chepicap.com
The president of Japanese financial giants, SBI Holdings, Yoshitaka Kitao has revealed that he was planning on promoting Bitcoin Cash. However, he decided against it following the contentious hard fork that split Bitcoin Cash into Bitcoin ABC and Bitcoin SV, stating “he is not a fan of cryptocurrencies that regularly fork.”
“Coins that frequently hard fork are ridiculous. I was going to promote BCH, but Jihan and Craig ended up fighting, and ABC and SV were born,” Kitao states. “Jihan's side won and inherited the name BCH, but I decided to quit both. This caused the market cap for both coins to fall.”
According to EthereumWorldNews, Kitao was upfront, admitting he would have promoted the project before the fork, but the feud between Jihan Wu, Bitmain’s former CEO, and Craig Wright, the self-proclaimed creator of Bitcoin, made him change his mind. This led to his decision to quit both coins.
Right. In an instant the doubles the supply but not the resources to develop and work on actual use case. So what’s the value? They think it’s like 2/1 stock split. But that scenario is only worthwhile when a company has the fundamentals. BCH does not, not with morons in charge.
— Ripple Rob (@RobRipple) April 27, 2019
The Bitcoin SV debacle has seen the project delisted from several prominent cryptocurrency exchanges, including Binance, Kraken, and ShapeShift. John McAfee has even called Wright out, claiming to know who the real Satoshi Nakamoto is, but Wright continues to claim he’s the real Bitcoin creator.