Bitcoin SV (BSV) chose a rather unusual moment to rally – just as Bitcoin (BTC), one of its competitors, crashed to below $7,500 after weeks of stability.
BSV Added Nearly 30% a Week
Bitcoin SV jumped by more than 29% in a single week, while the rest of the market was in the red. And in that past week, BSV also posted significantly successful days, bouncing off the $90 range and once again to triple-digit prices.
The earlier BSV rally above $100 happened around the birthday of Craig Wright, one of the most vocal – and reviled – Bitcoin SV proponents, and claimants to the personhood of Satoshi Nakamoto. Whether this was a birthday gift for Wright, or a stunt, the rally continued on Thursday and Friday.
The Bitcoin SV network has added an interesting feature, which surfaced on Friday. There is a 2.5 BSV bounty for uploading worldwide air quality data.
FYI. The totally fee is around 2.5 BSV every 24 hours(~3500 sat per tx), if upload the aqi of all the 3000+ cities. https://t.co/iulsGYbDLV
— Aaron Zhou (@dailyzhou) October 23, 2019
The inclusion of data in BSV blocks is a new feature, and the bounty may help build up the community.
BSV also rallies in BTC terms, up from 0.010 BTC to 0.013 BTC in a growing trend. The blockchain of BSV, which was the fork-of-a-fork of BTC, is still having claims to being “the real Bitcoin”. Craig Wright has also threatened to wipe out BTC in just a few months, dumping his vast BTC holdings, while boosting BSV.
Could the current rally be a part of this threat? It is still too early to say.