Summary
TLDR: Bitcoin SV (BSV) drops 13% after UK court rules Craig Wright is not Satoshi Nakamoto. BSV was trading at around $113, now below $89. Launched in 2018, BSV aims to follow Satoshi’s vision for Bitcoin. The drop may be a correction after recent gains, but court ruling likely played a factor. BSV Association respects court judgment, focuses on BSV Blockchain evolution.
Key Points
1. Bitcoin SV (BSV) has experienced a significant 13% drop in value after a UK court ruled that Craig Wright is not the pseudonymous Bitcoin creator Satoshi Nakamoto and did not write the whitepaper.
2. BSV, also known as Bitcoin Satoshi’s Vision, was trading at around $113 before the court case conclusion, but has since fallen below $89, marking a 22% decrease since the ruling.
3. Launched in November 2018, Bitcoin SV aims to follow Satoshi Nakamoto’s original vision for Bitcoin as a peer-to-peer electronic cash system, resulting from a hard fork from Bitcoin Cash (BCH) over a dispute about block sizes and scalability.