Following a notice of compliance in which Craig Wright told the U.S. court that he received the keys necessary for him to gain access to the ‘Tulip Trust’, a Bitcoin wallet allegedly worth $8.9 billion, Bitcoin SV (BSV) reached $450 and ‘flipped’ Bitcoin Cash. At the time of writing, BSV oscillates at around $373.
The massive pump caused both severe uncertainty and disbelief in the crypto community. As CryptoPythia reported on Jan 13, recent progress in Wright’s court case against the Kleiman estate indicated that the court does not believe his claims. However, Judge Beth Bloom gave the chance to Craig Wright to deliver his keys by Feb 3.
‘The Mysterious Courier’ arrives, Bitcoin SV surges minutes later
Last night, an anonymous individual reportedly delivered the eight missing piece of the Tulip Trust’s seed phrase to Craig Wright. In a letter sent to the court, he stated:
“Dr. Wright notifies the Court that a third party has provided the necessary information and key slice to unlock the encrypted file, and Dr. Wright has produced a list of his bitcoin holdings, as ordered by the Magistrate Judge, to plaintiffs today.”
Besides the already intensifying FOMO for BSV, last night’s news led to Satoshi’s vision surging to around $450. A few hours later, the market corrected the price as BSV fell to around $380. At the moment, the cryptocurrency still experiences severe volatility.
While Bitcoin SV holders are now 100% assured that Craig Wright is indeed Satoshi Nakamoto, as a result of his notice and BSV’s parabolic run, some believe that Wright severely manipulated the market.
Furthermore, the document produced by Craig Wright is still not revealed to contain addresses to the $8.9 billion Tulip Trust. An official response from the court in the upcoming days will reveal whether BSV’s run will be short-lived or not.