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'Only Bitcoin is Secure': Max Keiser Calls Out XRP and Cardano

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Sun, 25/08/2024 - 12:41
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'Only Bitcoin is Secure': Max Keiser Calls Out XRP and Cardano
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Pavel Durov, a 39-year-old entrepreneur known for creating the instant messaging service Telegram, was arrested Saturday night at Le Bourget airport. According to the charges, which include terrorism, drugs, complicity, fraud, money laundering, he faces up to 20 years in prison.

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The native token TON, actively used in Telegram, has already reacted, falling 15% in price and 61.3% in total value locked in the blockchain.

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The reaction, of course, stirred social media, and in particular the crypto space. Among those who weighed in was Max Keiser, known for his maximalist views on Bitcoin (BTC) and as an advisor to Nayib Bukele, president of El Salvador.

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In a new post on X, Keiser stressed that BTC remains the only truly secure cryptocurrency. He pointed out that other altcoins, such as XRP and Cardano, are more susceptible to legal problems, while Bitcoin's creator, Satoshi Nakamoto, remained anonymous to avoid those risks.

Bitcoin next?

The wisdom of the anonymous Bitcoin co-founder regarding his incognito has definitely played out in new colors yesterday.

However, there is also the opinion that if the authorities succeed in the Durov case, Bitcoin will not survive for long, and if Satoshi Nakamoto's identity could be determined by Interpol methods, he would have been arrested long ago. Either way, BTC is in the crosshairs, some believe.

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If Telegram falls, the first cryptocurrency may also fall, although they are not connected externally or internally. Skeptics believe that the government, having won once, will want to repeat the banquet.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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