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The nChain scientist predicts that the top cryptocurrency will not continue going up in value.
Somebody is going to prison if BTC pumps
Crypto baron John McAfee famous stated that Bitcoin would skyrocket to $1 mln by Dec. 31, 2020. Wright, however, finds such forecasts ludicrous, claiming that there is not enough money globally to push the Bitcoin price that high.
"It's not going keep going up in value. There is no million-dollar Bitcoin. That's Ponzi land."
Wright linked Tether to previous Bitcoin price spikes while predicting that BTC will not go up without the leading stablecoin issuer pumping its price.
"Tether is not going to pump anymore. This is dead. BTC isn't going to 20, 40, 50, a hundred."
If Bitcoin does manage to touch these levels, Wright is certain that someone will go to prison for that.
Wright doesn't care whether you believe him
Wright has made a lot of headlines in 2019 after suing anyone who dared to cast a shadow of doubt over his claims about being the real Satoshi Nakamoto. This led to some top exchanges in like likes of Binance and Kraken jettisoning his Bitcoin SV (BSV) fork.
Now, Wright claims that he doesn't care whether people believe him.
"It's not about belief. I don't want you to believe me. I don't want a religion."
As reported by U.Today, Wright recently showed a timestamped document that is supposed to confirm the origin of the "Satoshi Nakamoto" pseudonym.