Bitcoin SV up 116%

Bitcoin SV rose 116% in 10 days of the new year, while BTC recorded a modest gain of 5%. That isthe reason for such a sharp rise in prices?

It is worth noting that the price of BSV rose to $204 after Craig Wright presented new information in court in the Dave Kleiman case. 

However, not everyone is sure what is behindBitcoin SV price hike. The crypto community has already managed to form several versions. One of the most popular is the assumption that the result of such a price movement is a well-coordinated pump. Some are sure that the coin rate has grown under the influence of an early halving on the Bitcoin Satoshi Vision network.

Craig Wright is facing a lengthy lawsuit over the right to use 1.1 million BTC, which allegedly belongs to Dave Kleiman and is associated with the creator of the first cryptocurrency.

The trial began in 2018. Dave's late partner brother accuses Wright of misappropriating 1.1 million BTC immediately after Kleiman’s death. Craig refuses to give Ira Kleiman 500,000 BTC by order of the court and believes that losing it in the case will have disastrous consequences for Bitcoin, as Kleiman will immediately sell his assets, bringing down the price of MTC.

On January 9, Wright presented 428 documents to the court. Among these documents, there is one that is referred to in the application as a confidential document “Tulip Trust III”. According to Craig, this document will give him access to Satoshi Nakamoto's 1.1 million BTC.