Australia's "Satoshi Nakamoto"Bitcoin SVThe current market value has exceeded 3 billion US dollars, although it has been criticized in recent years. But in the end, in the face of some well-known non-mainstream cryptocurrency projects, it became theSixth largest cryptocurrency。
However, one prominent cryptocurrency investor is hesitant to believe BSV's $3 billion market cap. He said,secondary title
Analysts Collectively Criticize BSV
According to Max Keiser, one of the earliest adopters of Bitcoin, “90% of BSV's transaction volume comes from 1 person, and the price is closer to a sheet-shaped hologram than the real market.”
Keizer is not the only one who has come forward to criticize BSV.
As previously reported by bitcoinist, Simon Dedic, co-founder of cryptocurrency research firm and managing partner of Moonrock Capital, recently questioned the top altcoins, which also included BSV.
According to Simon, “XRP, BCH, BSV, LTC and EOS should definitely not be in the top ten cryptocurrencies.In fact, they can't wait for them to disappear and clear the way for credible candidates. "
and Messari CEO Ryan Selkis, who said he believesIncluding XRP and Tether's USDT, along with BSV and other cryptocurrencies will drop out of the top ten cryptocurrencies in 2021.
secondary title
Altcoins Facing a Crash
Keiser’s bearish view on Bitcoin SV is representative of his view on the altcoin market as a whole.
Hours after posting his comments about the cryptocurrency, the investor shared the following tweet.
“Alt-coin and hard fork proponents are fact resistant, I just let the market speak for me.Bitcoin's market cap, hash rate, and trading volume are close to 99% of the cryptocurrency market,’ explains Keizer.
Also as previously reported by the media, he explained to Brian Rose of Bank Real in London that altcoins are not worth as much as Bitcoin. According to Keizer, "No other cryptocurrency can do what Bitcoin has not yet done or will soon be able to do.”
The security of the leading cryptocurrencies, high price and hash rate that most cryptocurrencies fall short of, make Bitcoin destined to be better than other altcoins.
Likewise, Kevin Rose, co-founder of digital media site Digg and general partner at TrueVentures, told TechCrunch in May:
“The problem is that 99% of the projects out there and the people behind them are doing it for pure financial gain, and there’s a lot of crap out there. It’s unfortunate becauseThe original text comes from bitcoinist, compiled by the Bluemountain Labs team, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.”
The original text comes from bitcoinist, compiled by the Bluemountain Labs team, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.
