In his latest Twitter post, Bitcoin advocate Max Keiser once again criticized Solana (SOL) and XRP tokens.
Keiser, known for his outspoken and humorous style, presented a bearish prediction on the future of SOL.
Labeling the Solana blockchain a “rug pull,” Keiser expressed his belief that SOL is nothing more than “centralized garbage.” In his typical harsh tone, he asserted a mathematical guarantee that SOL will eventually plummet to trade “at virtual zero against Bitcoin.”
Max Keiser’s Predictions for Solana
Since Jan. 11, Solana’s native token SOL has experienced a significant 26% decline, dropping from its peak of $107. The momentum coincided with a brief surge in Bitcoin following the approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission. SOL briefly reached a low of $79.34 on Jan. 23.
In his tweet, Keiser seized on this recent price downturn, confidently predicting that Solana would inevitably trade close to zero against the leading global cryptocurrency and digital gold, echoing a similar sentiment he recently shared about XRP.
$SOL Rug Pull UPDATE
$SOL is centralized garbage that is mathematically guaranteed to trade at virtual zero against #Bitcoin
BY CONTRAST: Bitcoin is Perfect Money, perfectly decentralized, sent by God to unfuck our money. https://t.co/5urVwK6osO pic.twitter.com/yLDPTG2Hth
— Max Keiser (@maxkeiser) January 23, 2024
In the past 24 hours, the targeted token recovered more than 10%, bringing its price back to $87.66. Notably, the Bitcoin advocate had made a bearish prediction about Solana at the beginning of the year, foreseeing a drop to $20. The token experienced a swift 15% decline to $96, which was still far from the $20 target.
Turning his attention to another altcoin, Keiser criticized XRP, claiming that the Ripple-linked coin would eventually crash to $0.01. Keiser staunchly supports the view that Bitcoin is the only truly decentralized cryptocurrency, emphasizing its origin as the creation of a single individual, Satoshi Nakamoto, who mysteriously disappeared from public view soon after the release of BTC.
In contrast, he dismisses altcoins as “centralized garbage” due to their team-based creation by IT engineers. Keiser also aligns with the SEC in its legal action against Ripple.
