While Bitcoin experienced sharp declines in 2026, Jimmy Song, a Bitcoin Core developer and known maximalist, made important statements about BTC and altcoins.
At this point, Jimmy Song argued in his latest interview that Bitcoin is a better currency, not technology, and described all altcoins as scams.
Jimmy Song states that the biggest misconception about Bitcoin is viewing it simply as a technology.
He argues that Bitcoin should be understood not as a better technology, but as a better form of money.
Song, while having unwavering faith in Bitcoin, is vehemently critical of altcoins. He cites Ethereum and Solana as examples, expressing surprise at investors’ indifference to cyberattacks on projects like ETH and SOL. He argues that this attitude shows investors prefer gambling to making money.
Therefore, he claims that all altcoins, including ETH and SOL, are scams.
Despite the declines in Bitcoin, Song states that he still believes it has outperformed altcoins, and that BTC’s ultimate triumph will only be achieved when it becomes the world’s reserve currency.
Song also drew a parallel between the current state of artificial intelligence and Bitcoin’s GPU mining era between 2010 and 2012.
Song argues that the emergence of specialized chips similar to ASICs will significantly increase AI efficiency, and claims that the resources and capital currently concentrated in AI will eventually return to Bitcoin as the most reliable asset.
*This is not investment advice.
