Billionaire Bitcoin SV Supporter Predicts BSV Will Consume All Other Cryptocurrencies
Bitcoin SV was started back when the Bitcoin Cash hardfork took place. The price rises in BSV is proving to be substantial as the coin is now in the Top 10 of CoinMarketCaps.
Prices have climbed because of the promoting tactics used by Calvin Ayre of Coin Geek and self-proclaimed creator of BTC Craig Wright. Both cryptocurrency giants are creating a ton of controversy on Twitter, even though Wright has been officially banned from most social media platforms.
Ayre seems to be the major promoter of SV, recently speaking on Bloomberg about the future of it. He predicts it will cannibalize and consume all other cryptocurrencies. There is no other option according to Coin Geek’s founder.
The major surge of prices for BSV have proven it’s a major contender in the cryptocurrency sphere, considering it’s risen at least 100% in the last 7 days, placing it back in the top ten. Ayre’s actual comment was:
“All other cryptos will be absorbed into Bitcoin SV.”
Calvin is in complete support of Wright, who he believes is in fact the creator of Bitcoin operating under the false name Satoshi Nakamoto. Ayre plans on helping CSW regain a footing after falling prey to several other parties in the sphere attempting to take control for their own agenda.
According to Ayre, BSV is the true first cryptocurrency and original BTC. Ayre stated:
“The main difference of course is that this is the original model that was originally created by Craig and all other ones are variations that have branched off in some direction. But the main difference from a functional perspective is that BSV massively scales on chain and the rest don’t, so it works, and the others are dysfunctional. They’re kind of hobbies, if you will. This one is designed for the enterprise applications.”
At the same time, the Coin Geek founder didn’t advise anyone to invest into BSV, instead inclining that it’s the only real cryptocurrency on the market. His comparison was to the internet, saying that like there is only one internet, BSV is the only real cryptocurrency.
Another report showed that 25,000 BSV were dumped on Bitfinex, causing the coin to plummet to a mere $45 a token before skyrocketing back up to $240 a few seconds later.
The flash crash was massive even if only for a few seconds. The coin has still received massive gains over the last week, leaving it at number 8 in the top overall. Others like Charles Hoskinson don’t believe that communities like BSV should even exist, the token sees much resistance from others in the field.
Cryptocurrency has no need for communities like BSV or individuals like Craig Wright who claims to have created the entire show. Cryptocurrency coins have no patents or anything like that, therefore have no need for creators or people claiming to be one.
Still Ayre believes other cryptocurrencies don’t stand a chance overall. That if BSV continues to grow at the rate is has on the previous roadmap, then it’s going to consume all other cryptocurrencies in time. It will essentially become the dominate cryptocurrency chain and all others will become obsolete.
Whether or not all the claims and news are true, there is no denying that BSV is solid as the 8th largest cryptocurrency in the world.