Bitcoin SV sees tremendous 761% spike – but some are sceptical

Active BSV addresses have increased to 947,400, with the most recent spike happening on September 28, from 110,000 previously.

In other words, activity increased by a whopping 761% in just two days.

Arthur van Pelt, a known antagonist in the BSV community, pointed out that in two days, BSV managed to overtake the Ethereum network, which is very unlikely given the current DeFi boom.

Pelt was rather sarcastic, too, adding

“Seems legit. Organic growth, I think. Has nothing to do with #CGLive, I bet.”

While this opinion has merit, the BSV network often sees unexplained bursts in activity that ebb subsequently.

The CoinGeek Live Conference certainly has its own contributions in the recent spike and that is true.

It will feature a number of high-profile community members, including Bitcoin Association President Jimmy Nguyen and Fundstrat Global managing partner Thomas Lee.

According to Nguyen, BSV is “the foundational rule set for an entire network,” and its potential is far from reached.

BSV can also have significant implications for the blockchain gaming industry.

Presently, blockchain casinos do not have a single unifying currency to use.

They usually make sure to feature popular tokens, such as Bitcoin, Ethereum Ripple, Doge, and FUN, which is a proprietor gaming token.

Yet, Nguyen believes that by introducing BSV as a staple currency for the blockchain industry, everyone stands to benefit, and not least consumers.

Players can visit many casinos where Bitcoin and SBV currencies are used today, including Bitcasino, FortuneJack, and 1xBit Casino.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David


David is co-founder of, and has worked in the crypto gambling space since 2015.

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