Bitcoin SV (BSV) Jumps to 5th Spot After Surging Over 100% in 5 Days
Bitcoin Satoshi Vision (BSV) is the hottest cryptocurrency right now. The hard fork of the Bitcoin Cash (BCH), which has been originally the hard fork of Bitcoin Core (BTC), is up 41% in the past 24 hours, climbing to $241.15.
A few days back, BSV was at 9th spot but with 111% gains in the past 7 days, it has jumped three spots up. Momentarily, it even flipped Tether (USDT) to claim the 5th spot.
While BSV is surging like crazy, nearly $58 million are trading on top ten exchange with real volume as per Messari. In comparison, Bitcoin is recording a trading volume of $1.2 billion and just over $1 billion is managed by Tether.
On BSV’s parabolic move, ShapeShift CEO Erik Voorhees had this to say, “This is why we delisted it from ShapeShift.”
Meanwhile, some believe this could be BSV making an exit scam.
Is a $BSV exit scam in progress?
— Alistair Milne (@alistairmilne) January 11, 2020
Bitcoin SV is up 40% over the last 24 hours. Anyone know where I can short this thing?
— Mati Greenspan [tweets are not trading advice] (@MatiGreenspan) January 14, 2020
The Keys have Arrived!
A potential reason behind BSV pumping could be the developments in Craig Wright vs Kleiman court case.
Rumors are circulating in the market that the final key that is supposed to open Wright's 1.1 million Bitcoin stash has been now delivered to the self-proclaimed Bitcoin creator Satoshi Nakamoto.
"Keys have arrived."
That's what we needed to get this thing to $200. 👍 pic.twitter.com/dUHbS7smKx
— Arthur van Pelt – Dragon Industries (@MyLegacyKit) January 13, 2020
Until February 3rd to Produce Keys
Wright is accused of stealing half of 1.1 BTC by Ira Kleinman, brother to Wright's deceased business partner David Kleinman. Kleinman is suing for half of Wright’s fortune that is said to be encrypted in a “Tulip Trust.”
Last week, Judge Beth Bloom of the Federal District Court for Southern Florida, gave him until February 3 to produce the private key that would allow him to give the Kleinman estate their share Wright has been ordered to pay as settlement.
But judge and Wright's critics have little faith in his ability to produce the necessary information. Wright is known in the crypto community as the Faketoshi.
“BSV will be top 4 by end of Q1” – Calvin Ayre
At the beginning of this year, Calvin Ayre, founder of media channel CoinGeek and a believer in BitcoinSV shared some hopium for BSV enthusiasts, promising good things in 2020. Ayre said,
“Craig and I and others are meeting next week to come up with a plan for helping the BSV ecosystem really explode in 2020. It will do this anyway, we just want to pour some more fuel on.”
Then on January 13, Ayre tweeted,
If a few things happen that I know of, as I expect…BSV will be top 4 by end of Q1.
— Calvin Ayre (@CalvinAyre) January 11, 2020
And then today…
There is a ton of good news coming for the BSV platform over the next 6 weeks. Book explaining how Craig created Bitcoin by reputable journalist, CoinGeek and Genesis and some other things that are still confidential. Its going to be a fun few weeks.
— Calvin Ayre (@CalvinAyre) January 14, 2020
For now, BSV is very close to reaching its ATH of $253 and now it needs to be seen if it would be able to pump to that level or will get dumped before making a new high.