Calvin Ayre on Bloomberg: Bitcoin SV will absorb all the other cryptos

In a recent interview with BNN Blomberg, Calvin Ayre, the founder of Ayre Group and CoinGeek, discussed why he believes that Bitcoin SV is the "Real" Bitcoin.

All other cryptos "Will be absorbed into Bitcoin SV"Bitcoin SV gained a lot of attention lately after a massive surge in its market valuation was triggered by the U.S. Copyright Office granting Craig S. Wright two copyrights-one for the whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," and the other for "Bitcoin," the cryptocurrency's original code-and a fake news alert that was broadcasted among Chinese investors claiming that Wright had transfer 50,000 BTC from one of Satoshi Nakamoto's wallet to Binance, suggesting authorship of Bitcoin.

Now, the Canadian entrepreneur Calvin Ayre was featured in a Bloomberg segment to explain his views on the cryptocurrency space and why he is supporting BSV.All other cryptocurrencies 'will be absorbed into Bitcoin SV': CoinGeek founder pic.

He believes that Wright was indeed the one who launched bitcoin back in 2009 under the pseudonym Satoshi Nakamoto, but after stepping away and seeing that project had not gone in the direction that was meant he now wants to gain control of the industry.

Calvin Ayre believes that Bitcoin SV is indeed the original version of Bitcoin and its on-chain scaling feature is what sets it apart from other cryptocurrencies.

Although Ayre did not advise watchers to invest in BSV, he did mention that this cryptocurrency is the only one that can actually scale.

He suggested that just like there is only one internet there will only be one cryptocurrency, which will be Bitcoin SV since it is the only one that can "Do it all."

"In the near term Bitcoin, BTC, can exist, but if BSV continues to follow its scaling roadmap there is just no need for any of the rest. I think they will all be absorbed into BSV, the dominant chain."

Just a few hours after the Bloomberg interview was published, Alistair Milne, a British entrepreneur and investor, reported that 25,000 BSV were dumped at market value on Bitfinex.

The result was a flash crash that took the cryptocurrency from $240 all the way down to $45, to then quickly recover in a matter of seconds.