Ayre Tells Market Watch: "For Sure Bitcoin is a Ponzi Scheme"

Written by:
Aaron Goldstein
Published on:

Calvin Ayre says Bitcoin SV is powered by a revolutionary technology that has many useful applications, while the digital currency most people know as Bitcoin is useless and a fraud.

In a riveting sit down interview with Market Watch, the billionaire entreprenuer claims that the group of developers currently in charge of maintaining and updating the Bitcoin protocol violated the way it was set up in the first place.

“For sure it’s a Ponzi scheme because it can’t do anything,” says Ayre of Bitcoin trading.  

The Canadian, who now resides in the Caribbean island nation of Antigua, returned to the US for the first time this past fall following a minor brush with the law.

“I was no criminal,” says Ayre of his battle with the U.S. government related to his previous involvement with Bodog Sports, now known as Bovada. “I was caught up in an international trade dispute.”

After settling a misdemeanor charge with the US Government, Ayre stepped on US soil for the first time since 2012 in Miami before attending his mega conference in New York's Time Square.

Back were the days of celebrity fueled parties, though this time a bit more reserved than in the past.  Emily Ratajkowski, Adrian Grenier and marketing icon Donny Deutsch were all in attendance at the Times Square event.


Today, Ayre runs Coin Geek and is an evangelist for Bitcoin SV, which he insists is the true and authentic Bitcoin because it is the only digital currency that follows the set of rules, or protocol, laid out by the white paper that launched Bitcoin in 2008.  Unlike BTC, Bitcoin SV has no limitations on scaling.

Ayre also issued an ominous warning related to BTC.

“I think all of what you call crypto will die, a lot of it will be deemed illegal, as regulators start to understand more — a lot of people are going to lose a lot of money.”

- Aaron Goldstein, Gambling911.com

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