[Bitcoin Maxi reveals why BTC is better than ETH, SOL, XRP and other altcoins]
Bitcoin maximalist Fred Krueger recently issued a scathing critique of the top 19 cryptocurrencies, stressing that he believes Bitcoin (BTC) remains the best choice for investors. He pointed out the shortcomings of major altcoins such as Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Krueger started by talking about Ethereum, noting that it has fallen significantly since 2019 from a high of 0.12 ETH/BTC and is now down to 0.056. He mentioned Ethereum’s ongoing downward trend against Bitcoin and Consensys’ legal dispute with the U.S. Securities and Exchange Commission (SEC). Additionally, he highlighted ETH’s centralization issues.
Stablecoins such as Tether (USDT) and USD Coin (USDC) have also received criticism. Krueger believes that USDT has no potential to increase in value and still does not pay interest at an interest rate of 5%. He also mentioned that USDC was decoupled a few years ago and its assets under management (AUM) also declined.
Krueger criticized Binance Coin (BNB) for being a highly centralized exchange token and noted that BNB’s decline was inevitable as Binance faces regulatory challenges and its former CEO Changpeng Zhao (CZ) faces possible jail time. Likewise, Solana (SOL) is viewed as a “fully centralized meme coin factory” prone to periodic outages.
Additionally, Krueger noted that SOL has fallen 40% against Bitcoin since 2022, despite its recent rebound. He believes Ripple’s XRP has no practical use and is mainly driven by promoters. Dogecoin (DOGE) has been called "a literal joke" without any commendable features or important uses.
Meanwhile, Shiba Inu Coin (SHIB) is considered a poor imitation of Dogecoin. Other cryptocurrencies such as Toncoin (TON), Cardano (ADA), and Avalanche (AVAX) have also received heavy criticism. TON is viewed as a “telegraph currency” with limited uses and regulatory difficulties.
Krueger described ADA as a "useless PhD coin" promoted by someone who was skeptical of Bitcoin's future, alluding to Cardano founder Charles Hoskinson. Furthermore, AVAX is considered to be worthless and underutilized. Krueger also didn’t let go of Chainlink (LINK), Polkadot (DOT), and Tron (TRX).
He questioned the usefulness of LINK, believing that DOT was overpriced and relied mainly on the reputation of its co-founders, while TRX was known as a "scam network" mainly used for Tether transactions. Bitcoin Cash (BCH) is considered a “useless Bitcoin fork.”
He also criticized Near Protocol (NEAR) and Polygon (MATIC), saying they were overly complex, lacked users and underperformed. Additionally, Litecoin (LTC) is considered to have no use case, with Krueger arguing that it only exists because of its early inception. PEPE, a frog-themed meme coin, has been mocked for its high market capitalization.
Krueger concluded that these altcoins are “really a joke” because their combined market capitalization of $500 billion is nowhere near Bitcoin’s $1.3 trillion. His comments underscore his belief that BTC remains the only viable investment option in the cryptocurrency market.
