcoin


Controversies arise in the crypto space as Ripple’s CTO David Schwartz reacts to SEC actions, attracting criticism from Bitcoin proponent Max Keiser who calls XRP a “shitcoin.”

Although while the cryptocurrency space awaits the summary judgment on the case betwixt the United States SEC and Ripple Labs, controversies keep growing owing to diverse user opinions and perspectives.

In a recent development on May 23,  a prominent Bitcoin (BTC) proponent Max Keiser took to Twitter to criticize XRP Ripple (XRP) and the XRP Ripple (XRP) community. Keiser indicated that XRP Ripple (XRP) is a shitcoin reports by the legal position of El-Salvador on the cryptocurrency investment definition. 

Ripple CTO Reacts To SEC Actions Attracting Max Keiser’s Criticisms

Keiser’s criticism of XRP Ripple (XRP) came as a response to the tweet Ripple’s CTO David Schwartz posted. Schwartz who was reacting to the SEC’s regulatory stance on digital currencies, had noted that the resolution of the SEC vs. Ripple lawsuit can potentially impact the United States cryptocurrency industry. 

He considered the situation if the SEC’s legal position were to treat all cryptocurrency assets except Bitcoin (BTC) as securities. Reports by Ripple’s CTO, United States residents’ legal participation in the cryptocurrency space would become dicey if such a position holds. He likewise noted that Coinbase Crypto exchange still engages in some crypto token sales that the SEC considers securities to United States residents.

As a result to the post, the Bitcoin (BTC) proponent Max Keiser indicated that XRP’s legal position in El Salvador is under shitcoin. 

Usually, a digital investment would be referred to as a shitcoin if it has little or no value. This implies the cryptocurrency investment was designed with questionable technology, has limited utility, has weak development teams, or operates with fraudulent goals.

Usually, a digital investment would be referred to as a shitcoin if it has little or no value. This implies the cryptocurrency investment was designed with questionable technology, has limited utility, has weak development teams, or operates with fraudulent goals.

On the other hand, before his shitcoin remark, Keiser had attacked XRP Ripple (XRP) in his Twitter post. In the tweet, he reiterated that every other cryptocurrency investment but Bitcoin (BTC) is regarded as a security in El Salvador. 

Max Keiser is one of the prominent Bitcoin (BTC) maximalists in the cryptocurrency space and is as of now a Bitcoin (BTC) adviser to El Salvador’s Government. Recently, he has evolved a staunch critic of crypto altcoins, with a special focus on XRP. 

XRP Ripple (XRP) Army Reacts To Keiser’s Attack

The XRP Ripple (XRP) community has shown anger at Keiser’s criticism of the crypto token. An XRP Ripple (XRP) enthusiast teased Keiser about Bitcoin (BTC) being a failure in El Salvador. 

The Twitter user ‘@ALL_IN-UTILITY’ responded to Keiser’s tweet, “El Salvador who? Oh, the country of turds and BITSHIT COIN, heard it had been a real failure.”

Similarly, another user commented that no one worries about Keiser’s mental illness stating that “It’s sad to watch once smart and respectable people lose their minds to maximalism.” 

A third user, Dr. Haus, stated that Keiser is obsessed and preoccupied with XRP Ripple (XRP) because the investment threatens him.

In the meantime, XRP Ripple (XRP) trades at $0.4539 at the time of publication, indicating a fall of 2.26 percent in the previous 24 hours. 

Featured image from Pixabay and chart from TradingView

READ NOW
Binance.US Faces SEC Freeze on Assets



Source

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend