Craig Wright, the controversial Australian programmer at the head of the imminent creation of a new cryptocurrency, has threatened to crash the price of Bitcoin.
He added a clip of a building demolition for good effect.
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To all BTC miners…
If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks.
Think about it. We will sell A Lot!
And, have a nice day
(BTC to 1000 does not phase me) pic.twitter.com/oUScEahtWc
— Dr Craig S Wright (@ProfFaustus) November 14, 2018
Either way, market commentators seem agreed that the market crash will prove short-lived. Nigel Green, CEO of deVere, told Forbes: “The sudden drop in the value of bitcoin will have caught many investors off guard–even though history teaches us that this is likely to be temporary, with prices rebounding again fairly quickly,”
Said Greenspan: “One thing to look out for is a potential switch by some Bitcoin miners who might look to support one of the new Bitcoin Cash projects. Even if this happens, Bitcoin will most likely still have more than enough hash power to maintain the security of the network. Amid this saga, the hard fork may also drive a number of investors away from Bitcoin Cash altogether, into the arms of its parent asset, Bitcoin. We can only hope for a swift resolution to the drama.”