April 2, 2022

Self-Proclaimed Satoshi plans to dump $50 billion worth of Bitcoin

Craig Wright owns 1.1 million bitcoins worth $50 billion. He is planning to sell his BTC holdings as cryptocurrency.

The self-proclaimed Satoshi Nakamoto, Craig Wright, says ‘Bitcoin has no utility.’

"Bitcoin Is Not Crypto"

In a recent interview, he expressed his concern and fear pertaining to the BTC market situation. Recently, BTC dropped below $47,000.

According to some Electrum SV developers, the BSV network will eventually grow to the point where seed phrases will no longer guarantee access to your bitcoins.

Using the model of Alice and Bob, Wright highlighted the misconceptions about bitcoin and how it works.

One can watch the "Theory of Bitcoin: The Bitcoin Whitpaper" series. Craig explained the possibilities of short-term attacks and Bitcoin as an economic system.

Do you agree with Craig Wright?