Keiser Report host says altcoins are scam but Bitcoin is king
Max Keiser said Ethereum like altcoins are a scam. But Bitcoin is solving actual problems.
Despite based on traditional proof-of-work Consensus, Bitcoin getting support is more likely a king. In this crypto industry, there are a numbers of highly efficient crypto blockchain networks available which are far better but still, people are giving support to bitcoin as a top and best digital currency.
Max Keiser is the host of Keiser Report and also he is co-host of The Orange Pill Podcast. Recently he appeared in an interview with Kitco News to share his thoughts on this crypto industry.
4 million people in El Salvador were airdropped #Bitcoin, but are they actually using it?@MaxKeiser tells @MichelleMakori what it's really like in the world's first country to adopt $BTC as legal tender
— Kitco NEWS (@KitcoNewsNOW) January 27, 2022
*Watch the full interview https://t.co/EclWw5jjmy
#btc #crypto #USD pic.twitter.com/gyVBQdy9Di
Max said that altcoins ( coins except for Bitcoin) are just like scams. And also he noted that Defi projects are blowing up and also people are getting into it.
“Every single day people are waking up to the fact that (altcoins) are just scams. They’re just outright scams. These Defi projects routinely blow up, people are constantly getting blown up. (These protocols) are living in a grey area that’s outside of all regulation.”
Max also said that no one crypto assets have qualities like bitcoin, in terms of trust and decentralization. In this way, he appreciated Bitcoin as a problem solver for humans.
“Bitcoin solves a problem that humans have had for hundreds of thousands of years and that is a need to exchange value for value over space and time.”
Max also believes that the adoption of Bitcoin is just like the adoption of the internet in earlier days. He swapped his gold into Bitcoin because he believes that Bitcoin is at the top in comparison between Gold and BTC.
“Bitcoin is superior to gold. That story gets stronger and stronger. And therefore, some of the negatives of gold are more obvious and more disturbing.”
This support by Max Keiser is really a very appreciative thinking but probably he is wrong at some extent because Ethereum is not a scam. If Bitcoin is better at its place with its limited resources then Ethereum is standing in the crypto industry as best smart contract blockchain Network to use the blockchain technology in reality.
Read also: Visa saw $2.5B Transactions through its crypto linked cards
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