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Max Keiser Slams Dogecoin, Responding to Elon Musk's Tweet

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Fri, 2/02/2024 - 15:15
Max Keiser Slams Dogecoin, Responding to Elon Musk's Tweet
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Vocal Bitcoin proponent and maximalist Max Keiser has taken to the X/Twitter social media platform to take a jab at another top 10 altcoin. While, Bitcoin advisor Keiser usually aims his critique at such cryptocurrencies as XRP, ADA and SOL, this time, he responded to a tweet posted by Elon Musk and chose DOGE as a new target.

Keiser bashes DOGE, praising BTC

Max Keiser quoted Elon Musk’s tweet about the U.S. government and the “Committee of Public Safety” that saw a large number of people executed during the French Revolution. In his critique, the Bitcoin maximalist slammed Dogecoin as an s-coin and shared statistics of the homicide rate in El Salvador falling substantially lower than in such counties as South Africa, Jamaica and even the U.S. (Chicago in particular).

Keiser believes that the high crime rate all over the world is due to those countries using fiat currencies, unlike El Salvador, where in 2020 President Nayib Bukele adopted Bitcoin as the national currency.

In his recent tweets, Max Keiser has slammed XRP and SOL, calling them “centralized garbage” and predicting that they are on their way to collapse to virtual zero against Bitcoin.

Earlier this week, Keiser criticised BNB, ETH, ADA and XRP in a humorous tweet, while singing serenades to Bitcoin.

BTC, USDT can buy you Salvadorian citizenship

Aside from Bitcoin, El Salvador and Keiser also support Tether’s USDT. The thing is that this nation-state tries to attract new wealthy citizens and offers them a chance to apply for a visa and citizenship for an entrance fee of $1 million worth of Bitcoin. As of the first week of December, there were 153 individuals (whose families are also eligible) who have signed up for Salvadorian citizenship.

In case all of them are approved to undergo the “Adopting El Salvador Freedom” program, $153 million worth of Bitcoin and/or Tether will flow into the country’s economy.

Related

Bitcoin market performance

Over the past 24 hours, the world’s leading cryptocurrency, Bitcoin, demonstrated an increase of almost 3%, rising from $41,985 to the $43,150 zone. 

However, today Bitcoin printed a massive red hourly candlestick as it abruptly went down by 1.17%. At the time of this writing, BTC is exchanging hands at $42,625 on the Bitstamp exchange.

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