Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin (BTC), according to a report, said in a recent interview that he actually plans to sell his huge stash of cryptocurrencies at some point. Here are the details…
Wright wants to sell Bitcoin “because it has no use”
Saying that he is the creator of Bitcoin, Craig Wright claims that he has a supply of approximately 1.1 million Bitcoins. This, in turn, led to fears that if he sold most of them he would crash the market. These fears were actually a reaction to a post where Wright said he was planning to sell his Bitcoin in May 2020. As we reported as Kriptokoin.com, at the time, he used statements for BTC that “the value is expected to decrease significantly and will be matched by a 10x leveraged short position”.
This has been interpreted as a threat by many, especially since it said it plans to launch a 51 percent attack on the Bitcoin network. A 51 percent attack means that a single person or group is allowed to take control of the network, blocking or reversing transactions. But none of this happened. However, Wright explained in a recent interview that he wanted to sell his Bitcoin because it was “no use.”
Wright: “BTC can only scale”
In addition to the above, he said that BTC will never evolve, it can only scale. However, he simultaneously promoted his work on Bitcoin Satoshi Vision (BSV) and said that for BSV, “this has value, it’s safer, faster, can handle anything Amazon does, and better.” Ethereum founder Vitalik Buterin has in the past accused Wright of lying about being the founder of Bitcoin. Buterin compared Wright to Former US President Donald Trump.
Meanwhile, the past few days have seen Bitcoin ignite an upward rally as it rocked most cryptos. The world’s most popular crypto-asset has reached a higher high since March 3 and was trading at $46,153 at the time of writing, which represents a 1.5 percent drop in the past 7 days. It is worth noting that although it has seen a rise on a monthly basis, it has seen the levels of $ 47,884 over the past week.
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