Prominent Crypto Trader Max Keiser Says BSV Price Is A “Hologram”

The prominent crypto trader Max Keiser bashed Bitcoin SV and said its price was a “Hologram.” The Bitcoin Satoshi Vision altcoin has a market cap of over $3 billion despite the heavy criticism that it faced over the past few years, so let’s read more in the Bitcoin SV news.

BSV is the sixth largest cryptocurrency ahead of some other prominent crypto projects but the prominent crypto trader Max Keiser doesn’t believe in the altcoin saying that it has a relatively “hologram” high price and it is a byproduct of “wash sales” from one person or a small group. According to Max Keiser, one of the first Bitcoin adopters, almost all of the BSV volume was created as a wash-sale from one individual. The price is closer to a hologram than a grue market. Simon Dedic, the co-founder of the crypto research firm Moonrock Capital, also came against top altcoins:

 “$XRP, $BCH, $BSV, $LTC and $EOS absolutely do NOT deserve belonging to the TOP 10 cryptocurrencies. Actually can’t wait until they vanish and clear the way for solid candidates.”

90% of BSV ‘volume’ are wash-sales originating from 1 individual. The price is closer to a flaky hologram than a true market. #avoid

— Max Keiser (@maxkeiser) June 23, 2020

There’s also Ryan Selkis, the CEO of Messari who said that Bitcoin Satoshi Vision and other cryptocurrencies including Tether’s USDT and XRP will exit the top 10 cryptocurrencies in 2021. Calvin Ayre responded to Keiser’s comments writing:

 “most of the volume is applications. Max this is embarrassing stuff to be posting.”

Keiser’s bearish outlook on BSV is mainly because of his overall bearish views of the entire altcoin market. a few hours after he bashed BSV, the investor said:

 “Alt-coin and hard fork supporters are fact-resistant. I just let the market do my talking for me #Bitcoin’s market cap, hash rate, and volume all heading to 99% of ‘crypto’ market.”

Alt-coin and hard fork supporters are fact-resistant

I just let the market do my talking for me #Bitcoin’s market cap, hash rate, and volume all heading to 99% of ‘crypto’ market

— Max Keiser (@maxkeiser) June 23, 2020

He also explained further to London Real’s Brian Rose that most altcoins provide little value over the biggest cryptocurrency. There’s no coin that can do something that Bitcoin doesn’t already do or will be able to do in a short period of time. The leading cryptocurrency’s security comes with a high price and most of the cryptocurrency’s hash power only puts Bitcoin in a better position than other altcoins. Kevin Rose, the co-founder of Digg, commented:

 “The problem is that 99% of the projects out there and a lot of the people who are behind them are just in this for the pure financial gain. And there’s a lot of garbage out there. And that’s unfortunate because it really drags down the high-quality projects, and it muddies the space quite a bit.”