• Written by: John-Paul
• Tue, 07 Dec 2021
•   Russian Federation

Bitcoin SV is up big in the last 24 hours thanks to the complicated verdict in Craig Wright’s trial.  Covered: Bitcoin SV Leads The Crypto Market Craig Wright Court Case Pump Craig Wright’s “Fortune” Bitcoin SV Second Biggest Bitcoin SV (Ticker symbol: BSV) is neck and neck with several other hot altcoins for the biggest […] The post Bitcoin SV Pumps On News That Craig Wright Keeps 70 Billion Dollar Crypto Fortune appeared first on CryptosRus.

Bitcoin SV Pumps On News That Craig Wright Keeps 70 Billion Dollar Crypto Fortune

Bitcoin SV is up big in the last 24 hours thanks to the complicated verdict in Craig Wright’s trial. 

Covered:

• Bitcoin SV Leads The Crypto Market
• Craig Wright Court Case Pump
• Craig Wright’s “Fortune”

Bitcoin SV Second Biggest

Bitcoin SV (Ticker symbol: BSV) is neck and neck with several other hot altcoins for the biggest mover in the last 24 hours. BSV is up over 40% in that time span and is currently trading in the $170 USD range, as of press time.

Overall, Bitcoin SV is only up 14% for the week and 1% for the month. Not to mention, the Bitcoin Cash (ticker symbol: BCH) fork is still way down from its all-time high of $489 back in April of this year. Though, BSV is up from the $70 dollar range it was trading at after it forked from Bitcoin Cash.

Bitcoin SV (SV stands for Satoshi’s vision) is a fork of a fork. After a dispute, dubbed “The Block Size Wars,” Bitcoin Cash formed under the premise of bigger blocksizes in order to facilitate faster transaction times. From there, Bitcoin SV forked again for two reasons, according to Gemini:

1. “The belief that the scalability features Bitcoin Cash had implemented were not significant enough to meet Bitcoin’s ongoing requirements

2. The desire to return to the original Bitcoin design as represented in version 0.1 of the Bitcoin protocol”

Recommended: Fake Press Release Works Again, Bitcoin Cash Spikes On Fake News

The pump comes off the news that Craig Wright owes a 100 million dollars to the family of Dave Kleiman. According to the Associated Press, Craig Wright gets to keep 70 billion in crypto.

According to Santiment weekly social trends, interest in Bitcoin SV is up markedly since the verdict yesterday.

Craig Wright’s “Fortune”

“I owe my ex-wife more money,” Craig Wright said after the jury’s verdict was delivered.

It’s not often that a court case that results in paying 100 million is considered a win, but that’s the life of Bitcoin billionaires. Though many headlines mention he gets to keep the fortune, they neglect that he hasn’t proven that he can even access these wallets.

Interestingly, the case did argue from both sides that Craig Wright was at least partially Satoshi Nakamoto, the creator of Bitcoin. However, the jury did not deliver a verdict on whether Craig Wright is responsible for the world’s largest cryptocurrency. Or, even a part of its creation in the way that guy before Ringo is technically “a Beatle.”

So unfortunately the case doesn’t clear up who Satoshi is once and for all, just who gets to keep some of that basically premined  ground floor Bitcoin.

It remains to be seen how long BSV’s sudden rise will continue. BSV for all its posturing that it’s keeping with Satoshi’s vision of making Bitcoin more transactable, doesn’t exactly have much traction in that regard.

Recommended: CRU Staff Reveals The Identity Of Satoshi Nakamoto

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