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Craig Wright Basically Admits BSV Was Artificially Pumped

Craig Wright, a self-proclaimed inventor of Bitcoin was recently interviewed by BlockTV and stated that he knows what caused BSV to pump 300%. According to Craigh, the people behind the pump would probably like to remain anonymous. “I know what’s […]

Lorenzo Stroe

Lorenzo Stroe

January 31, 2020 12:36 AM

Craig Wright Basically Admits BSV Was Artificially Pumped

Craig Wright, a self-proclaimed inventor of Bitcoin was recently interviewed by BlockTV and stated that he knows what caused BSV to pump 300%.

According to Craigh, the people behind the pump would probably like to remain anonymous.

I know what’s behind it and who and whatever else. I know people who are doing things and none of that is public information, so I’m not going to share it.”

Bitcoin SV experienced a massive pump right after Craig Wright stated that the private keys of ‘his’ $8.5 billion Bitcoin stash. According to Wright, there was a market interest in BSV but he will not specify who was behind it.

Craig Wright was ordered to give up half of his Bitcoins to Dave Kleiman, his former business partner. Wright stated that he won’t make it easy for the US court to enforce him to pay up.

According to Wright, if he gave away 500,000 Bitcoins to Kleiman, the digital asset and the whole cryptocurrency market would suffer because Kleiman would very likely sell a large amount just to pay the estate tax.

A judge also stated that Wright’s testimony was intentionally false a few times and that Wright has been deceiving in his statements. Craig Wright definitely has some supporters but has been heavily criticized ever since he claimed to be Satoshi Nakamoto.

Does Craig Wright Have The Private Keys?

In the BlockTV interview, Craig was asked about the private keys but stated that he is not willing to share any details. In fact, Wright answer was quite strong.

It’s none of your goddamn business. We’re talking about someone’s financial privacy, whatever else, and you guys are a bunch of incredibly rude assholes. There’s no other way to put this. You sit there going, ‘How much money do you have?’; ‘What bank account do you have?’; ‘Where is your money now?’. Who cares what?…

Dr. Craig S. Wright refuses to talk private keys, speaks about the future of $BSV, tells the story behind the 100% pump and predicts the end of $BTC.

Here is a taste, but seriously, you need to watch the full explosive interview with @AsherWestropp:https://t.co/751beFoqke pic.twitter.com/atld0Iq8Mb

Is Bitcoin SV Going to Crash?

If the recent pump of BSV was artificial, doesn’t that mean the digital asset is very likely to simply crash in the next few weeks? Probably, Wright has refused to explain the fundamentals that helped BSV pump 300%, something quite concerning for traders.

Analysts have pointed out that traders might have believed that Wright was in possession of 1.1 million Bitcoin and that he would dump them. However, it seems that Wright was not able to retrieve the private keys this time either.

If Wright cannot prove that he owns the 1.1 million Bitcoin within the next few weeks, traders will slowly leave BSV and the price will eventually fade away.

Do you think Craig Wright has access to 1.1 million Bitcoin? Tell us below!

Lorenzo Stroe
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Lorenzo Stroe

Skilled Journalist and Expert Financial Technology Writer successful at Creating Unique pieces that tell Intriguing stories.

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