With all due respect, Michael Saylor has done an incredible job pushing Bitcoin, but he shouldn’t be the one setting the framework for the entire crypto market.

We already know where he stands—if it’s not Bitcoin, he either sees it as garbage or a security. That’s not the…

— David Gokhshtein (@davidgokhshtein) February 26, 2025

Gokhshtein’s Perspective on Leadership in Crypto

Gokhshtein’s tweet highlights a critical issue within the cryptocurrency space: the need for leadership that extends beyond Bitcoin. He emphasized that while Saylor has been instrumental in promoting Bitcoin adoption, his perspective is too rigid when it comes to other digital assets.

According to Gokhshtein, Saylor sees anything outside of Bitcoin as either “garbage” or a security, a viewpoint that does not align with the needs of an industry that continues to expand beyond a single asset.

Instead, Gokhshtein suggests that the industry requires a leader who recognizes the full potential of blockchain technology and its diverse applications. He specifically pointed to Charles Hoskinson, co-founder of Ethereum and founder of Cardano, as a suitable figure to help shape the future of the space. Hoskinson has been involved in multiple blockchain projects and has consistently advocated for a multi-asset ecosystem.

Community Reactions

Gokhshtein’s statement sparked significant discussion within the crypto community, with many supporting his perspective.

Blistering EarthNode, a well-known figure in the space, agreed that crypto leadership should extend beyond personal investments, stating: “Agreed. We need someone that fights for the entire space, not just their bags. Charles is an OG in BTC, ETH and now ADA and Midnight. He gets it.”

However, not everyone agreed that Hoskinson should be the primary leader. EDO FARINA suggested that Brad Garlinghouse, CEO of Ripple, would be the right person for the role, tweeting: “The one person who should do this is @bgarlinghouse.”

The one person who should do this is @bgarlinghouse

— EDO FARINA 🅧 XRP (@edward_farina) February 26, 2025

Garlinghouse has been a vocal advocate for regulatory clarity and broader adoption of digital assets beyond Bitcoin. His leadership at Ripple has focused on integrating blockchain technology into global financial systems while pushing back against restrictive regulations.

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Kenneth_TCG also supported Gokhshtein’s argument, emphasizing the need for a more inclusive approach: “I agree, the future of crypto is bigger than just Bitcoin. A more open-minded approach from leaders like Charles Hoskinson could help the entire ecosystem grow and thrive.”

This sentiment aligns with the broader discussion about Bitcoin maximalism versus a multi-asset future. Many in the crypto space believe that true industry leadership should recognize and foster innovation across various blockchain platforms.

The Debate Over Bitcoin Maximalism

The discussion sparked by Gokhshtein’s tweet touches on a longstanding debate within the crypto industry: Bitcoin maximalism versus a more inclusive view of blockchain technology.

Saylor, as the executive chairman of MicroStrategy, has invested billions into Bitcoin and frequently promotes it as the only viable digital asset. His stance aligns with many Bitcoin maximalists who believe that other cryptocurrencies are either unnecessary or inherently flawed.

On the other hand, figures like Hoskinson advocate for a more diverse ecosystem where multiple blockchain projects can coexist and address different use cases. Cardano, Ethereum, and other platforms aim to provide smart contract functionality, decentralized applications, and other innovations that go beyond Bitcoin’s primary function as a store of value.

As the industry evolves, the question of who should help shape its future remains open. Whether it is Charles Hoskinson, Brad Garlinghouse, or another figure, many in the crypto space agree that leadership should embrace a more inclusive vision—one that recognizes the full potential of blockchain beyond Bitcoin.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In a tweet on 19th August, Gokhshtein genuinely showcased his confidence in SHIB’s inability to reach this milestone.

Read Also: Former Republican Congressional Candidate Sees Shiba Inu (SHIB) At $0.001, Says $1 Is Unlikely

To make his point more emphatic, he vowed to delete his X (formerly Twitter) account if SHIB were ever to hit $0.01. This surprising declaration from the former political candidate has caught the attention of Shiba enthusiasts worldwide.

$SHIB is not going to $0.01 or I’ll fucking delete this account.

