Craig Wright Responsible for Bitcoin (BTC) Market Crash?

Craig Wright Responsible for Bitcoin (BTC) Market Crash?

Craig Wright has been making headlines on tabloids for more reasons than his back and forth uproar with fellow Bitcoin Cash proponent Roger Ver. The Australian developer is notable for his consistency in pioneering Bitcoin Cash and publicly cursing or calling out a perceived opponent.

Wright who severally referred to himself as Satoshi Nakamoto has laid open threats against Bitcoin miners, warning that any move to mine Bitcoin Cash ahead of the upcoming hard fork will lead to a refund using Bitcoin, a move which will indeed unleash a lasting bearish crisis on the big bull, as well as the rest of the entire cryptocurrency market.

In a recent tweet, preceding a gif of a  building falling in slow motion; suggesting the intensity of the possible market crash, Wright tweeted ;

To all BTC miners…
If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks.
Think about it. We will sell A Lot!
Consider that….
And, have a nice day
(BTC to 1000 does not phase me).

Although the cryptocurrency market has been recording slight losses since the week began, the decline in trading prices of more than half of all the top 100 cryptocurrencies according to rankings from Coinmarketcap have intensified following Wright’s tweet, with Bitcoin dangling below the $6,000 mark for the second time this year Could this be linked to Wright’s tweet? Is he the cause of the bearish market? Developers and investors have since been throwing in endless comments, most of which are still in disbelief that Wright is the real Satoshi Nakamoto or even had anything to do with the current market volatility.

Meanwhile, Wright is unfazed by the effects of the bearish market on Bitcoin Cash, even as this will threaten his chances of getting the needed support (in terms of trading volume) from traders upon the conclusion of the BCH hard fork which will result in splitting the already existing token to create Bitcoin ABC and his long-awaited token with the name “Satoshi Vision”.

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Wright had been on a continuous Twitter rant on for most of the week, mainly cursing at any potential threat who spoke against his vision for Bitcoin Cash. Roger Ver, whose disagreement with Wright concerning the future of Bitcoin Cash resulted in the decision of the soon to commence hard fork, had earlier disclosed an email that was supposedly sent by Craig Wright who was not impressed with the fact that Ver made a YouTube video questioning his identity as the self-proclaimed “Satoshi Nakamoto”.

The mail had Wright declaring bankruptcy on the soon to arrive ABC Bitcoin token which Ver is backing his weight against.

The mail read :

If you want a war…
I will do 2 years of no trade. Nothing.
In the war, no coin can trade.
If you want ABC, you want shitcoins, welcome to bankruptcy.
It was nice knowing you.
Bitcoin will die before ABC shits on it. I will see BCH trade at 0 for a few years. Will you?
Side with ABC, you hate bitcoin, you are my enemy. You have fucking no idea what that means.
You will.
I AM Satoshi. Have a nice life. You will now discover me when pissed off.
And, no. You Could have had proof. Your choice.
Fuck you,

As of this writing, the cryptocurrency market has fallen by a significant margin. Bitcoin has declined by 10.58%, with a trading price of $5,679. Ripple has also overthrown Ethereum The world’s second cryptocurrency, while Ethereum sits at the third position, losing as much as 13.6% as it trades at a price of $179.43.