Bitcoin Black Friday Shuts Forever as Founder Says ‘Mission’ Complete
Holmquist: Bitcoin is “investment and new financial instrument”
“Although other alternatives like BCH exist, I think that the fundamental use case of Bitcoin is, and remains, a form of investment and as a new financial instrument.”
“Mission accomplished” for Black Friday
The decision comes as 2019’s would-be Black Friday sees BTC/USD itself trading at what many consider a significant discount. Over the past week, Bitcoin shed 20%, recovering to circle just above $7,100.
Holmquist’s parting shot meanwhile appeared to deliver a subtle swipe at cryptocurrencies other than Bitcoin. BCH, he implied, had no long-term investment purpose, and is specifically designed to be spent.
“The ability to transact with bitcoin is at most a needed function, at worst a tack on benefit. With both my career and my personal views I’ve drifted away from using bitcoin as a new payment rail,” Holmquist added.
Concluding, he considered the Bitcoin Black Friday event as a whole had run its course:
“I think the initial mission this site had is very much accomplished.”