Bitcoin SV Pumps 125% as Calvin Ayre Runs Friend’s Satoshi Victory Lap

May 21, 2019 21:30 UTC

By CCN: Bitcoin SV (BSV) more than doubled in price on Tuesday fresh off the back of confirmation that Craig S. Wright had registered Bitcoin copyright claims with the U.S. government.

The 125% pump in BSV’s value may have been helped along (not a legal term) by Bitcoin SV cheerleader Calvin Ayre. The billionaire owner of Coingeek appeared to ‘inflate’ the importance of Craig Wright’s purely cosmetic copyright claim, suggesting it confirmed his status as Bitcoin founder Satoshi Nakamoto.

Calvin Ayre: Convert Your ‘Sh** Coins’ to Bitcoin SV

Ayre started off the morning with a celebration of Craig S. Wright’s successful receipt of copyright letters from the U.S government. He tweeted:

Proof indeed. Proof that Craig Wright did something that anyone reading this article could pull off, even right now. Read: Craig Wright’s Bitcoin Copyright: Blockchain Bombshell or Absolute Farce?

But that didn’t stop Ayre, who suggested this marked the beginning of an ‘outing of the scammers’ – presumably referring to anyone who has ever opposed Wright and him. He tweeted:

Are there more eccentric billionaire types out there who believe this stuff, or is Ayre alone on that front? Something has to account for the 125% pump which returned Bitcoin SV to a six-month high on the day.

Ayre Brags: No One Can Contest This But Satoshi!

Like an overconfident Bond villain, Ayre went so far as to brag that nobody but the real Satoshi Nakamoto could disprove Craig Wright’s claims (whom he still maintains is the real Satoshi). Ayre wrote:

Ayre continued to muddy the waters for investors with claims that Wright’s certificates from the copyright office represent some kind of legal confirmation. They don’t. And contrary to Ayre’s claims, they can indeed be contested if someone files a competing claim.

Ayre went on to post links to copyright documents showing Wright’s successful applications from back in April. They can be read here and here. Again, the importance of these documents is being blatantly exaggerated by Mr. Ayre – who this contributor assumes (wrongfully?) is smart enough to know this. That leaves us with the conclusion that Ayre is knowingly pushing the theory that Craig Wright is Satoshi Nakamoto for some kind of personal gain. Hardly groundbreaking speculation, but speculation nonetheless.

Finally, Ayre teased the prospect of Craig Wright unveiling the newly received copyright certificates at a CoinGeek conference in Toronto over a week from now. Ayre wrote:

Bitcoin SV Price Pumps 125% – BSV/USD

Bitcoin SV gained 125% in the space of two hours on Tuesday, as the ‘Faketoshi’ news filtered through. That carried BSV from a daily low of $61.76 to a six-month high of $139.31.

Bitcoin SV is currently trading off its highs of the day. | Source: CoinMarketCap

The peak proved short-lived; the coin price had returned to the high $90 range by time of writing, a near 30% decrease. Not even the ‘real’ Satoshi Nakamoto could maintain this pump.

This article was edited by Gerelyn Terzo.

Last modified: May 21, 2019 21:33 UTC

@gregthomson88

Greg Thomson is a freelance journalist covering the cryptocurrency and blockchain beat. He contributed to numerous crypto news outlets before joining CCN and Hacked in 2018. Based in Glasgow, Scotland. Reach him directly gregthomson888@gmail.com, or Tweet at @gregthomson88.