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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."

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

- Aaron Goldstein, Gambling911.com

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