Today in the UK High Court, Craig Wright, who has persistently claimed to be Bitcoin’s pseudonymous creator Satoshi Nakamoto, will take legal action to prove his claim.
Since 2016, Wright has declared himself the founder of Bitcoin. However, he has not been able to provide sufficient evidence to support his claims through multiple trials.
Craig Wright needs to provide evidence to prove Bitcoin creator claims
As outlined in a recent report, the Crypto Open Patent Alliance (COPA) is launching a trial today. The purpose of COPA is to reduce the impact of patents and legal disputes on the cryptocurrency industry.
However, on January 24th, Mr. Wright presented COPA with a settlement proposal, but COPA rejected it, making this clear in a post on X (formerly Twitter).
“I categorically reject that ‘settlement.’ Just as Craig Wright forged documents and did not tell the whole truth, his account of the proposed settlement is also not entirely accurate. This includes: It contains a loophole that allows him to sue people again.”
The impact of this lawsuit on Bitcoin prices remains unclear. Important news usually affects the value of Bitcoin, just like any other asset.
read more: Bitcoin price prediction 2024/2025/2030
Given Wright’s stature and controversial reputation within the industry, the direction of the outcome is uncertain.
At the time of publication, the price of Bitcoin is $42,441.
Speculation that Wright was the mastermind behind Bitcoin first surfaced in 2015 after an investigation by Wired and Gizmodo.
Mr. Wright has been making his case for years.
However, shortly after this article was published, Wired suggested that Wright may have fabricated clues linking him to Nakamoto.
In the years since, Wright himself has publicly claimed to have written the Bitcoin whitepaper with the participation of two other men: Dave Kleiman and Hal Finney.
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BeInCrypto recently reported that when asked for their opinion on the matter, ChatGPT ranked Wright in the top three for speculation regarding Nakamoto’s identity.
The chatbot provided a statistical evaluation of potential Bitcoin creators and declared that Nick Szabo is considered the most likely one. He was followed by Hal Finney and Craig Wright.