— David Gokhshtein (@davidgokhshtein) August 18, 2023

Hindrances to SHIB Ascent to $0.01

Referring to the potential price point of $0.01, Gokhshtein shared his insight on two defining factors that could impede SHIB’s ascent. He mentioned the circulating supply and contract as potential hindrances to SHIB’s price growth.

According to Gokhshtein, SHIB surpassing the $0.01 threshold with the current supply implies that it will outgrow the United States’ total valuation.

And remember — current supply and contract.

Because that would mean it would be worth more than the United States of America.

— David Gokhshtein (@davidgokhshtein) August 18, 2023

A Shift in Stance by David Gokhshtein

Interestingly, it is worth noting that Gokhshtein had previously advocated for SHIB to reach $0.01. In a tweet from August 2022, he enthusiastically called upon SHIB to rise to this pivotal value.

Additionally, he pledged to sell his SHIB holdings should it ever reach this milestone. However, given the recent decline in the cryptocurrency’s value, Gokhshtein’s optimism has waned significantly.

I need $SHIB to do me a favor and go to $0.01.

Thanks.

— David Gokhshtein (@davidgokhshtein) August 16, 2022

Going back on his previous sentiment, Gokhshtein is beginning to question the likelihood of SHIB ever reaching the $0.01 mark. This contrasts starkly with his earlier support for Shiba Inu, in which he positioned himself as an unofficial leader for the cryptocurrency last year.

Read Also: Veteran Trader Peter Brandt and David Gokhshtein Believe Shiba Inu (SHIB) Has Entered Bull Cycle

SHIB’s Potential Valuation Could Reach $5.9 Trillion at $0.01

Despite skepticism regarding the likelihood of SHIB reaching $0.01, numerous holders still maintain hope in the cryptocurrency’s potential to reach one cent.

As of now, SHIB is being traded at $0.000008418, according to CoinMarketCap. Achieving the coveted $0.01 value requires a tremendous rally of 117,647% from its current price.

However, even with such an extraordinary surge, SHIB’s circulating supply of 589.33 trillion would result in a staggering market capitalization of approximately $5.9 trillion if it were to hit $0.01. This astronomical figure would undoubtedly make SHIB one of the most valuable asset classes globally, positioning it alongside some of the largest economies in the world, including the United States.

With Gokhshtein’s unwavering support for Shiba Inu despite his doubts about its price surge, it remains to be seen whether SHIB can achieve the projected milestones and captivate the crypto community with its immense potential.

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The staunch XRP supporter and holder has hit back at critics of the digital token and its major distributor, Ripple, the San Francisco-headquartered cross-border payment service provider. He stressed that the XRP community will keep growing regardless of the intensity of hate it gets from outsiders. 

David Gokhshtein wrote; “the more you toxic f’s hate on XRP, the bigger the army grows.”

The more you toxic f’s hate on $XRP, the bigger the army grows.

— David Gokhshtein (@davidgokhshtein) October 3, 2022

Related: Gokhshtein Media Founder: I Should Have Bought More XRP Rather than Meme Tokens

Among the notable Ripple and XRP antagonists in the space is Vitalik Buterin, the co-founder of Ethereum (ETH). In December 2020 when the Ripple-SEC lawsuit started, the Ethereum co-founder Vitalik Buterin called the XRP crypto asset, a shitcoin and subtly concurred with the ‘security’ claims from the United States Securities and Exchange Commission (SEC) about the XRPL native token. 

This he said in revenge to the statement made by the Ripple/XRP team that Ethereum (ETH) is a Chinese-controlled cryptocurrency. 

“Looks like the Ripple/XRP team is sinking to new levels of strangeness. They’re claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are Chinese-controlled,” Buterin wrote. 

Looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are "Chinese-controlled". https://t.co/ts02JqrTrB pic.twitter.com/mKwEzGIetk

— vitalik.eth (@VitalikButerin) December 22, 2020

Read Also: Ripple CEO Brad Garlinghouse Slams the SEC in Defense of Ethereum, Says He Holds BTC, ETH, XRP

Therefore, from the start of the XRP lawsuit, Ripple/XRP had no support from the Ethereum community. Again in August this year, Vitalik Buterin wrote, “XRP already lost their right to protection when they tried to throw us under the bus as “China-controlled” IMO.”

