XRP Slammed by Max Keiser as 'Made to Steal Billions From Fools'

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In a recent tweet, Keiser once again stated that he expects XRP to continue declining to zero against Bitcoin., the Ripple CEO, “to steal billions from witless fools.” Keiser chose not to mention that XRP emerged several years before Garlinghouse took the chief executive position at Ripple Labs. While being an adept of decentralized Bitcoin, Keiser has recently taken to appreciating USD-backed stablecoin USDT issued by Tether. Keiser admits that this stablecoin is centralized. However, he sees in it a means to crash the fiat U.S. dollar. He tweeted about this digital currency: “It’s a centralized, play-money proxy to the USD.

Over the past 24 hours, Tether has issued a whopping $1 billion worth of stablecoins on the Tron chain. In the past year, 31 billion USDT have been emitted by this company on both Tron and Ethereum, according to a tweet published by the @lookonchain analytics X handle.Millions of people swap their fiat money for Tether because they don’t have bank accounts or access to banking services.

Keiser is positive that these actions are killing the U.S. dollar as a global reserve currency “by issuing a fake version that millions use and putting the interest from investing in US Treasuries into Bitcoin.”Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

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