The CEO of Chinese mining pool BTC.Top, Jiang Zhuoer, has said the v-pattern on Bitcoin chart at present is not abnormal for a bull run that’s expected to succeed Bitcoin halving.
The CEO made the assertion while discussing his perception about the present Bitcoin situation in the market and what to expect after slashing the miner’s reward (Halving).
In spite of the inauspicious Bitcoin situation and other cryptocurrencies in the market, the CEO of the top SHA-256 mining pool for BTC and BCH believed it’s totally normal for a v-pattern to precede a Bitcoin halving for the sake of bull run.
According to a translated report of 0xzx.com news platform, Zhuoer made the assertion in comparison to 2013 and 2016-2017 bull run that came after Bitcoin halving.
Zhuoer added that the ongoing situation is a blessing for investors to buy at the bottom.
“There appeared a v-pattern reversal between the smaller bull market in the first half of 2013 and the bigger bull market in the second half of the year, leaving investors limited time to buy at the bottom,” Zhuoer stated.
‘Craig Wright Caused Detriment to BCH Community, He’s A Liar’ – Zhuoer
While updating users about BTC.Top mining BSV block 560713 in a report on Saturday, December 14, Zhuoer said he thinks the founder of Bitcoin SV, Craig S Wright is a liar and he caused much havoc to the BCH community.
“CSW has caused detrimental effects to the BCH community and I still think that CSW is a liar. However, I also hope for the best for both the BCH and BSV communities and that both sides will acquire more users in the future”.
Zhuoer said rather than creating a real hash war, Wright’s real intention was to have the Bitcoin SV chain that will be completely controlled by him. ‘Fork, no split’ was a lie from CSW to his supporters, Zhuoer averred.
The Chinese CEO added that the first BSV empty block was mined before the BCH hardfork for the purpose of Hashwar while the BSV block 560713 is the second BSV client block mined by BTC.Top.