Max Keiser believes XRP holders' expectations for a price rally are futile, mocking their optimism in a recent tweet.
The SEC's ongoing legal battle against Ripple continues to impact XRP's price, with a recent appeal triggering a price drop.
Ripple has spent over $200 million defending itself in court, showing no signs of backing down despite the mounting legal challenges.
Vocal Bitcoin supporter Max Keiser recently took a jab at XRP holders, claiming their hopes for a price surge are baseless. Keiser, a former financial journalist, is well-known for his staunch support of Bitcoin and his position as a Bitcoin advisor to El Salvador's president, Nayib Bukele. El Salvador made history by adopting Bitcoin as its official legal currency.
Keiser Mocks XRP Holders
In a recent tweet, Keiser posted a 15-second video of a fledgling crow attempting to eat a worm but failing to make any effort to catch it. Keiser drew a comparison between the bird’s inaction and XRP holders waiting for a price rally that he believes will never happen. He wrote, “XRP holders waiting for the rally that is NEVER GOING TO HAPPEN,” continuing his criticism of altcoins.
https://twitter.com/maxkeiser/status/1842360039350100083
Ongoing Criticism of Altcoins
Keiser is an outspoken Bitcoin maximalist and has repeatedly criticized altcoins such as XRP, SOL, ADA, and ETH, labeling them as centralized and dismissing their long-term value. He has previously voiced his support for the U.S. Securities and Exchange Commission's (SEC) stance that these cryptocurrencies are unregistered securities. His criticisms have been particularly sharp against XRP, which he once said was designed to exploit “witless fools,” referring to the ongoing SEC lawsuit against Ripple.
Keiser's latest comments follow the SEC’s recent appeal against the court ruling in its lawsuit against Ripple. The agency filed its appeal after a judge’s decision that partially favored Ripple. This development led to a significant drop in XRP's price, amplifying Keiser's criticism of the cryptocurrency. Ripple CEO Brad Garlinghouse expressed frustration with the appeal, describing it as “misguided.” Ripple has invested over $200 million in its legal fight, with $125 million in fines already paid.
Ripple Continues Legal Battle
Despite the legal challenges, Ripple remains determined to defend itself against the SEC. The company’s executives, including Garlinghouse, have vowed to keep fighting until a final victory is secured. As the legal battle continues, the future of XRP remains uncertain, while Bitcoin enthusiasts like Keiser remain firm in their belief that Bitcoin is the only viable cryptocurrency.
