The BSV collapses after Wright can't prove he is Satoshi Nakamoto
Last week the BSV was benefited by the news that arose in relation to the judicial dispute of Craig Wright in which he tries to prove his self-proclamation as Satoshi Nakamoto. However, he could not prove it and the price collapses.
The price of BSV manipulated
Craig Wright, the creator of Bitcoin Satoshi Vision (BSV), promised last week that he could prove his control over the USD 9 billion funds linked to Satoshi Nakamoto. Wright has long carried out a legal battle to claim the creation of Bitcoin. After Craig Wright revealed that he had the private keys of the funds associated with the creator of Bitcoin (Satoshi Nakamoto), the Bitcoin SV achieved huge profits reaching its maximum record of USD 436 per unit.
In December 2019, Craig Wright wrote a note explaining the economic ideas of Tominga Nakamoto - Japanese philosopher who lived since 1715 and 1746 - and when asked if his economic ideas were the reason why he had chosen his name as a pseudonym , Wright replied: “In part, yes. He wrote about money and honest money and the rational nature of things. The shogun [feudal ruler] at the time was in financial crisis and economic austerity. [...] I like his description, and I met his brother, Tōka. Nakamoto was straight and calm, but impatient, and I thought: 'That sounds like me.'
However, its main defender in the legal case could not prove the revelations that emerged last week and Bitcoin SV under 17% in just a few hours. Wright's lawyer confirmed that the evidence submitted in the file did not include any information on private keys. Despite the great speculation that was generated last week, most analysts were incredulous with Craig Wright's claims, so the great downfall of Bitcoin SV was a foreseeable event.