All publicity is good publicity.
Yes, this is a massively overused phrase, but it holds true in the Bitcoin space. Whether the price is skyrocketing towards the moon or crashing back down to reality, the media tends to cover the story with the same level of interest.
When looking at the Google Trends data for Bitcoin, the last two sharp increases in search volume were early April, when the price rose more than 20% in a matter of days, and the middle of November, when the price dropped more than 40% in two weeks.
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More discussion about bitcoin price movements, whether they be bullish or bearish, leads to more people learning about the digital asset. Bitcoin companies, such as hardware wallet manufacturer Ledger, have admitted as much.
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With this in mind, it’s interesting to look at the recent Bitcoin SV (BSV) delisting controversy. While the incident has led to a sharp price decline over the short term, there may be benefits to be had from a long term perspective, especially for nChain Chief Scientist Craig Wright, who is the key figurehead behind the altcoin.
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Effects on BSV
BSV’s April has been rather horrible thus far, losing nearly 40% of its value in the first two weeks of this month. Having said that, it hasn’t been all bad news for the altcoin.
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Although Binance and Kraken delisted BSV, most of the other major exchanges have remained quiet on the matter. Bitfinex and Poloniex, two of the most well-known brands in terms of cryptocurrency exchanges, have not announced any plans related to the delisting of BSV. Bitfinex CTO Paolo Ardoino even stated that such a move could end up harming
