Bitcoin Maximalist, Who Tore Up A $10 Bill In 2021, Calls XRP A 'Shi*coin'
Portfolio Pulse from Mehab Qureshi
Bitcoin proponent Max Keiser criticized XRP, calling it a 'shi*coin' based on El Salvador's legal position on crypto assets. The comment was in response to Ripple's CTO, David Schwartz, expressing concerns about the potential impact of the ongoing SEC vs. Ripple lawsuit on the US crypto industry.
May 25, 2023 | 5:59 am
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NEUTRAL IMPACT
Max Keiser's criticism of XRP may not have a direct impact on Bitcoin's price, but it highlights the ongoing debate about the legal status of cryptocurrencies.
Max Keiser's comments on XRP do not directly affect Bitcoin's price. However, the ongoing debate about the legal status of cryptocurrencies, including the SEC vs. Ripple lawsuit, may influence investor sentiment and the overall market.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Max Keiser's criticism of XRP as a 'shi*coin' based on El Salvador's legal position on crypto assets may negatively impact XRP's price in the short term.
Max Keiser's negative comments about XRP may influence investor sentiment and lead to a short-term decline in XRP's price. The ongoing SEC vs. Ripple lawsuit and concerns about the legal status of cryptocurrencies may also contribute to price volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100