XRP already lost their right to protection when they tried to throw us under the bus as "China-controlled" imo:https://t.co/t6cbMtjsEV

— vitalik.eth (@VitalikButerin) August 17, 2022

Meanwhile, Ripple CEO Brad Garlinghouse noted that the crypto solutions company isn’t just fighting for XRP alone but for the entire crypto industry. In recent outcomes, Ripple has gained substantial backing from top companies, attorneys, and crypto proponents in the long-standing legal tussle with the Gary Gensler-led SEC.

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Interest in XRP seems to be on the rise as Ripple guns for victory in the ongoing court battle with the United States Securities and Exchange Commission (SEC).

A report by Santiment also showed that XRP is among the top five crypto tokens with a high rate of social activity and discussion.

David Gokhshtein Says He Have Accumulated More XRP

Among those accumulating XRP and hoping for a price rally is David Gokhshtein, a former US Congressional candidate who is also a member of the Republican Party and the founder of the popular crypto news outlet, Gokhshtein Media.

As previously reported by Timestabloid, David Gokhshtein earlier disclosed his intention to fill his portfolio of different digital currencies with more XRP tokens. “I’m personally itching to maybe get a few more bags of XRP,” he said. 

But in a recent turn of events, the renowned crypto proponent and XRP holder laments not buying more of Ripple’s digital token following the recent surge in the price of XRP.

According to the Thursday tweet by the Gokhshtein media founder, his investment in some undisclosed meme tokens has not yielded significant returns.

I should have got more $XRP rather than these f’ing meme tokens.

— David Gokhshtein (@davidgokhshtein) September 22, 2022

Read Also: Philippines-Based I-Remit Expands its Use of Ripple’s XRP-Powered ODL Solution: Details

XRP in the Market

XRP, which is currently the 6th largest cryptocurrency by market capitalization, has grown in price value by over 53% in the past 7 days. Also, in the last 24 hours, XRP has rallied over 18% and is the most trending token after Bitcoin (BTC) on Coinmarketcap. 

According to Santiment, a market intelligence platform, “The price ratio of $XRP/ $BTC has hit a one-year high of 0.000025 on the continued optimism of a potential settlement of Ripple with the SEC. Active shark and whale addresses holding 1m to 10m $XRP have been in an accumulation pattern since late 2020.”

The price ratio of $XRP/ $BTC has hit a one-year high of 0.000025 on the continued optimism of a potential settlement of #Ripple with the #SEC. Active shark & whale addresses holding 1m to 10m $XRP have been in an accumulation pattern since late 2020. https://t.co/z0E12cpn4G pic.twitter.com/dnmQZVxfvO

— Santiment (@santimentfeed) September 22, 2022

Read Also: Chamber of Digital Commerce Formally Requests to File Axmicus Brief to Support Ripple in XRP Lawsuit

This recent growth of XRP in the market can be attributed to the positive developments surrounding the XRP lawsuit filed against Ripple Labs Inc., by the SEC.

The securities watchdog contends that XRP is a security but has not been able to prove this beyond a reasonable doubt. Meanwhile, comments from some former SEC officers portray XRP to be similar to Bitcoin (BTC), and Ethereum (ETH), which are not regarded as securities by the SEC. 

It is worth noting that both parties filed a motion for  Summary Judgment to be issued by Judge Analisa Torres. However, the SEC is intending to request “additional time” in the proceedings of the litigation in response to the position taken by the Chamber of Digital Chambers. Ripple and other Ripple defendants have objected to this SEC’s suggestion calling it “delay tactics.” On the whole, the crypto community hopes that the case ends in favor of Ripple.

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David Gokhshtein is Interested In Buying More XRP

The former US congressional candidate, David Gokhshtein is a top crypto proponent that has oftentimes shown support for several cryptocurrencies like Bitcoin (BTC), Shiba Inu (SHIB), XRP, and others. In a Monday tweet, he said, “I don’t know — I’m personally itching to maybe get a few more bags of XRP.”

I don’t know — I’m personally itching to maybe get a few more bags of $XRP.

— David Gokhshtein (@davidgokhshtein) September 19, 2022

This statement comes after Ripple, the crypto solutions company and leader in cross-border payment services, and the United States Securities and Exchange Commission (SEC) filed motions for summary judgment in the Southern District of New York with accompanying documents.

Read Also: Jeremy Hogan Explains Ripple-SEC Summary Judgment Motions, Says Ripple Pulls the Rug

Per the summary judgment, both parties want a federal judge to rule either that Ripple violated securities laws or otherwise dismiss the lawsuit without requiring a lengthy trial. According to sources, the case seems to be in favor of the San Francisco-based crypto company. Should the Ripple-SEC case end in favor of the SEC, CEO Brad Garlinghouse noted that the firm will move its services away from the United States. 

It is on this ground that David Gokhshtein believes that XRP could experience a significant appreciation, which brought about his intention to accumulate more XRP.

Earlier this month, he wrote; “unpopular opinion for some maxis but if Ripple wins its case against the SEC, not only do I personally believe $XRP will take off but so will every legitimate platform as well.”

Unpopular opinion for some maxis but if Ripple wins it’s case against the SEC, not only do I personally believe $XRP will take off, but so will every legitimate platform as well.

— David Gokhshtein (@davidgokhshtein) September 12, 2022

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Although the Gokhshtein Media founder mentioned that the token which crashed hard in May could regain its place on the list of top-performing projects, he called LUNC a “lottery ticket.”

Read Also: Validating a Brighter Future for LUNC: The Terra Classic Development Group Launches Its Validator

In the words of David Gokhshtein, “LUNC is led by a community and not by Kwon. Half of them have jumped into the shit just to gamble. The other half are those who suffered from the collapse. If they can find a way to build a legitimate use case, it would be an impressive comeback. Right now though, it’s a lottery ticket.” 

$LUNC is led by a community and not by Kwon.

Half of them have jumped into the shit just to gamble. The other half are those who suffered from the collapse.

If they can find a way to build a legitimate use-case, it would be an impressive comeback.

— David Gokhshtein (@davidgokhshtein) September 17, 2022

Even though the Terra Classic (LUNC) project has seen some meaningful level of interest and support from crypto investors and blockchain ecosystems, Gokhshtein holds to the belief that investors are gambling with the token as it has no unique use case in the market.

He also categorizes the members of the LUNC community into two sects; one part consists of investors who are just betting and hoping the token spikes in price while pointing out that a part of the community consists of people who suffered losses during the May Terra ecosystem crash.

Recall that TerraUSD (UST), an algorithmic stablecoin invented by the Korean crypto entrepreneur, Do Kwon, de-pegged in May. In consequence, LUNC (formerly called LUNA) experienced a free fall in price, wrecking investors who held the token. This led Do Kwon, the CEO of TerraForm Labs to launch Terra 2.0 without the stablecoin, UST, abandoning LUNC in the hands of the community members.

Read Also: Top Exchange Burns Over 154.8 Million Terra Classic (LUNC) Tokens in 5 Days: Detail

The teeming LUNC community has been ramping up efforts to initiate a historic comeback for the embattled token. One of the initiatives is the 1.2% tax burn on all LUNC transactions, which has gained the support of many top crypto exchanges including KuCoin, MEXC Global, and Huobi. 

Through this initiative, the community intends to burn and reduce the voluminous circulating supply of the token. Also, a proposal to re-enable Inter Blockchain Communication (IBC) with other Cosmos chains was submitted by a LUNC community member for consideration. 

Although he called LUNC a lottery ticket, David Gokhshtein believes that Terra Classic (LUNC) could grow in value if unique use cases are attached to it.

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As reported by TimesTabloid, on the 14th of August, it showed on the chart that Shiba Inu (SHIB) has broken out of its dominant “cup and handle” pattern, which is an indication that the digital asset could see more positive trends in the coming weeks.

