Max Keiser: SEC will target other altcoins after Ripple

Max Keiser says the SEC won’t stop at Ripple. It will target other coins such as Stellar and Cardano as it acts as a Bitcoin “drone” .

XRP and other alternative coins will be destroyed

The charges brought by the us securities and exchange Commission against Ripple have had a negative effect on the company and its own token. Due to the sharp drop in the value of XRP over the past few days and the exclusion of the asset from the list of some exchanges, the charismatic and restless Max Keiser said that Ripple is the first of many to fall, and the actions of the SEC will ultimately benefit Bitcoin.

Earlier, the SEC filed charges against Ripple, alleging that the payment system conducted an unregistered offer of securities worth $ 1.3 billion. Although the company’s legal team and CEO have insisted that the allegations are wrong and that Ripple will eventually prove it, the negative consequences are already evident.

XRP has fallen from $ 0.65 to $ 0.21 in a few days, and even though it managed to recover to around $ 0.37 today, it’s still down significantly. The asset lost its position as the third largest cryptocurrency, losing it to Tether. Some exchanges and industry companies have removed it from the list, while others are actively discussing the possibility.

However, it seems that the negative effects have spread to most other altcoins. As previously reported, the market saw a multiple double-digit drop in Alt prices, while BTC remained above $23,000. Consequently, Bitcoin’s dominance has grown to around 68% over the past few days.

Despite the sharp drop in XRP prices, popular TV host Max Keyser recently predicted that the token could collapse by another 99%.” He highlighted the growing dominance of BTC, however he said that when adjusted for fraud, it is already at 95%.

He argued that the SEC is operating as A “ bitcoin drone and will continue to pursue others like Stellar, Cardano and others.

“It`s Bitcoin that changes you, and not you who changes BTC”

Keyser, who previously said he started accumulating BTC when they it was traded at $ 1, spoke about the actions taken by MicroStrategy founder and CEO Michael Saylor, and hedge Fund Manager Paul Tudor Jones. Like the SEC, Keyser called them both “ bitcoin drones”.

According to Keiser, Saylor began “ borrowing hundreds of billions to buy MTC, and talking to CEOs around the world”. MicroStrategy did recently initiate a similar venture that led to the purchase of $ 650 million worth of BTC, while Saylor openly praised the asset in front of the likes of Tesla’s Elon Musk and SkyBridge Capital.

On the other hand, Jones pushed additional hedge funds to buy BTC, Keiser explained.

The TV host did not miss the opportunity to criticize well-known bitcoin critics, namely Peter Schiff, Paul Krugman and Nouriel Roubini. Keiser said: “Bitcoin just destroys them, and we watch their minds turn to jelly in real time as the BTC provokes their insecurities and neuroses”.

Once BTC completes the transformation of the willing and the destruction of the wicked, the cryptocurrency will turn its attention to Central banks, some of which will collapse, causing huge disruptions. But no one who has followed the crypt will be surprised”.

Ultimately, Keiser said that BTC “greedily destroys everything that comes its way. You don’t change Bitcoin. Bitcoin is changing you”.

Source: https://news.bit.team/max-keiser-sec-will-target-other-altcoins-after-ripple/

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Official website: bit.team

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