Did Bitcoin SV Soar By Over 25% Due To Craig Wright's Minor Court Victory?

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William D. Baltzell
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Joined: Thu Nov 07, 2019 8:19 am

Tue Jan 14, 2020 11:07 am

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Craig Wright's Bitcoin SV has in the last 24 hours pumped by over 25%. The move seems to have further sparked a wider market rally that saw Bitcoin, the market leader and Bitcoin SV's bigger brother, Bitcoin, rally to climb above $8,500. In fact, all Bitcoin-related cryptocurrencies have enjoyed a day of gains. Bitcoin Cash in which Bitcoin SV was forked from, has seen a gain of more than 7%. For Bitcoin SV, the move sees it climb above $200 and officially double its price since the turn of the year. The latest BSV surge could be the work of the man that inspired its creation, Craig Wright.

Bitcoin SV's Pump Triggered By Craig Wright

Such pumps from Bitcoin SV have been witnessed when there has been controversy from the man behind it, Craig Wright. This time again, it looks likely that he is at work. A recent legal development in his court case to prove he is the real Satoshi Nakamoto could have led to Bitcoin SV pumping.

Wright, an Australian entrepreneur has been claiming to be the real Satoshi Nakamoto for almost a year. His claim has seen some in the crypto community support him while a majority have found his claim to be preposterous. Part of the reason why a big section of the crypto community has denied his claim is that he has failed to produce the Bitcoin he mined after creating Bitcoin. The real Satoshi is supposed to be holding Bitcoin worth billions from when he first created Bitcoin.

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