The man who claims to be Satoshi Nakamoto, the creator of bitcoin, claims the leading crypto will never return to all-time highs without someone winding up in jail.
Crypto baron John McAfee famously stated that bitcoin would skyrocket to $1 million by December 31, 2020. Wright, however, finds such forecasts ludicrous, claiming that there is not enough money globally to push the Bitcoin price that high, U.Today reported.
In a Christmas interview, Wright, who is often referred to as “Fake Satoshi,” said, “It’s not going keep going up in value. There is no million-dollar Bitcoin. That’s Ponzi land.”
The nChain scientist linked Tether to previous Bitcoin price spikes while predicting that bitcoin will not go up without the leading stablecoin issuer pumping its price.
“Tether is not going to pump anymore. This is dead. Bitcoin isn’t going to 20, 40, 50, a hundred.”
If Bitcoin does manage to touch these levels, Wright is certain that someone will go to prison for that.
Wright has made a lot of headlines in 2019 for threatening to sue anyone who dared to cast a shadow of doubt over his claims about being the real Satoshi Nakamoto. This led to some top exchanges such as Binance and Kraken jettisoning his Bitcoin SV (BSV) fork.
However, Wright claims that he doesn’t care whether people believe him.
“It’s not about belief. I don’t want you to believe me. I don’t want a religion.”
As reported by U.Today, Wright recently showed a timestamped document that is supposed to confirm the origin of the “Satoshi Nakamoto” pseudonym.
Meanwhile, on January 1, Wright is set to receive the keys for more than 1 million bitcoins. Worth more than $8 billion, the unlocked bitcoins could tank the entire crypto market, Cryptoslate reported.
Wright has been embroiled in a dramatic legal battle with the estate of his former partner Dave Kleiman, with whom he supposedly mined more than 1 million bitcoins in the cryptocurrency’s early days. Kleiman’s estate has successfully sued Wright and won the rights to half of the fortune they mined.
However, Wright claimed he was unable to access the funds, as they were held in the Tulip Trust, a Seychelles-based fund. But, despite having lost the keys to the funds, Wright claims Kleiman hired a bonded courier to return the keys to Wright on January 1, 2020.
With just a a few days before the end of the year, the crypto community is becoming impatient to see how Wright’s story about the courier plays out. If the keys to the trust were to be delivered, Wright would become the owner of 1.1 million bitcoins.
And while the BSV community is already gearing up for a crypto revolution, the skeptical majority has been pointing out gaping holes in Wright’s story.