Max Keiser Takes Big Dig At XRP, Says Ripple Created It To ‘Steal Billions From Fools’

Bitcoin maximalist and financial journalist Max Keiser continues his verbal war against altcoins and their proponents. Once again, he has taken a jab at XRP and Ripple CEO Brad Garlinghouse. Keiser expects the coin to collapse hard in the future against Bitcoin.

Max Keiser Slams XRP, Predicting Price Crash

Max Keiser, the advisor to El Salvador’s president, has again taken to the X social media platform to bash the Ripple-affiliated crypto XRP.

This time, Keiser claimed XRP was designed by Brad Garlinghouse, the Ripple chief executive officer, “to steal billions from witless fools”. Keiser added that XRP “will continue trending to zero against Bitcoin.” For him, BTC is the “Perfect Money sent by God to unfuck our money.”

XRP will continue trending to zero against #Bitcoin #Bitcoin is Perfect Money sent by God to unfuck our money.

XRP is dogsh** pooped out by Brad to steal billions from witless fools like John Deaton. https://t.co/Q6twTS8Qy5

— Max Keiser (@maxkeiser) May 16, 2024

Notably, the Bitcoin OG deliberately refused to point out that XRP was actually launched in the market a few years before Garlinghouse took office at Ripple.

Keiser Lauds Centralized USDT

Although Max Keiser is a staunch Bitcoin advocate, he has recently started liking Tether’s USDT stablecoin. Keiser notes that USDT is centralized but still believes it’s a tool to obliterate the United States dollar.

Keiser then elaborated on why many people are converting their fiat money into USDT to access banking services. “Millions of people swap their fiat money for Tether because they don’t have bank accounts or access to banking services,” he tweeted, and “they use Tether like USD.”

It’s a centralized, play-money proxy to the $USD

Millions of people swap their fiat money for Tether because they don’t have bank accounts or access to banking services.

They use Tether like $USD

Tether, in turn, swaps all the fiat money people send them for US Treasuries… https://t.co/CTuxLgsGst

— Max Keiser (@maxkeiser) May 16, 2024

Keiser’s endorsement of Tether could stem from the firm’s recent decision to allocate 15% of its net profits to purchasing BTC.

Meanwhile, Tether has minted another $1 billion worth of USDT on Ethereum and Tron over the past 24 hours, bringing its market cap above $111 billion.  In the past year alone, Tether has minted a total of $31 billion USDT. Historically, Tether’s minting of USDT has catalyzed Bitcoin’s rally to new highs.