Bitcoin SV’s native BSV token will be discontinued at the end of the week. At the time of this writing, the digital asset has crashed more than 10%. The drop comes amid the confession of the man behind Bitcoin SV and the highly controversial Craig Wright. After the self-proclaimed Satoshi Nakamoto declares that he is 99.99% certain that he will get his lost BTC keys, he goes back on his word.
Bitcoin SV Pump And Dump
Bitcoin SV price movement has a close correlation with Craig Wright’s comments and actions about being the inventor of Bitcoin. Most of his followers and investors believe that Craig Wright is the real Satoshi. Combined with speculators, they have successfully pumped Bitcoin SV whenever there is any indication that Wright is providing the keys to Satoshi’s stash of 1.1 BTC. At the same time, when Wright was shaken and it was obvious he didn’t have the keys, investors left Bitcoin SV and saw prices drop.
BSV chart from Coinstats
In the past few hours, a video in which Wright admits BSV was artificially pumped, investors have been on the run. A massive sell-off has triggered and BSV is well on its way to hitting $ 250. In addition to today’s 10% decline, it also means the asset is down more than 25% from the ATH of $ 340 hit a few weeks ago. The ATH was also, as expected, triggered by the development of Dave Kleiman’s case court.
In an interview with BlockTv on January 28thThe Australian entrepreneur said he knew who was behind the last 300% + but declined to share that information. When asked if he has the keys, he refused to talk about it and said he would rather talk about the future of Bitcoin SV.
Dr. Craig S. Wright refuses to talk about private keys, talks about the future of $ BSV, tells the story behind the 100% pump, and predicts the end of $ BTC.
Here’s a taste, but seriously, you need to check out the full explosive interview with @AsherWestropp: https: //t.co/751beFoqke pic.twitter.com/atld0Iq8Mb
– BLOCKTV (@BLOCKTVnews) January 28, 2020
Three days to make BTC keys
Craig Wright’s lawsuit, in which he expected to prove that he was the real Satoshi and shared half of his BTC with the Kleiman estate, is about to take another turn. And this time it could finally be settled. Since he failed to show his private keys in previous court sessions, the South Florida District Court ordered him to present the keys by February 3rd. This is only a few days away and few are optimistic that it will.
In anticipation of a Bitcoin SV crash, many are already exiting. The crypto community expects the due date to deteriorate and peak if Wright does not have the private keys.
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