Fred Krueger, a well-known Bitcoin supporter, recently provided a harsh analysis of the top 19 cryptocurrencies. He explained why he thinks Bitcoin (BTC) is the best option for investors. Additionally, he pointed out the weaknesses of popular altcoins like Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).

Why BTC Beats Other Top Cryptos

Krueger started with Ethereum, noting its significant drop since 2019 when it was valued at 0.12 ETH/BTC. Now, it's down to 0.056 due to Ethereum’s continuous fall compared to Bitcoin. He also mentioned the legal issues Consensys faces with the SEC over Ethereum’s classification.

Krueger criticized Ethereum for being too centralized. He also targeted stablecoins like Tether (USDT) and USD Coin (USDC). According to him, USDT has no growth potential and doesn’t offer interest, despite the prevailing 5% interest rates. He also mentioned that USDC lost its peg a few years back and has seen a reduction in its assets under management.

Binance Coin (BNB) was also criticized for being a "highly centralized exchange coin." Krueger predicted its decline as Binance faces regulatory problems and its former CEO, Changpeng Zhao (CZ), may face jail time. Similarly, Solana (SOL) was called a "centralized meme coin factory" prone to frequent outages.

He also noted that SOL has fallen 40% against Bitcoin since 2022 despite recent gains. Krueger described Ripple’s XRP as having "no real use" and driven mainly by promoters. Dogecoin (DOGE) was dismissed as a "literal joke" with no significant purpose or use.

Krueger also criticized Shiba Inu (SHIB), calling it a poor copy of Dogecoin. Other cryptos like Toncoin (TON), Cardano (ADA), and Avalanche (AVAX) were heavily criticized. TON was labeled a "Telegram coin" with limited use and regulatory issues.

Bitcoin Maximalist Targets ADA, NEAR, and More

Krueger called ADA a "useless PhD coin" promoted by someone who doubts Bitcoin’s future, hinting at Cardano founder Charles Hoskinson. He also deemed AVAX as worthless and underused. Chainlink (LINK), Polkadot (DOT), and Tron (TRX) were not spared either.

He questioned LINK’s utility, described DOT as overpriced and reliant on its co-founder’s reputation, and called TRX a "scammy network" mostly used for Tether transactions. Bitcoin Cash (BCH) was described as a "useless fork of Bitcoin."

Krueger also criticized Near Protocol (NEAR) and Polygon (MATIC) for their complexity, lack of users, and poor performance. He claimed Litecoin (LTC) has no use case and only exists because it was created early. Additionally, he mocked PEPE, a frog-themed meme coin, for its high market value.

In conclusion, Krueger argued that these altcoins are "really jokes" with a combined market cap of $500 billion, which is far less than Bitcoin’s $1.3 trillion valuation. He strongly believes that BTC is the only worthwhile investment in the cryptocurrency world.