Bitcoin Maxi: ‘We Don’t Need BTC ETFs,’ SEC Focus on Eliminating XRP, ADA
Max Keiser sparks controversy with his calls to eradicate shitcoins like XRP, ADA. Blake Martin criticizes Keiser for inconsistent values.
In a Twitter outburst, Max Keiser, a well-known Bitcoin maximalist, expressed his indifference toward the Securities and Exchange Commission’s (SEC) position on Bitcoin ETFs.
Keiser boldly claimed that Bitcoin was untouchable and urged SEC Chairman Gary Gensler to focus on eliminating what he called ‘shitcoins,’ which included Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), NFTs, and many others.
He called for their termination with extreme prejudice, emphasizing the growing dominance of Bitcoin, particularly in countries like El Salvador.
Blake Martin, a US-based crypto enthusiast, criticized Keiser, accusing him of giving Bitcoin maxis a bad name. Martin called for consistency in Keiser’s values, suggesting that he either embrace libertarian principles fully or refrain from espousing them selectively.
Keiser responded ‘Read the White Paper’ dismissively to Martin’s comment, highlighting the importance of understanding the foundational document of Bitcoin to grasp the vision and principles behind it.
Undeterred, Martin retorted that he had read the White Paper and had been actively involved in crypto since 2013. He declared Gary Gensler, the SEC Chairman, as an enemy of freedom and questioned the very existence of the SEC.
Martin further argued that investors should have the right to invest in what Keiser labeled as ‘shitcoin scams,’ emphasizing that individuals should be responsible for their investment choices. Moreover, Martin warned that Gensler’s regulatory scrutiny could extend to Bitcoin.
On the other hand, an XRP enthusiast challenged Keiser to a bet on the likelihood of a favorable ruling for XRP. The enthusiast proposed that a settlement or regulatory clarity, considering XRP as a bridge asset or payment currency, will emerge within the next two years.
