Renowned Bitcoin maximalist Max Keiser has once again unleashed scathing criticism on Ethereum (ETH), the second-largest cryptocurrency by market capitalization, reiterating his belief that ETH is destined for failure compared to Bitcoin (BTC). Keiser minced no words in asserting that Ethereum will ultimately plummet to zero against the backdrop of Bitcoin's dominance.

Max Keiser, a former Wall Street trader turned Bitcoin advocate, took to Twitter to reaffirm his staunch opposition to Ethereum, a sentiment he has expressed in the past not only towards ETH but also towards other altcoins like XRP, ADA, and SOL. As a fervent proponent of Bitcoin maximalism, Keiser views any cryptocurrency apart from Bitcoin as centralized and akin to unregistered securities.

In his recent tweet, Keiser fortified his argument against ETH with several key points elucidating why he believes Ethereum is "heading to zero against Bitcoin." He underscored that Ethereum lacks the status of a commodity, unlike Bitcoin, and does not operate on the proof-of-work algorithm that underpins Bitcoin's decentralized architecture. Furthermore, Keiser highlighted that in El Salvador, where he currently resides as a Bitcoin advisor to President Nayib Bukele, Ethereum, along with other altcoins, is categorized as an unregistered security.

While Bitcoin was initially classified as a commodity by the U.S. Securities and Exchange Commission (SEC) due to its decentralized nature, Ethereum later received a similar classification. However, recent debates have reignited discussions on Ethereum's regulatory status, with uncertainties looming over whether ETH will retain its designation as a commodity. The SEC's recent preliminary approval of spot Ethereum exchange-traded funds (ETFs) required issuers to omit staking features from their filings, following the regulator's legal action against U.S. exchanges Coinbase and Kraken for offering staking services to clients, which included ETH among other altcoins.

Adding fuel to the fire, another prominent Bitcoin maximalist, Samson Mow, chimed in on a recent Ethereum price prediction by VanEck, a financial services firm. VanEck had announced an ambitious price target of $22,000 for ETH by 2030, citing factors such as the approval of spot Ethereum ETFs and advancements in Ethereum's blockchain scalability. Mow, however, dismissed this projection with a single word: "LMAO," expressing skepticism towards the feasibility of such a bullish forecast.

As Bitcoin maximalists like Max Keiser and Samson Mow continue to cast doubt on Ethereum's long-term prospects, the rivalry between Bitcoin and Ethereum persists, underscoring the deep ideological divides within the cryptocurrency community.