Bitcoin Cash co-founder Calvin Ayre predicts that the flagship cryptocurrency, Bitcoin, will plunge to zero in 2019 because it’s worthless. But never fear, he said, because Bitcoin Cash Satoshi Vision (BSV) will be there to save the day.
Interestingly, Ayre insists that the Bitcoin price is being deliberately deflated right now in order to stamp it out of existence. He did not offer any proof to back up his dubious claim.
“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.”
Ayre — who’s known for his controversial bluster — said Bitcoiners need not worry when their preferred crypto goes down in flames, because Bitcoin SV will happily take its place.
“Bitcoin — the technology and economic model — are alive and well with Bitcoin SV, and it’s going to have an amazing year.”
Last month, billionaire Mr Ayre forced the hard fork – splitting one currency into two separate new ones – of his Bitcoin Cash (BCH) – a crypto he launched in 2017.
BCH was divided to become Bitcoin ABC and Bitcoin SV (Satoshi Vision) during what was widely described as a civil war between existing BCH entrepreneurs.
The ABC (Adjustable Blocksize Cap) breakaway was led by Roger Ver and Jihan Wu of Bitmain, as they faced off against Mr Ayre and his British cohort Dr Craig S Wright.
The ABC camp were keen to maintain the crypto’s block size at 32MB, while Dr Wright and Mr Ayre wanted to increase it to 128MB – a move they believe stays true to the original plans by mysterious bitcoin creator Satoshi Nakamoto (hence “Satoshi Vision”).