Bitcoin Satoshi Vision (BSV) the controversial hard-fork of Bitcoin [BTC], or rather Bitcoin Cash [BCH], has gained massively in the last couple of hours as it recorded gains above 47% in less than 10 hours. Bitcoin Satoshi Vision [BSV] which was trading around $120 early on 29th May 2019, broke extremely bullish reaching the All-Time Highs it had reached during its launch.
The price of Bitcoin Satoshi Vision [BSV] at 13: 45 Hours UTC on 29th May 2019 is $186. It is trading 65% higher on a daily scale. The rise has been beyond one’s imagination, gaining almost every minute. It surpasses 0.0211 BTC.
Currently, Bitcoin Satoshi Vision [BSV] is ranked 8th with a total market capitalization of more than 3.2 billion dollars. The price of BSV is almost 70% that of Ethereum at the moment. The rise can be attributed to Craig Wright’s claims over him being Satoshi Nakamoto.
The All-Time High of BSV is around $220-$240. This is recorded just after the hard fork event with Bitcoin Cash [BCH] as the two chains were competing to be recognized as the original payment system with Bitcoin [BTC]. It will meet with massive resistance at that level. Nevertheless, a break above it could trigger another run.
Recently, he had filed a copyright registration for the Bitcoin Whitepaper at the US Copyright Office. BSV Gained more almost 100% after the news broke. Furthermore, beginning at $60 before the claims, BSV has gained over 200% since the copyright registration.
However, it was met with criticism as the claims still provided no proof of the fact that he is, in fact, Satoshi Nakato. Nevertheless, he is probably the only one in the world who is closet to creating fear about the revelation of Satoshi’s identity.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com