Fox Business confused Bitcoin with Bitcoin SV

Yesterday Fox Business interviewed Bitcoin SV (BSV) supporter Jimmy Nguyen.

The interview, which aired on Varney and Co., after a couple of minutes seems to have been closed.

In fact, the interview begins by talking about the price of Bitcoin (BTC), and Nguyen is correctly presented as president of the Bitcoin Association.

However in reality the Bitcoin Association has nothing to Bitcoin Rush do with Bitcoin (BTC), but supports Bitcoin SV (BSV).

It must be said that BSV supporters claim that BTC is not the „real“ Bitcoin, as designed by Satoshi Nakamoto, but that BSV is. SV in fact stands for Satoshi’s Vision.

Since the theme of the interview was BTC, it’s possible that Fox Business got confused, and called Nguyen because they thought he would talk about BTC.

The fact is that BSV, which in turn is a fork of Bitcoin Cash (BCH), is not presented as a store of value, but primarily as a means of payment. Instead BTC is now clear that it is not a good means of payment, so much so that it is used very little for this purpose, while it is used primarily as a speculative investment or store of value.

The difference between BTC and BSV is very clear if you compare market capitalization: Bitcoin is worth over $350 billion in total, while BSV is worth less than a penny (3.4 billion).

These are two different cryptocurrencies, which unfortunately share a part of the name, generating confusion.

Actually, there are several cryptocurrencies that contain „Bitcoin“ in the name, but only one is called just Bitcoin, and it is widely recognized as the only real Bitcoin: BTC.

Fox Business‘ interview with Jimmy Nguyen of Bitcoin SV
Fox Business‘ interview with Jimmy Nguyen aired in full, but lasted less than two and a half minutes. There were only two questions, after which Nguyen was thanked for speaking, and the interview closed.

It doesn’t appear that the presenter was aware of the existence of BSV, nor that Nguyen was actually talking about this cryptocurrency and not BTC, and perhaps that’s why, once he realized that something wasn’t right, he decided to close the interview.