In the month of June 2021, El Salvador declared Bitcoin as a legal tender in the country, and along with that El Salvador has also stated that no other crypto apart from Bitcoin will be accepted in the country as a legal tender. Noted as since
“It’s impossible to have ten legal tenders and having two of them – the U.S dollar and Bitcoin is already challenging,” stated El Salvador’s president Bukele.
In addition to this Keiser in his recent tweet has claimed that Cardano is not a decentralized token in comparison with a truly decentralized token Bitcoin.
He further defined Ethereum as the “worthless coin and scam”, referring to Hoskinson as a terrorist. He is been wondered as well why ADA has not been prohibited in the state of Wyoming by pro-crypto politicians Senator Cynthia Lummis.
Keiser continuing his anti-Cardano tirade said that El Salvador president Nayib Bukele “threw Hoskinson out of the country and effectively banned him along with other terrorists.”
Earlier this week it has been reported that the two U.S Senators named Kirsten Gillibrand from New York, a member of the Democratic party, and republican Cynthia Lummis from Wyoming had proposed a new crypto bill.
The bill includes the regulatory requirement of Bitcoin and Ethereum as commodities and is to be overseen by the CFTC. The rest has to be defined as securities apart from ancillary assets named Solana and Cardano, according to the bill.
Max Keiser, referring to this bill, wondered why Senator Lummis had Ethereum next to Bitcoin as a commodity, while Keiser believes ETH and anything except BTC to be a centralized scam. Meanwhile, the Senator told CNBC that Bitcoin “Shines as a store of value” and should be part of a 401K retirement plan.