Bitcoin Offshoots Surge After Would-Be Satoshi Nakamoto Filing

Jan. 10, 2020, 7:25 PM

Two Bitcoin offshoots surged amid optimism that Craig Wright, who claims to have invented the cryptocurrency under the pseudonym Satoshi Nakamoto, may own huge swaths of the coins.

Bitcoin SV, which Wright supports and calls the true Bitcoin, rallied by about 30%, while Bitcoin Cash rose by more than 10%. If Wright indeed owns millions in the largest cryptocurrency, he would likely also own huge quantities of the offshoots. Bitcoin rose about 4% to around $8,100.

Wright’s attorneys submitted a sealed document Thursday describing a trust that may hold his Bitcoins. The document is a part of the ongoing legal...

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