Max Keiser dismisses altcoins like ETH, ADA, SOL, and XRP as “centralized garbage.”
Bill Morgan counters, citing U.S. court rulings that distinguish assets from transactions.
The debate reflects growing divisions in the crypto community over altcoin legitimacy.
Crypto lawyer Bill Morgan has rebutted Max Keiser’s statements dismissing altcoins as failed projects destined for doom.
In a post on X, the Bitcoin maximalist slammed popular altcoins like Ethereum (ETH), Cardano (ADA), Solana (SOL), and XRP, calling them “centralized garbage” headed for failure.
“ETH is centralized garbage that will continue heading to zero against Bitcoin. Same for ADA, SOL, XRP, and 20,000 other shitcoins,” Keiser stated.
Keiser, a staunch Bitcoin supporter, has long been critical of altcoins, predicting their eventual downfall. The Bitcoin advisor also claimed any cryptocurrency that is not BTC is a worthless security. He added that Bitcoin is the only truly decentralized and secure cryptocurrency.
Last year, Keiser predicted XRP would hit $0, calling it a “dogsh**” project created by Ripple’s CEO Brad Garlinghouse to scam people out of billions. He also predict…
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