Is $8 billion worth of bitcoin about to hit the market?

Bitcoin Talk and Cryptocurrencies Bitcoin Discussion
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Craig Wright - Satoshi - 4
Craig Wright - Satoshi - 4879×527 169 KB

Is Craig Wright the real Satoshi Nakamoto?

From LeapRate –

This proclaimed Satoshi Nakamoto to receive $8 billion worth of Bitcoin on January 1st, 2020

Excerpts –

The latest development in the court case is that Wright will receive the private keys to access just over 1 million Bitcoins on January 1, 2020.

With such development of the case, it is not clear how Craig Wright will handle the Bitcoins and what the effect on the price of the coin will be, as the amount that is going to be affected equals around $8 billion at the time of this writing.

On January 1st, 2020, Wright is to receive the private keys for the Bitcoins from a bonded courier. If he decides to sell them, this will crash the cryptocurrency, as the price will experience a huge drop. The Bitcoin community is now uncertain as to what Wright will do at this point.

However, Wright has left many to believe that he will not sell his coins, as this “will hurt many people in the industry”.

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Well, so far nothing of the sort has happened but that is guarantee.

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From Coinbase
Tuesday 14 January, with update on Wednesday 15 January –

In New Court Filing, Craig Wright Claims to Receive Keys to $9.6B Bitcoin Fortune

Excerpts –

  • Craig Wright, bitcoin’s self-declared creator, says the much anticipated “bonded courier” has arrived.
  • According to a court filing to the U.S. District Court of Southern Florida dated Jan. 14, a third party has “provided the necessary information and key slice to unlock the encrypted file,” seemingly referencing the “mysterious,” unnamed intermediary with the private keys necessary to unlock the $9.6 billion bitcoin trove.
  • This so-called bonded courier was originally due to arrive Jan. 1, though Wright did not confirm or deny whether this transpired at the time. Wright instead requested an extension for the intermediary to unlock the encrypted “Tulip Trust” at the heart of the case.
  • On Jan. 10, U.S. District Judge Beth Bloom granted Wright until Feb. 3 to alert the court of the courier’s arrival.
  • Judge Bloom expressed doubt over the bonded courier’s existence and the amount of bitcoin in dispute.
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Is there even such a courier?

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No private keys it appears.

However, Wright still expects that he will receive the keys at a later date

We must wait and see.

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I think so too. I am fascinated by this story, haha. I wonder if that later date will ever come.