In a series of recent Twitter posts, renowned Bitcoin supporter and maximalist Max Keiser has intensified his criticism of altcoins, specifically targeting Solana (SOL) and Ripple-affiliated XRP tokens. Keiser, known for his bold predictions, recently shared a particularly bearish forecast for the future of the SOL price.
In his trademark style, characterized by harshness and a touch of humor, Keiser labeled the Solana blockchain a “rug pull,” emphatically branding SOL as “centralized garbage.” He expressed his belief in a mathematical inevitability, predicting that SOL would eventually plummet to trade “at virtual zero against Bitcoin.”
As of late, Solana’s native token SOL has experienced a significant decline of 26% since its peak of $107 on January 11. This downturn followed Bitcoin’s brief surge after the U.S. Securities and Exchange Commission approved spot Bitcoin ETFs. Keiser seized on this recent price drop, reiterating his forecast that SOL would ultimately trade at nearly zero against the leading cryptocurrency and digital gold, a sentiment echoed in his recent critique of XRP.
Despite Keiser’s predictions, SOL managed to stage a notable recovery of over 10% in the past 24 hours, returning to a trading price of $87.66. This resilience follows Keiser’s earlier bearish forecast at the beginning of the year when he anticipated SOL dropping to $20, resulting in a quick 15% price fall to $96.
Keiser’s scrutiny extends beyond Solana, as he has consistently targeted XRP in recent posts. Over the weekend, he took to Twitter to assert that the Ripple-linked XRP coin would inevitably crash to $0.01. Keiser contends that Bitcoin is the only truly decentralized cryptocurrency, attributing this characteristic to its creation by an individual known as Satoshi Nakamoto, who promptly disappeared from public view after releasing BTC. In contrast, Keiser dismisses altcoins as “centralized garbage,” emphasizing his support for the SEC in its lawsuit against Ripple.
Keiser’s steadfast critique of altcoins underscores his unwavering advocacy for Bitcoin and skepticism towards other digital assets, setting the stage for ongoing debates within the cryptocurrency community.
