Once known for his extreme pro-Bitcoin views, Calvin Ayre recently come forth and said that he now believes BTC is on its way to touching $0 sometime during 2019. Elaborating further on his comments, Ayre went on to say that the premier altcoin is essentially “worthless” and that moving forward Bitcoin Cash SV will be the currency to carry forth Satoshi Nakamoto’s original vision for Bitcoin.
With that being said, Ayre also mentioned that the current drop being witnessed by BTC has been done so deliberately by certain interest groups. However, on the matter, Ayre did not provide any substantial proof to back up his strong claims.
Lastly, in an interview with a respected media outlet recently, Ayre went on to state:
“I am predicting it to go to zero value [in 2019], 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, and it’s going to have an amazing year,”.
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Even though Bitcoin Cash (BCH) has been derived from Bitcoin, Ayre has time and again insisted that the original Bitcoin is a scam and that BSV is the “real bitcoin.” Echoing these sentiments is Australian crypto proponent Craig Wright who too has time and again stated that the original BTC is a scam.
For those who may not remember, Bitcoin Cash was created in August 2017 after the original Bitcoin network underwent a hard fork.
Calvin Ayre: “You Shouldn't Blame SV For Current Market Conditions”.
As many of us well know, following the recent BCH hard fork, Bitcoin took a massive financial beating (thereby bringing down the entire market along with it). Owing to this downward slide, a lot of people from within the crypto community started to blame Ayre for “forcing a hard fork”– however, Ayre denies that he did any such thing.
On the matter, he went on to say:
“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. It’s also because people wrongly focus on market cap, when it should be about scalability and actual usability.”
If that wasn't enough, Ayre then went one step further and started to blame the Bitcoin ABC camp for all of today’s ongoing market woes.
“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.”
While Ayre does not seem to be optimistic about the future of Bitcoin, people like Jeremy Allaire (co-founder of Circle), continue to remain bullish on the premier altcoin. In Allaire’s personal opinion, regardless of how Bitcoin is faring at the moment, the digital asset will continue to play a “very significant role” within this industry as well as redefine the future of digital finance.
Expanding further on his stance, he also went on to say:
“The key thing with bitcoin is that it is unique in its security and its scale. As an idea that we need a scarce, non-sovereign store of value that individuals can hold in a protected fashion — that’s attractive all around the world. It’s certainly going to be worth a great deal more than it’s worth today.”