Max Keiser said that Ethereum is a “useless ponzi scheme”.
Bitcoin maximalist Keiser has once again targeted the leading altcoin.
Max Keiser Uses Ponzi Scheme Phrase for Ethereum
Max Keiser responded to a tweet saying that the circulating supply of Eth is actually more. In the aforementioned tweet, it was stated that there was more than 122 million Eth as opposed to 120.6 million Eth.
Keiser is known for his opposition to all cryptocurrencies except Bitcoin. Keiser, who was previously known for attacking Ethereum, used the phrase a centralized scam for the asset.
Besides Eth, Keiser also targeted Cardano. Keiser, who went so far as to call Cardano founder Charles Hoskinson a “terrorist”, argued that the ADA token should be banned in the state of Wyoming. However, it is worth remembering that Hoskinson is one of the co-founders of Ethereum.
The long-awaited Ethereum Merge upgrade has occurred, and the network has switched from the Proof of Work algorithm to the Proof of Stake.
According to estimates, global energy consumption fell by 0.2% after this transition.
Etheruem is trading at $1,338 at the time of writing, according to CoinMarketCap data.
