I would predict another correction - because it is clear that he cannot be trusted with those 1M BTCs (plus he has financial problems).
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Definitely. The question is how low would it go. Right after BBC, Economist published the story, price went down something like $10 (I can be wrong on this one), BTC lending rates on Polo instantly went up 3-4 fold, meaning people were expecting some sort of crash. His 'proof' was debunked only after 90 minutes and things got back to normal.
According to him they are locked in a trust until 2020. That should be very bullish for the price because it provides certainty that those coins will not move until then. Uncertainty about Satoshi and his coins has been a drag on bitcoins price forever.
If CW is in fact Satoshi, the fact that the coins are locked up makes sense considering he has had financial problems that would have been wiped out if he could touch the coins.
But if he was to move even 1 satoshi, that would mean coins are not locked and he's got access to them.
I also don't buy the "trust" story. Afaik the coins are sitting there since forever, so there's no way he had transferred them into trust account. So how would that work? He deposited his private keys with a trust, like in a safe deposit box? That's not quite how trust funds work.
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The market is a fucking pussy so it'll probably have a shit anyway.
I like your style
Market is a pussy because everyone expect others to act like pussies and start panic-selling. Self-fulfilling prophecy kind of thing.