Bitcoin SV (BSV) gained 67% in value in just a few hours on Wednesday, coinciding with the spread of fake news regarding its imminent re-listing on Binance.
Chinese investors may have been hit hard after a doctored WeChat screenshot was circulated around the country’s “crypto media.” That’s according to VC and analyst, Dovey Wan, who spotted the fake post and offered a translation of its doctored content.
In light of Wan’s comments regarding investor mentality in the far east, perhaps this explains Bitcoin SV’s readiness to pump of late. Just over a week ago the BSV price spiked by over 125%, coinciding with Craig Wright’s registration of the Bitcoin trademark. Another example of badly informed Chinese investors?