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[[edited under fair use]]

Welcome back in today’s video xrp and AD slamed by none other than Bitcoin Maxi Max Kaiser in an emotional Pro Bitcoin tweet well well well as you guys know Max Kaiser is an adviser over in El Salvador to the President naibu Kelly he’s also a Bitcoin maximalist has been

For many years calls pretty much any altcoin out there a scam and uh sh coin and so that’s kind of where we’re at now in my view personally I understand where he’s coming from I understand that he’s a maximalist and that I’m not and that

Many of you guys are not as well but I like to understand what the maximalists are thinking and how they think about other cryptos because keep in mind they are having these conversations with very high level officials around the world and when the money starts flowing into

Crypto it’s very interesting to to watch where it’s going to be flowing is it just Bitcoin is it the altcoins or is it both well let’s get into today’s video and make sure you guys are subscribe to the channel give the video a free thumbs

Up I upload every single day of the year to bring you the latest happening in the financial World remember thumbs up are free but cardano is not anyway Bitcoin supporter and one of the earliest Bitcoin buyers Max Kaiser took a jab at several top 10 alt coins by market

Capitalization as well as nonf funable tokens and Bitcoin ordinals he published an emotional tweet slamming xrp Ada ethereum binance usdc nfts and ordinals on various chains as what he calls sh coins saying that every bitcoiner should have an es coiner repellent and use it when necessary now I’m going to show you

Guys the exact tweet in just a minute but he often targets his critical tweets at altcoins believing that Bitcoin is the only crypto that that deserves to exist and that Bitcoin is the only decentralized commodity of the market in digital currencies while altcoins in his view are unregistered security since

They were created and are often governed by teams of developers that created them in other tweets he named $50,000 price levels as the new immediate Target for Bitcoin uh he says that it could have reached this price much earlier but uh immediately after the spot-based Bitcoin

ETF was issued by the SEC the price soared above $49,000 however this is where the massive sell-off began as Traders started to exit the buy the rumor sell the news event now I don’t necessarily um listen we know that a lot of the reason that there’s a selloff and the

Price is not going higher from all these Bitcoin ETF issuers buying literally billions of dollars of Bitcoin is because number one we have the grayscale selloff a lot of these issuers uh uh they basically were invested themselves in gbtc and now they’re exiting to go put their money in their own in their

Own basket right their own ETF that’s number one number two we knew FTX was actually selling a lot of their crypto while this was all going on and while you may say well they didn’t have any Bitcoin at the time that they went bankrupt that’s true but they recovered

Some afterwards from whatever methods maybe converting other cryptos into Bitcoin or whatever the situation is we also know Celsius was selling Bitcoin as well US Government selling Bitcoin so a lot of Bitcoin going on the market pushing that price down as these ETFs are basically bailing out because if we

Had all the selloff from FTX and Celsius and US Government if we had all that sell off and no major Catalyst on the other end of that cell for buying the price would have cratered even further which makes me wonder was The Regulators trying to prevent Bitcoin from crashing in and

They did this as kind of like a bailout for all of the people who had their money in FTX but anyway back to all of the altcoin drama um so on another uh tweet Kaiser commented that Bitcoin sale by grayscale and its customers who were selling gbdc and he stated that he

Expects Bitcoin to hit $50,000 at the next big Target and uh I don’t know we’ll have to wait and see if that is actually going to happen but let’s get to the actual tweet that Max sent out it says bitcoiners are sh coiners eth Ada xrp BNB usdc nfts and ordinals

Intolerant so he’s basically saying bitcoiners are shitcoin coiner intolerant and everyone should carry a can of shitcoin repellent and do what this guy does let’s watch what he does he smelled himself and then sprayed her uh so basically yeah basically saying that you need scoin repellent and he basically believes that everything in

Crypto besides Bitcoin is shitcoin and obviously keep in mind there’s maximalist in every ecosystem there’s ethereum maximalist that their all their money’s in ethereum so ethereum can do no wrong and they don’t even admit that ethereum is controlled largely by the Banks largely by JP Morgan right and so

This happens in every ecosystem here in crypto but it is very interesting to kind of watch the Meltdown as these Bitcoin Maxis like Max are realizing that wait there are other currencies that are potentially going to compete with Bitcoin in terms of you know what the technology can do because

Bitcoin they’re they’re just they’re not trying to you know build layer twos layer 3es layer fours it doesn’t seem like that’s what the core of what Bitcoin is and that’s fine but while all of these other Technologies are doing this to say that they have no value and that they’re valueless because your

Bitcoin coin your Mighty Bitcoin is the best well then why can’t Bitcoin do these other things that altcoins can do and in some ways they’re trying to get there but then you have the Bitcoin maximum saying no no no we don’t want Bitcoin ordinals because this is Spam

This is not what the network was made for and it’s like what I thought the network was made to for Freedom right for freedom of exchange of value and a store of your value right it’s not all about money go up but a lot of people

Think that it is and so this is as we’re going into this next cycle we have to be able to filter what is kind of like why are people saying the things that they’re saying about any of these cryptos right if they’re Pro crypto why are they saying it if they’re anti-

Crypto why are they saying it a lot of times especially in the the financial world it’s because there’s there’s incentives behind it right why are they promoting Bitcoin why is Kathy Wood saying her Arc invest is better and gr skill saying their ETF is better and

Black rock saying is their ETF is better because they all want their ETF to succeed now they’re not saying that the other ones shouldn’t but they want more people to you know invest in their e Bitcoin ETF rather than their competitors and so in my view that’s why

I always say you have to do your own research right I try to be as neutral and bias as POS unbiased as possible on this channel but sometimes my own bias gets in in the way right because I do believe in an asset I do believe in a

Project but I try to separate that bias from my investing thesis and my investing strategy for instance I love cardano as a project and believe that there there’s a lot of growth potential but I don’t necessarily own this asset when I’m recording this video because I don’t know that it’s investable uh

Compared to these other blockchains and newer chains that are popping up that are going to do better in my view right in if you look at like brand new coin Manta goes into the top 10 in defi overnight and the price is pretty strong post the the launch of their their token

These are pretty interesting signs as we’re moving forward and understanding the interoperability and the teams that are behind the Manta Network and Celestia this makes me kind of bullish on these coins as well and so that’s kind of like the way that I look at it

Right I try to look at this whole broad crypto ecosystem and financial markets and look for the best opportunities to increase my wealth make money in these markets and basically protect my financial future for retirement which I think everybody should do now whether you’re trading the market or long-term

Investing or looking for entry points you know obviously continue to do due diligence understand what you’re investing in understand you know why maximalists are anti the other cryptos and why an the other cryptos are anti you know Bitcoin for instance because some are some are anti usdc some are

Anti- tether some are anti-stable coins altogether what are your views on this let me know Down Below in the comments make sure you guys are subscribed to the channel give the video a free thumbs up and I’ll see all of you right here tomorrow invest responsibly do your own research and crypto on