Cryptocurrencies

Exposed Bitconnect advocate Trevon James ironically predicts Bitcoin will go to zero

Prominent Bitconnect advocate Trevon James has ironically predicted that Bitcoin’s value will eventually be zero, prompting outrage from much of the cryptocurrency community on Twitter.

Florida-based Trevon James made a name for himself by advertising the infamous Ponzi scheme Bitconnect, which withered away following a cease and desist order in January.

The controversial YouTuber faced disciplinary action from the Florida District Court over his role in promoting Bitconnect to unsuspecting investors.

After lying low for a few months, James returned to the cryptocurrency space in August, confirming that he had been “subpoenaed to testify to the SEC over Bitconnect”.

Despite facing a wave of abuse from aggrieved investors who lost out as a result of his promotion, James still posts cryptocurrency analysis videos and comments, the latest of which saw him predict Bitcoin going to zero.

He wrote: “10 years from now, it won’t matter if you bought Bitcoin at $4,000 or $3,000………because it will be at $0.” He then backed up his statement by saying: “If Bitcoin isn’t $10 by January 1st 2020, I will eat my dog’s poop live on YouTube.”

However, Trevon’s claims won’t hold much weight if indeed he ends up in prison; a default was entered against him after he ignored the class-action lawsuit.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

3 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

3 weeks ago