By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs.

In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing.

BSV Climbs While BTC Sinks

It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For reference, BSV traded at just $70 in December 2018. That’s a three-fold price spike in six months.

Meanwhile, bitcoin (BTC) hovers at $7,900 after briefly touching a year-to-date high above $9,000. That’s still well below the lofty prices BTC cleared at the height of the 2017 crypto bull market, when it approached $20,000.

bitcoin sv price vs bitcoin

Bitcoin Satoshi Vision (BSV), the crypto championed by self-proclaimed “Satoshi Nakamoto” Craig Wright, is enjoying a major upswing. | Source: CoinMarketCap

Wright: Bitcoin Price Will Crater to Zero

As of this writing, Bitcoin SV is up almost 3% against the dollar and more than 10% against BTC. While this news might come as a surprise to crypto enthusiasts, Australian entrepreneur Craig Wright is probably wallowing in schadenfreude.

As CCN reported, Wright — the self-proclaimed Satoshi Nakamoto — warned that the bitcoin price would plummet until it eventually craters to zero. Why? Because he claims that BSV is the one, true bitcoin that will supplant all other pretenders, especially BTC.

READ  Crypto Payment Provider Unveils Partnerships Worth Millions of Euros - Cointelegraph

Read the full story on CCN.com.



READ SOURCE

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here