Bitcoin Cash Breaks $1,500 Again, But Its Lead Developer Says Bitcoin Is Dead

Bitcoin Cash (BCH) is experiencing another surge, most likely because the altcoin’s main developer said Bitcoin (BTC) is dead.

Including this time, Bitcoin seems to have died "191 times". Bitcoin Cash developer Deadal Nix said on Twitter that BCH has begun to exert its strength, and the hard fork in August this year means that Bitcoin no longer exists.

Responding to a warning from network commentator Alphonse Pace regarding BCH, Nix wrote:

“Bitcoin is dead. It has split into two: Bitcoin Cash (BCH), and Bitcoin Core/Legacy. Please accept this.”

The Bitcoin Core community was quick to respond, with Charlie Shrem pointing out that Nix had publicly called himself a “pro-shitloard.”

He tweeted:

“The main developer of Bitcoin Cash has a Twitter profile that calls himself a “professional shitlord”. I will kill them with Core at any time.”

In response, Adrian X said on Twitter:

“Bitcoin and Bitcoin Cash are like two sides of a coin. Bitcoin = BTC + BCH. BTC’s failure is Bitcoin’s success. This is market governance achieved through a fork procedure. No matter which side of Bitcoin wins, the holder is the winner. There is no need to pick sides.”

Craig Wright, who once called himself Satoshi Nakamoto, responded to Shrem’s comments by saying, “We will make BCH win.”

This continued tense atmosphere comes as BCH has surged again since hitting its recent low on November 17, and the BCH dollar price has now nearly doubled compared to that time.

Current exchange data shows that the BCH price is approaching $1,600. However, the impact of BCH's second surge in November on Bitcoin prices has been significantly reduced.

The current price of Bitcoin is about $8,200, almost close to the new high a few days ago. When BCH price surged last time, Bitcoin price plummeted, but Bitcoin quickly rebounded and returned to $8,000.