Ethereum<\/a>, the largest altcoin and Bitcoin<\/a> had battled it out for the number one and two spots in the market cap rankings. The incredible rise of NFT<\/a>s and DeFi<\/a> spurred waves of investment into Ethereum. This lead some in the industry to believe that Ethereum could flip Bitcoin<\/a> by the end of 2022. However, some still consider Ethereum and Altcoins under the \u201cscam\u201d category.<\/p>\n Max Keiser<\/a>, host of the Keiser Report and co-host of The Orange Pill Podcast falls under this category. The said executive appeared<\/a> at a Kitco News interview to portray his narrative.<\/p>\n 4 million people in El Salvador were airdropped #Bitcoin<\/a>, but are they actually using it?@MaxKeiser<\/a> tells @MichelleMakori<\/a> what it’s really like in the world’s first country to adopt $BTC<\/a> as legal tender \u2014 Kitco NEWS (@KitcoNewsNOW) January 27, 2022<\/a><\/p>\n<\/blockquote>\n Popular cryptocurrency strategist and former Wall Street trader clearly wasn\u2019t a fan of the altcoins, despite the immense hike. Altcoins, and Ethereum in particular, were \u201cjust outright scams\u201d and would eventually cease to exist as per the interviewee. He stated<\/a>:<\/p>\n \u201cEvery single day people are waking up to the fact that [altcoins] are just scams. They\u2019re just outright scams.\u00a0These DeFi projects routinely blow up, people are constantly getting blown up. [These protocols] are living in a grey area that\u2019s outside of all regulation.\u201d<\/p>\n<\/blockquote>\n Anything other than Bitcoin, wasn\u2019t sustainable by nature nor had characteristics like BTC, such as scarcity, decentralization, etc. Bitcoin, Keiser added, was the best sound money solution for mankind.<\/p>\n \u201cBitcoin 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,\u201d he added<\/a>.<\/p>\n<\/blockquote>\n He saw\u00a0Bitcoin\u2019s current state of adoption as similar to the type of adoption the internet had in its early days. Eventually, BTC\u2019s usage would be \u201cubiquitous.\u201d<\/p>\n Keiser used to hold gold but moved his holding to BTC and here\u2019s the reason.<\/p>\n \u201cOver the years, we\u2019ve had this discussion of Bitcoin versus gold, and every year now, the case for 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,\u201d he asserted<\/a>.<\/p>\n<\/blockquote>\n Needless to say, he remained undeterred concerning the flagship coin regardless of the correction, now or in the past. He estimated a figure of\u00a0$220,000 per Bitcoin as a 2021 target.<\/p>\n Hash rate precedes price. New ATH hash means new ATH price incoming. $220k in 2022 in play. pic.twitter.com\/Mq5yieGyji<\/a><\/p>\n \u2014 🇸🇻 Bitcoin Ambassador🌋 (@maxkeiser) January 3, 2022<\/a><\/p>\n<\/blockquote>\n Clearly, that wasn\u2019t the case in real-life scenario. It traded under the $50k mark at the end of last year. At press time, BTC was trading<\/a> in the green zone. According to CoinMarketCap, it surged by 4% and stood just under the $38 mark.<\/p>\n<\/p><\/div>\nJust outright scams<\/strong><\/h3>\n
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*Watch the full interview https:\/\/t.co\/EclWw5jjmy<\/a>\u00a0👈
\u00a0#btc<\/a> #crypto<\/a> #USD<\/a> pic.twitter.com\/gyVBQdy9Di<\/a><\/p>\n\n
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Rising above its competitors\u00a0<\/strong><\/h3>\n
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