Bitcoin hasn’t been destroyed as Craig Wright divined in 2018
Bitcoin was expected to be no longer exists at the beginning of 2020, according to Craig Wright. The self-affirmed Satoshi Nakamoto stated in 2018 that there was a “fatal flaw” in Bitcoin which is set to completely destroy it, adding that BTC will no longer survive by the end of 2019.
Craig Wright predicted the death of Bitcoin from 2018
Craig Wright, the chief scientist at nChain and chief defender at BSV, has been the spotlight of crypto news since 2018. However, few of his first-page appearances were as nonsensical and seemed like a hoax, such as his forecast for the future of Bitcoin.
Wright was a guest of The Crypto Show in 2018, where he spoke about his true identity, Satoshi Nakamoto. He also criticized Bitcoin, which he called ‘Bitcoin Core,” saying that every developer was working on the network really did not understand it. He claimed in the interview that they will learn a lesson in 2019 that there will be a “fatal flaw” that destroys all of BTC.
Friendly reminder: Bitcoin dies between now and tomorrow night. pic.twitter.com/N1hubI9Nws
— Mike V (@Mike__V_) December 30, 2019
But now is January 1 and nothing has happened, like the 2012 world-end prognosis. Even though the Bitcoin’s price has recently slumped and had an overall turbulent 12 months, Bitcoin had a wonderful 2019. Almost every single indicator went up this year, showing that the network was growing without much concern for the asset’s value in fiat.
The world’s largest cryptocurrency had its yearly transaction volume reached its all-time high. The total number of transactions and the network’s hashrate both placed their peaks this year, proving that magic can sweep Bitcoin away.
This is not the only exaggerate prediction “Bitcoin’s prophet” Wright made for the end of the year. Earlier in 2019, Wright said that Bitcoin SV’s price will rise to over $1,200 by the end of the year. Ironically, his claim that BSV will rise more than 1,100 percent is his prediction for Bitcoin, while he said the true value of BTC at the market will be between 0.10 and 0.20 USD.