The increase in BSV diverted the attention of miners from BTC and BCH. BSV is not yet a threat to BTC hashrate, but this may be relevant in the case of Bitcoin Cash (BCH). Maintaining BSV price increases may distract some miners from BCH, which will reduce BCH hashrate. This is a significant change.
Please note that it doesn't matter which cryptocurrency fork was first. An example is Ethereum (ETH), where the main chain is a fork. This ETC is the first version, not dominating. In the case of Bitcoin, it can be the same. If most miners switched from BTC to BSV, then BSV will be the main chain and will be the dominant Bitcoin.
BSV is compatible with Whitepaper 2008 and solves all scalability problems that BTC has. BSV is an electronic Peer-to-Peer cash system, as Whitepaper is written. BTC developers have turned Bitcoin into a value store, Satoshi Nakamoto did not mention such a thing. To grow, Bitcoin must be used, not kept like gold. BSV will restore the global payment system, which was Bitcoin by definition.
As for Craig Wright, it is not known if he has this million BTC. However, it effectively blocks BTC increases and helps BSV. Someone who wants to enter the BTC market is waiting, because what if he buys and a drop occurs. If he really has this BTC and will have to give away half, then Ira Kleiman (Dave's brother) will immediately sell his 500,000 BTC (Ira will not be able to receive 500,000 BCH and BSV, apparently they agreed with Creig).
So being in BTC is now risky (in BCH too). At the time of the drop, everyone will be saving to BSV, stable coins and FIAT. All cryptos may fall sharply, and BSV may increase (This would confirm that Craig Wright is Satoshi).
These are my private thoughts, not investment advice. Thanks for reading!
Please note that it doesn't matter which cryptocurrency fork was first. An example is Ethereum (ETH), where the main chain is a fork. This ETC is the first version, not dominating. In the case of Bitcoin, it can be the same. If most miners switched from BTC to BSV, then BSV will be the main chain and will be the dominant Bitcoin.
BSV is compatible with Whitepaper 2008 and solves all scalability problems that BTC has. BSV is an electronic Peer-to-Peer cash system, as Whitepaper is written. BTC developers have turned Bitcoin into a value store, Satoshi Nakamoto did not mention such a thing. To grow, Bitcoin must be used, not kept like gold. BSV will restore the global payment system, which was Bitcoin by definition.
As for Craig Wright, it is not known if he has this million BTC. However, it effectively blocks BTC increases and helps BSV. Someone who wants to enter the BTC market is waiting, because what if he buys and a drop occurs. If he really has this BTC and will have to give away half, then Ira Kleiman (Dave's brother) will immediately sell his 500,000 BTC (Ira will not be able to receive 500,000 BCH and BSV, apparently they agreed with Creig).
So being in BTC is now risky (in BCH too). At the time of the drop, everyone will be saving to BSV, stable coins and FIAT. All cryptos may fall sharply, and BSV may increase (This would confirm that Craig Wright is Satoshi).
These are my private thoughts, not investment advice. Thanks for reading!