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Ayre: 'Bitcoin Not a Bubble, It's a Fraud': Economist Says Digital Currency Will Go Way of Dinosaurs

Written by:
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Published on:
May/31/2018

In response to a story suggesting bitcoin could be extinct by the end of 2018, CoinGeek.com founder and proponent of bitcoin cash, Calvin Ayre, supported that notion.

Ayre tweeted out Thursday morning:

Segwit coin is not a bubble its a straight up fraud...pretending to be a cryptocurrency by stealing the bitcoin name....the only Bitcoin is BCH. I predict Segwit coin BTC to die in a few years not 100.

Ayre, who refers to bitcoin as segwin coin, was responding to an interview with Nobel Prize-winning economist Robert Shiller, who on Wednesday drew parallels between the world's leading cryptocurrency and the dinosaurs.

"Bitcoin won't look anything like it is today. It will have a different name, if it exists," Shiller said Tuesday on CNBC's "Trading Nation." "There will have been many hard forks changing it and changing it. And, it'll be a matter of dispute whether it exists or not.

"The one scenario is that something like what happened after 2013 when bitcoin topped $1,000, and then lost 80 percent of its value. It looked like bitcoin was just fading away," he added. "It's so hard to predict these things."

WATCH BELOW

Yale’s Robert Shiller suggests bitcoin’s future is in jeopardy from CNBC.

- Aaron Goldstein, Gambling911.com

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