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Bitcoin {BTC} languishes below $10k as analysts anticipate the dawn of a bear-run

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Bitcoin is the top-ranked asset in the market with a dominance rate of 65.9% associated with it. The trading volume recorded stands at roughly $19.688 billion, while the supply has 18,048,187 BTC coins in play as part of circulation. The total market cap of Bitcoin amounts to $155.725 billion. The price declined at a rate of 1.55% in the course of the past 24-hours; this, in turn, prompted BTC to dip all the way down to the $8628.32 mark where it currently holds.

Joerg Molt is a known scammer who has affected over 7000 people [mostly aged folks] via a “Bitcoin Pension” initiative. This Ponzi scheme has been methodically carried out over the past 2 years and is yet to be stopped. The man responsible hasn’t been apprehended yet. Just like Craig Wright, Joerg is one amongst many who claims that he is the real “Satoshi Nakamoto”. During numerous instances, Molt has stated that he holds 250,000 BTC which proves that he is the creator of Bitcoin.

He hasn’t presented any sort of viable evidence tied to his stupid claim. Such individuals have adversely affected the crypto-market since its inception. It is because of men and women like him that digital currencies are yet to be classified as a mainstream form of payment. Joerg has also authored a book that failed to attract attention. He founded the Satoshi School not too long ago in order to educate people with regards to Bitcoin and other virtual currencies.

Fake Satoshis need to be arrested and the citizens who have been scammed by such devious personnel need better training from verified sources.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.