Although Bitcoin experienced a sharp decline in 2026, Jimmy Song, the developer of Bitcoin Core and known as a maximalist, made the following important statement: $BTC And altcoins.
At this point, Jimmy Song claimed in his latest interview that Bitcoin is not a technology but a better currency and said that all altcoins are scams.
Jimmy Song says the biggest misconception about Bitcoin is seeing it as just a technology.
He argues that Bitcoin should not be understood as a better technology, but as a better form of money.
While Song has unwavering faith in Bitcoin, he is fiercely critical of altcoins. Citing Ethereum and Solana as examples, he expressed surprise at investors’ indifference to cyberattacks on projects such as: $ETH and $SOL. He argues that this attitude shows that investors prefer gambling to making money.
Therefore, he believes that all altcoins including: $ETH and $SOLit’s a scam.
Despite Bitcoin’s decline, Song said he still believes Bitcoin has outperformed altcoins. $BTCThe ultimate victory will only be achieved when it becomes the world’s reserve currency.
Song also drew parallels between the current state of artificial intelligence and Bitcoin’s GPU mining era from 2010 to 2012.
Song argues that the advent of specialized chips similar to ASICs will greatly improve the efficiency of AI, and that the resources and capital currently focused on AI will eventually return to Bitcoin as the most reliable asset.
*This is not investment advice.
