He is the inventor of Bitcoin Satoshi Nakamoto announcing Craig WrightShock words from : “Bitcoin is useless, I plan to throw away my BTCs!”
Claiming to have $50 billion worth of BTC assets, Wright said that BTC would never evolve and could only scale.
Craig Wright, who, according to his own claims, has a supply of approximately 1.1 million Bitcoins, in a recent interview with its current value. This supply, which is close to 50 billion dollars,He also answered fears that he would crash the market by selling most of the .
Aforementioned Concerns Dating Back to May 2020!
Concerns about what Wright can do with his large supply are actually based on an article published on Slack in May 2020. The sensational name said in that famous article that he was planning to “sell a large amount of BTC for USD” and many people interpreted this post as a threat. Especially the part where he declared his intention to launch a 51% attack on the Bitcoin network at the same time made a big noise.
However, Wright has not taken a step to justify these concerns so far. “If you are talking about BTC, yes, I will eventually sell it because it is of no use.” Considering that Wright often comes up with such news, it is obvious that there is no need to worry too much about this issue.
Criticism of the Crypto Market from Wright!
On the other hand, Wright, who evaluated his work on the Bitcoin Satoshi Vision (BSV) project as “valued, safer, faster, able to handle everything Amazon does and better”, also made some harsh criticisms about the crypto market.
He expressed the view that the crypto market is not a “market” but “a series of bucket shop exchanges,” adding that “none are regulated, none are legal, not even Coinbase.”
“Bitcoin is Anti-Crypto!”
The famous name also questioned the use of the word “crypto” since there is no encryption in Bitcoin and claimed the following:
When I designed Bitcoin it was clear text, originally designed not to be crypto.