Craig Wright, Founder of nChain and vocal proponent of Bitcoin SV, disappeared from Twitter after the recent episode involving alleged harassment, lawsuits and copyright infringement.
The self-proclaimed creator of Bitcoin was attacked by trolls on Twitter, after he announced his intention to sue anybody making false claims or harassing or copying his tweets.
Following the Twitter storm, many troll/spoof accounts were created. One such notable account was Fake-toshi Bot, an account that reproduced Wright’s tweets. Wright had previously responded to such bot accounts with the threat of legal action.
The DMCA prohibits trafficking in devices or tools that help other people circumvent access-control and copy-control measures. 17 U.S.C. § 1201(a)(2), (b).
This includes Twitter Bots and is a criminal offence in the USA.
— Fake-toshi Bot (@BotFaketoshi) March 17, 2019
A Twitter user, @big_blockers, also came forward to inform the Twitterverse that Jihan Wu, the founder of Bitmain, was now following the parody account as well. Roger Ver and Jihan Wu previously had a strong disagreement with Craig Wright and Calvin Ayre during the hard fork of Bitcoin Cash.
JihanWu just followed @BotFaketoshi
— BigBlockers (@big_blockers) March 17, 2019
However, soon, the issue became one of ‘disappearance,’ as Wright’s Twitter account was found offline. Twitterati soon joined in to comment on Wright’s disappearance, with @WhalePanda tweeting,
“Fraud/scammer puts a lot of time and effort into getting 70k followers on Twitter. Gets annoyed with bots. Tries to use protected tweets but the bots follow him so has no effect. Mr Fraud is desperate and doesn’t understand how this tech works. Then he finds the ultimate solution”
@NeerajKA, a popular cryptocurrency enthusiast, tweeted,
Shortly after Craig Wright blocked me his twitter experience became so degraded that he decided to delete his entire account
— Neeraj K. Agrawal (@NeerajKA) March 18, 2019
“As a tribute to Craig Wright being a fraud, I’m going to make next week ‘Craig Wright is a fraud week’, and tag all my tweets with #CraigWrightIsAFraud
Feel free to join the celebration. 🙏”
Craig Wright’s Twitter account, at the time of writing, was suspended, suggesting that it could either have been reported by multiple users, or Wright must have deleted his account.
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Bitcoin will likely be valued at $100,000 with a market cap of over $2 trillion before the end of 2021
The entire cryptocurrency market seems to be on the brighter side of the market since the beginning of the year. A majority of the coins have recorded significant recoveries from their 2018 slump, a period during which most coins lost over 90 percent of their value, when compared to their all-time highs. Among all the coins in the market, Bitcoin [BTC] aka the digital gold, was noted to be making a massive comeback as the coin breached the $11,000 mark after nearly 15 months. The coin however, soon retracted to settle below the $11,000 level.
According to CoinMarketCap, at press time, Bitcoin was trading at $10,887.27 with a market cap of $93.549 billion. The coin recorded a 24-hour trading volume of $20.757 billion for the past 24 hours and saw a massive rise of over 17 percent over the past seven days.
Anthony Pompliano, Co-founder of Morgan Creek Digital Assets, predicted that the largest digital currency could rise to reach $100,000, before the end of 2021. Pomp added that he was around 70-75 percent confident in this prediction. He stated,
“As I have previously said, making predictions is difficult […] Part of my process as a professional money manager is forming a thesis (price target), identifying a timeline (date), and establishing a confidence level. And then constantly re-evaluating those three aspects of my thought process as I receive new information.”
Pomp however, listed six pointers that have to be understood beforehand. First, this prediction is not an investment advice, and people should do their own research before investing in the digital currency. The second is with respect to Bitcoin’s volatility, with Pomp remarking that since it was a highly volatile market, the coin could witness a significant fall before being valued at $100,000. He stated,
“I anticipate that there will be numerous 20-30% drawdowns from new all-time highs as the asset continues to appreciate in value. These mini-boom/bust cycles should not cause panic, but rather need to be understood as natural market dynamics whenever an asset gains significant value in short periods of time.”
Further, the partner of the investment firm stated that the rise would be driven by several catalysts. This includes institutional adoption, exchange-traded funds and retail product approvals, global instability, governments all across the globe manipulating currencies, markets and economy. He went on to state,
“The market cap of Bitcoin will reach $2+ trillion when Bitcoin is worth $100,000. This is less than 1/3 the market cap of gold and less than 1/40 the global money supply.”
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