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Bitcoin SV Price Analysis: BSV has shown growth despite the lawsuit loss of its founder

At the time of writing this article, Bitcoin SV (BSV) was trading in the market at $120.795 against the United States dollar (USD). The market cap of the coin was $2.29 billion United States dollar (USD) and the market supply was $17.9 million United States dollar (USD). The coin is performing very well in the market when we consider the weak performances of other digital currencies.

The lawsuit against Craig Wright, the founder of Bitcoin SV (BSV) in which has left Craig Wright humiliated yet again in the public sphere has not impacted the reputation of the coin in the market.

The judgment of the federal court of the Florida, United States, in the lawsuit named Craig Wright versus David Kleiman states that the self-proclaimed “Satoshi Nakamoto” Craig Wright has to give away 50 percent of the Bitcoin (BTC) and 50 percent of the intellectual property that he made along with his business partner David Kleiman.

This judgment was the major blow to Craig Wright but even after this humiliating defeat, he claimed in an interview that he is still Bitcoin Whale having around 6 billion dollars worth of the flagship digital currency, Bitcoin. The Judge also claimed that the self-proclaimed Satoshi Nakamoto has not been able to provide any substantial evidence to prove that he is right.

Bitcoin SV (BSV) has shown some growth but still, the coin remains in an extremely bearish zone and the coin will not show any real growth until the founder, Craig Wright comes out of the lawsuit.

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About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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