Investors Downplay Self-Proclaimed Bitcoin Inventor’s Liquidation Warning

As reported by Bloomberg, “Craig Wright is warning that billions of dollars in Bitcoin could soon flood the cryptocurrency market after an unfavorable court hearing.

“Investors seem to be taking the alert in stride, with Bitcoin little changed at about $10,150 after the self-proclaimed inventor of the cryptocurrency under the pseudonym Satoshi Nakamora said he ‘has no choice’ but to hand over $5 billion to the estate of his late business partner, Dave Kleiman.

“’I’m not worried about Craig transferring Bitcoin to Kleiman because I don’t think he has any to transfer,’ Ryan Selkis, chief executive officer at crypto researcher Messari Inc., said in an email. ‘It’s a sideshow, not a real story.’

“Wright is defending himself against allegations that he stole Bitcoins and intellectual property from the Kleiman estate. Speculation that the judge reached a decision in the case spiked late Monday after a Twitter user claimed to attend the latest court hearing. Nothing has been filed yet by the federal court in Florida.”

Continue to read the full story on Bloomberg.

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