Popular Bitcoin proponent Max Keiser says Ripple (XRP) will lose its ongoing lawsuit with the US Securities and Exchange Commission (SEC) based on recent legal pressure. told.
Keiser especially emphasized that SEC Chairman Gary Gensler is keen to remove XRP from the market. This gives the impression that Ripple is treated separately from other cryptocurrencies and is under institutional pressure. Keiser argues that the SEC Chair tends to classify Ripple’s XRP as a potential security, so the case is not actually about legal ground.
Keiser also noted that El Salvador’s decision to recognize Bitcoin as a legal tender shows that the government is taking significant steps to eliminate all other unregistered securities.
It’s worth noting that Keiser has previously criticized the declining popularity of cryptocurrencies, including XRP, calling them “sh*tcoins”. Keiser has implied many times that he believes altcoins are less valuable than Bitcoin. Moreover, he argued that Bitcoin’s status as the most popular cryptocurrency combined with its limited supply makes it a better long-term investment opportunity.
While Keiser predicts that Ripple will lose the case, some of the XRP community remains optimistic about a possible outcome. Members of the XRP community opposed Keiser’s views on cryptocurrency and his support of Bitcoin.
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