Craig Wright’s $3 Billion Bitcoin Dump isn’t Coming Anytime Soon

  • No $3 billion dump incoming because Faketoshi doesn't have the private keys
  • Craig Wright says he never said the private keys would arrive next month
  • Self-proclaimed Satoshi says BTC is dead, it won’t go to a million or hundred dollar

The countdown for Craig Wright’s 1 million Bitcoin fortune has stopped ticking because Faketoshi needs more time.

That’s right, Craig Wright who claims to be Satoshi Nakamoto, who invented the world’s leading cryptocurrency Bitcoin won't be able to surrender $3 billion of his BTC holdings that he has been ordered by a judge.

US Magistrate Judge Bruce Reinhart in West Palm Beach, Florida, said earlier this year that Wright submitted false documents and even lied in the legal dispute.

The Judge ruled that the Wright’s partner Dave Kleinman owned half all the BTC that Wright mined in 2013 along with the half of all the intellectual property he created.

The problem is that there is no certainty that the information to help identify the originality of the coins that have to be split in a legal dispute will in fact arrive, said Wight in a statement to Bloomberg.

In his statement to the media outlet, he further added that he hasn’t said the private keys to those Bitcoins would be available next month.

Wright doesn’t want to dump his $3 Billion Stash

In a statement, while talking about his fortune in another attempt to try to convince people with his words when the forged documents didn’t work that he is the anonymous BTC creator, Wright said,

“I do not intend to dump my family’s BTC as some people suspect or want, as this would hurt many people in the industry.”

He also said, unlike Ira Kleinman, brother of late Dave Kleinman, who could dump his $2-$3 billion BTC in the market because he needs it, Wright wouldn’t have done if he would have been left alone.

“I would have sat on my f*cking money and you wouldn’t have to worry,” said Wright adding, This is not an outcome I would have liked.”

Bitcoin is Dead, It is going to $20 let alone a Million Dollars

The self-proclaimed Satoshi recently took a jab at the price prediction of Bitcoin Core stating, “It's not going to keep going up in value. There is no million-dollar Bitcoin. That's Ponzi land.”

Linking the increase in BTC value to that of Tether supply, he said “Tether is not going to pump anymore. This is dead. BTC isn't going to 20, 40, 50, a hundred.”

Meanwhile, Bitcoin is currently trading at $7,216, up 90% year-to-date basis, as per Coincodex.

Wight’s Bitcoin SV, however, is barely at $90, down 1.78% YTD while Bitcoin cash (BCH), from which it has been hard forked, is trading at $200, representing a gain of 18.20% in 2019 till date.

Bitcoin (BTC) Live Price

1 BTC/USD =$38,683.8524 change ~ -3.35%

Coin Market Cap

$724.8 Billion

24 Hour Volume

$26.04 Billion

24 Hour VWAP

$39.49 K

24 Hour Change


Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide