Max Keiser Takes Swipe at Dogecoin Following Elon Musk's Tweet

Bitcoin maximalist and vocal proponent Max Keiser has responded to a tweet by Elon Musk, taking a jab at Dogecoin (DOGE) on the X/Twitter social media platform. Keiser, known for his critiques of various altcoins, including XRP, ADA, and SOL, criticized DOGE in response to Musk's tweet about the U.S. government and the "Committee of Public Safety" during the French Revolution.

Keiser's Critique of Dogecoin

Max Keiser referred to Dogecoin as an "s-coin" and highlighted statistics on homicide rates, comparing El Salvador's substantial decrease in crime to countries using fiat currencies. Keiser attributed the high crime rates worldwide to the use of fiat currencies, contrasting it with El Salvador, where Bitcoin was adopted as the national currency in 2020.

Keiser's Recent Altcoin Critiques

In recent tweets, Max Keiser has criticized other altcoins, such as XRP and SOL, referring to them as "centralized garbage" and predicting their potential collapse to virtual zero against Bitcoin. Earlier in the week, he humorously criticized BNB, ETH, ADA, and XRP while expressing his admiration for Bitcoin.

El Salvador's Bitcoin Adoption

Max Keiser, alongside El Salvador, supports Bitcoin and Tether's USDT. El Salvador offers wealthy individuals the opportunity to apply for citizenship for an entrance fee of $1 million worth of Bitcoin. The "Adopting El Salvador Freedom" program has attracted 153 individuals, potentially bringing $153 million worth of Bitcoin and/or Tether into the country's economy.

Bitcoin Market Performance

Bitcoin demonstrated a nearly 3% increase over the past 24 hours, rising from $41,985 to the $43,150 zone. However, a subsequent significant red hourly candlestick led to a 1.17% decline, with BTC currently trading at $42,625 on the Bitstamp exchange.

Max Keiser's criticisms and support for Bitcoin continue to contribute to the ongoing discourse surrounding various cryptocurrencies.