Craig Wright's Bitcoin SV has in the last 24 hours pumped by over 25%. The move seems to have further sparked a wider market rally that saw Bitcoin, the market leader and Bitcoin SV's bigger brother,<a href="https://www.cryptoknowmics.com/news/bitcoin-will-be-largely-bullish-in-the-first-half-of-2020-here-is-why"> Bitcoin, rally to climb above</a> $8,500. In fact, all Bitcoin-related cryptocurrencies have enjoyed a day of gains. Bitcoin Cash in which Bitcoin SV was forked from, has seen a gain of more than 7%. For Bitcoin SV, the move sees it climb above $200 and officially double its price since the turn of the year. The latest BSV surge could be the work of the man that inspired its creation, Craig Wright.
<h3>Bitcoin SV's Pump Triggered By Craig Wright</h3>
Such pumps from Bitcoin SV have been witnessed when there has been controversy from the man behind it, Craig Wright. This time again, it looks likely that he is at work. A recent legal development in his court case to prove he is the real Satoshi Nakamoto could have led to Bitcoin SV pumping.

Wright, an Australian entrepreneur has been claiming to be the real Satoshi Nakamoto for almost a year. His claim has seen some in the crypto community support him while a majority have found his claim to be preposterous. Part of the reason why a big section of the crypto community has denied his claim is that he has failed to produce the Bitcoin he mined after creating Bitcoin. The real Satoshi is supposed to be holding Bitcoin worth billions from when he first created Bitcoin.
<h3>Wright Ordered To Unlock The Tulip Trust In Three Weeks</h3>
For Wright, his case has grown to be a legal dispute with<a href="https://www.forbes.com/sites/billybambrough/2020/01/14/bitcoin-sv-has-suddenly-soared-pushing-bitcoin-to-a-fresh-2020-high-heres-why/#758669a66529"> Ira Kleiman who is suing Wright</a>. Kleiman is requesting 1.1 million Bitcoin from Wright for the role he played in the creation of Bitcoin. A court last week, ruled that Wright had until February 3 to unlock the Tulip Trust where the first created Bitcoins are stored. Wright maintains that he still cannot access this Trust as part of the keys are held by an intermediary.

Bitcoin SV supporters are hoping that the Trust will be unlocked. Wright can then finally prove to be the real Satoshi Nakamoto. He is then expected to<a href="https://www.cryptoknowmics.com/news/can-bitcoin-halving-influence-another-all-time-high"> steer Bitcoin</a> towards Bitcoin SV. This will see the relatively new digital asset reach the moon. Before then, the wider crypto community can only wait for the set date to see if Wright proves himself. Bitcoin SV investors, on the other hand, will continue to enjoy the gains that come with the court win.

Did Bitcoin SV Soar By Over 25% Due To Craig Wright's Minor Court Victory?

Bitcoin SV has in the last couple of hours soared immensely. It has further triggered the wider market. Is it as a result of Craig Wright's court case?

John is an exceptional writer with a liking on technology, finance and the intersection of the two. A firm believer in the transformative potential of cryptocurrencies and the blockchain. When he is not writing, he likes to listen to Nas, Eminem and The Beatles.

Did Bitcoin SV Soar By Over 25% Due To Craig Wright's Minor Court Victory?

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