Read Also: Shiba Inu Lead Developer’s Response to a User Who Wants SHIB Price to Go Up

Peter Brandt Believes Shiba Inu (SHIB) Has Entered Bull Cycle

Peter Brandt, a veteran trader with over 40 years of experience, shared a chart on his Tradingview account that shows that Shiba Inu (SHIB) was set for a big upside trend. This was shared by the trader a day before the digital token recorded over 30% price uptrend within 24 hours.

In the chart, Brandt showed that SHIB had entered a bullish trend that may last for weeks. According to the veteran trader, the native token of the dog-themed project has completed the inverted Head & Shoulder (H&S) pattern, which is a major signal for a trend reversal.

In a nutshell, the experienced trader is suggesting that Shiba Inu (SHIB) has bottomed and more bullish trends should be expected in the coming days or weeks.

Read Also: Binance Card Now Supports Shiba Inu (SHIB). Here’s Why This Is Important

David Gokhshtein Thinks Shiba Inu (SHIB) May See Further Upside Trend

David Gokhshtein, a former US congressional candidate and founder of Gokhshtein Media, also thinks SHIB is set for more positive trends. He shared this via his official Twitter handle about two days ago.

In the tweet, Gokhshtein said, “Anyone watching SHIB right now. It looks like it’s fueling up for another leg.”

Anyone watching $SHIB right now. It looks like it’s fueling up for another leg.

— David Gokhshtein (@davidgokhshtein) August 14, 2022

As things started to fall in place in terms of price for SHIB, the Shiba Inu ecosystem is also welcoming new developments to prove that the crypto project is evolving beyond the word “meme”.

At the time of filing this report, $0.00001623, with a relatively 3% price upsurge in the last 24 hours.

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David Gokhshtein Sees at Shiba Inu At $0.001

According to Gokhshtein in a tweet, SHIB may never reach $1. Since the cryptocurrency currently trades at $0.00002586, it needs a 3.6 million percent surge in order to trade at the $1 level.

He, however, expects the canine-themed token to at least reach $0.001.

Read Also: GokhshteinMedia Founder: My $1,000 Would Have Returned Millions of Dollars If Invested In Shiba Inu (SHIB) A Year Ago

David Gokhshtein tweeted, “I don’t believe $SHIB will hit $1, but I can see it touching $0.001. My personal opinion. I’ll take it.”

I don’t believe $SHIB will hit $1, but I can see it touching $0.001.

My personal opinion.

I’ll take it.

— David Gokhshtein (@davidgokhshtein) April 13, 2022

While SHIB $0.001 is not too shabby, SHIBArmy blasted the popular crypto Twitter influencer for this target, arguing that developers behind the meme cryptocurrency have not yet unveiled more token-burning mechanisms.

After tons of backlashes from SHIBArmy, Gokhshtein later clarified his assertion in relation to the SHIB price trend.

“I stated $SHIB could hit $0.001 and I personally would be fine with it. If you think it’s going to hit $0.01, I’m fine with that also lol. In no way was I disrespecting the protocol.”

I stated $SHIB could hit $0.001 and I personally would be fine with it.

If you think it’s going to hit $0.01, I’m fine with that also lol.

In no way was I disrespecting the protocol.

— David Gokhshtein (@davidgokhshtein) April 14, 2022

Prior to that, he had noted that the addition of SHIB to commission-free brokerage platform Robinhood is a “great thing” for the crypto industry.

According to the Gokhshtein Media founder, SHIB could help drive more investors to the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

Read Also: Shiba Inu Team Unveils “Shib: The Metaverse”. What Is Its Significance? Details

Shiba Inu (SHIB) Now Most Used Smart Contract by Biggest Ethereum Wallets

According to WhaleStats, whales were actively buying the token, which caused increased usage of the Shiba Inu smart contract and made it the most used smart contract among the 2,000 largest Ethereum wallets.

In addition to high usage, market and on-chain metrics for Shiba Inu are also on the increase, with the average balance on whale addresses rising to 2.36 billion SHIB tokens and volume increasing by 436%, reaching $53 million.

