Keiser Says Only Bitcoin Matters, Slams US Politicians Over Involvement in “Shitcoins”

Max Keiser, a notable Bitcoin advocate, rebuked U.S. political leaders for promoting what he considers harmful crypto assets.  In an X post today, Keiser, who serves as adviser to El Salvador's President Nayib Bukele on Bitcoin matters, shared an image of Bitcoin's Proof-of-Work mining infrastructure alongside flag-draped military coffins, which he captioned as "Proof of War."  Bitcoin Maxi Keiser Slams US Politicians  Specifically, he used the image to argue that American politicians have sacrificed integrity and national security in favor of opportunistic businesses related to crypto assets besides Bitcoin, or "shitcoins," as he described them. Keiser asserted that if U.S. lawmakers concentrated exclusively on Bitcoin rather than supporting a broad range of unstable tokens, the country might avoid "the image on the right," referring to the war casualties.

The Bitcoin maximalist warned that prioritizing quick profits through "shitcoins" trades human lives for short-term gain. However, it remains unclear if he meant this literally or if the second image was merely a metaphor for some other form of damage. Coincidentally, Keiser's recent remarks align with a moment of rising tension, as the U.S. faces pressure during the ongoing Israel-Iran war. As a close ally of Israel, the U.S. now draws increasing attention from geopolitical analysts, who question whether it will take direct action in the conflict. Trump's Crypto Involvements Also, the comments land amid a wave of crypto-related controversies surrounding President Donald Trump and his family. Since his re-election in November 2024, Trump has doubled down on digital assets through policy and business involvement.  One of the most notable endeavors is the World Liberty Financial (WLF) DeFi platform, which launched in October 2024. Dubbed a decentralized alternative to traditional finance, WLF designates Trump as its "Chief Crypto Advocate."  His sons Eric, Donald Jr., and Barron serve as Web3 ambassadors. The platform raised $550 million by March 2025 through its governance token, WLFI, and surpassed $1 billion in total sales by January 20. Notably, a Delaware-based entity tied to the Trump family holds more than 22 billion WLFI tokens, valued at launch around $337.5 million. The same entity also receives the majority of protocol revenue. In March 2025, WLF also introduced a stablecoin, USD1. Controversies have followed these developments. Critics, including Senator Elizabeth Warren and legal experts, argue that Trump's roles as president and crypto entrepreneur raise red flags about conflicts of interest.  The TRUMP Memecoin and Other Involvements Meanwhile, Trump's crypto portfolio expanded further in January 2025 with the launch of the $TRUMP meme coin. The coin's value skyrocketed and later crashed, leaving over 800,000 wallets with losses exceeding $2 billion, while Trump-affiliated entities reportedly earned $100 million in trading fees.  On May 22, Trump hosted an exclusive dinner for top $TRUMP holders, an event some lawmakers described as veiled political fundraising. First Lady Melania Trump followed suit by launching her own token, $MELANIA, on Jan. 19. It quickly surpassed $1 billion in market cap, although it too faced criticism for being speculative and lacking utility. Despite these involvements, Trump has made official moves to support Bitcoin directly. In March, he signed an executive order establishing a U.S. Strategic Bitcoin Reserve, although Bitcoin maxis criticized the President for also creating an altcoin stockpile. His sons also announced a family investment in American Bitcoin, a mining venture where Eric Trump serves as Chief Strategy Officer. Trump's media company, TMTG, recently disclosed plans to invest $2.5 billion in Bitcoin.