Bitcoin (BTC) will have “zero value” in 2019: Bitcoin SV’s Calvin Ayre
One of the well-known figures in the cryptocurrency industry, Calvin Ayre, recently shared his view about the top crypto, Bitcoin [BTC].
In a recent interview with Express.co.uk, Ayre stated that BTC will almost become non-existent by next year. Ayre told the media outlet, “I’m afraid I am predicting it to go to zero value as it has no utility, it does not do anything and they intentionally are anti-scaling. “Bitcoin, the technology and economic model, are alive and well with Bitcoin SV (Satoshi Vision) and is going to have an amazing year.”
This statement comes after the Bitcoin Cash (BCH) hard fork that took place last month, resulting in two chains – BitcoinABC & Bitcoin Satoshi Vision (BitcoinSV). BitcoinABC led by Roger Ver and Jihan Wu, co-founder of Bitcoin mining giant Bitmain. While, BitcoinSV is backed by Australian entrepreneur, Craig Wright, and Calvin Ayre, owner of CoinGeek – the largest Bitcoin Cash mining pool.
According to him, “Bitcoin — the technology and economic model — are alive and well with BitcoinSV, and it’s going to have an amazing year.” Though Bitcoin Cash is actually a derivative of Bitcoin, Ayre insists that BitcoinSV is the “real bitcoin” and says, “[BTC] is a sham bitcoin.” Wright told Express UK, “SV is what bitcoin was, and is the only way it works.”
Bitcoin Cash hard fork & bear market
After the BCH hard fork, BTC price went down and brought the market down along with it. When Ayre was asked about the same, he denied any link. In fact, he said, “The hard fork was a distraction, but the downturn is because the SegWit coin that’s erroneously still called ‘Bitcoin’ now follows the old-fashioned financial trends.”
Moreover, Ayre blames BitcoinABC for the current market woes. Ayre explained, “There is no question that the hash dumping that the ABC conspirators did — in violation of the Nakamoto Consensus Rules that run Bitcoin — destabilized the markets even more.”
Image via Shutterstock