The more important increase is the net flow of Shiba Inu on whale addresses, which has risen by almost 500%, suggesting that there are more inflows of SHIB tokens into whale wallets than outflows, indicating the short and mid-term bullishness of large investors.

Both volume and balances on whale addresses are also important metrics that show generally positive sentiment among large buyers.

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Gokhshtein shared this in a recent tweet tagged “random thoughts”, stating that throwing $1,000 into $SHIB a year ago would have returned a few millions of dollars today.

Read Also: After Unveiling SHIB Metaverse, Shiba Inu Team Highlights More Big Surprises to Expect in 2022

In the same thread, Gokhshtein stated that “thank god I stood on principle,” indicating that he had probably invested heavily in the dog-themed crypto, Shiba Inu (SHIB), before its rise into prominence in terms of price.

thank god i stood on principle.

— David Gokhshtein (@davidgokhshtein) April 3, 2022

Impact of Ethereum’s Vitalik Buterin on Shiba Inu’s Price

This time last year, Shiba Inu (SHIB) had started gathering momentum for popularity but was still sparsely known in the crypto community and its price was still standing around $0.0000000434 until Ethereum Vitalik Buterin’s unforgettable action.

Ethereum co-founder Vitalik Buterin started a relationship with Shiba Inu after the SHIB team gifted him 50% of the cryptocurrency’s total supply, in which he decided to burn 90% of the SHIB holdings.

Buterin shocked the whole crypto ecosystem after deciding to burn $6.7 billion worth of SHIB. The trove of more than 410 trillion tokens was sent to a dead blockchain address in just a day.

Back then, Buterin said:

“I’ve decided to burn 90% of the remaining shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to cryptorelief (preventing large-scale loss of life) but with a more long-term orientation.”

Read Also: SHIB.io Goes Live to Activate Locking System for LEASH & SHIBOSHIS Holders in Preparation for SHIB: The Metaverse: Details

Buterin also said he would prefer cryptocurrency creators give them to charities and not to him, stating that he does not want to be a locus of power of that kind.

The massive burn was unexpected, but the Shiba Inu community saw it as a positive gesture since the whopping burn implies that $6.7 billion worth of SHIB tokens has been permanently taken out of circulation.

As expected, the impact of Buterin’s notable action started to fully surface in October 2021 following a meteoric rise in the price of SHIB. According to CoinGecko, the digital currency hit its price all-time high of 0.00008612 on 28th October 2021.

Since Buterin’s unexpected action, several burn mechanisms have been adopted and millions of SHIB tokens are being burned on a weekly basis. The community resolutely believes that burning Shiba Inu tokens will aid its price in the long run.

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As reported by Business Insider, Gokhshtein stated that Ethereum (ETH)  top upgrades that took place on the network recently, London Hard Fork and Ethereum Improvement Proposal (EIP) 1559, have been a game-changer for the cryptocurrency.

Read Also: US-Based Private Investment Firm with $402 Billion Worth of Assets Approves Bitcoin and Ethereum Exposure

According to the Gokhshtein Media CEO, the notable upgrades will make Ethereum (ETH) become deflationary due to the burn. He thereby stated that this could aid the cryptocurrency to hit $14,000 by the end of the year or 2022.

Gokhshtein also pointed out that Ethereum (ETH) is poised to help reignite the bull market He said this makes him continue accumulating the top digital currency. However, he still sees ETH as a form of digital silver and Bitcoin (BTC) as digital Gold.

Dogecoin (DOGE) To $1

As for Dogecoin (DOGE), Gokhshtein said he believes the price of the most popular meme token will soon hit $1, tagging it as a crypto market’s gateway for newcomers. He said the price of Dogecoin (DOGE) will continue to surge because “if people deem something to be worth something, it’ll get there.”

Read Also: Elon Musk Confirms He Owns Ethereum and Dogecoin, Says Both Tesla and SpaceX Own Bitcoin

Gokhshtein further pointed out that Elon Musk is not the only factor that is pushing for the success of the cryptocurrency, stating that Robinhood, the retail-focused trading platform and meme economy have also contributed to its growth and resilience in the market.

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