Keiser: Ripple operates as a Ponzi scheme, SEC will eliminate XRP.

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Keiser: Ripple operates as a Ponzi scheme, SEC will eliminate XRP.

Notable Bitcoin advocate and steadfast supporter Max Keiser has once again criticized Ripple on Twitter.

  • Keiser, who also serves as an advisor on Bitcoin to the President of El Salvador, openly condemned Ripple, its CEO Brad Garlinghouse, and the company’s cryptocurrency, XRP.
  • He acknowledged that the US Securities and Exchange Commission is overstepping its bounds, but he believes this “won’t prevent them from eliminating XRP and every other altcoin.”
  • According to Keiser, Bitcoin is the sole exception.
  • Looking ahead, he further stated that:

“… there’s practically no rule of law at all in Wall St/finance for those with money and influence. Brad Garlinghouse has been investing heavily to sustain his Ponzi scheme, but he cannot outspend the Feds & Jamie Dimon.

It’s a question of when, not if, XRP will be taken down.”

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