The Liechtenstein Royal Family Believes Cryptocurrency To Be A Good Investment

Nuno Menezes

Lately, cryptocurrency has been getting a lot of attention from important figures like Bill Gates, Dr Erik Schmidt and Warren Buffet. Now it seems that the highest sphere of society is starting to show its interest as well. This time it is the Crown Prince of Liechtenstein that has publicly with his ambition to invest in digital currency.

Liechtenstein is a small European country where the official language is German and the population is less than 40,000 inhabitants. The principality is considered a tax haven and owes much of its wealth from this traditional status.

The head of state of this principality is S.A.S Prince Hans-Adams II, however, the power lies with his son, the inheriting prince Alois, who exerts the administration of the state with the title of Prince Regent.

The royal house of Liechtenstein suffered great losses after the Second World War and had its fortune severely deteriorated. The family was even forced to sell part of its art collection to cope with the hard times. Today, the fortune of Prince Hans-Adams II amounts to $3.9 Billion, making him one of the richest nobles in Europe.

The Prince said that blockchain and cryptocurrencies such as Bitcoin could be the perfect investment to help his family restore its wealth. The prince believes that while cryptocurrency is still "very risky" its underlying technology could also be used to improve the principality management.

Crown Prince Alois told CNBC:

"With this whole new digital economy, it is something to look into more into in the future, "Blockchain will change a lot of things, it could even help make our state more efficient the way it is administered."

Crown Prince Alois

Now, with the art collection largely recovered its and its finances better balanced the royal family is looking to invest in other asset classes, and cryptocurrencies like Bitcoin, even though considered to be a high risk asset class appeals to the Prince.

Alois admits he lacks the needed expertise to invest in cryptocurrencies but he is working on learning as much as possible to reduce the risk when investing.  The prince admitted he might consider going for a legal fund related to digital currency such as an Investment Fund.  

Last November, the first European investment fund designed to track the value of Bitcoin investments was launched in France by TOBAM Core Investments. This could well be an option for the prince. But for now, regulatory authorities (such as the US SEC) are still deciding on the numerous applicaticants of listed investment funds (ETFs) for cryptocurrencies, if accepted and ETF would provide a lower risk method for investors such as Prince Philip to gain exposure to this exciting new asset class.

Early Bitcoin Adopter Proves Ownership of Address Claimed by Craig Wright, Calls Him a Fraud

Francisco Memoria

An early Bitcoin adopter has recently proved he owns a BTC address that self-proclaimed Satoshi Nakamoto Craig Wright claimed to own in a high-profile lawsuit. The address itself, at one point, held 160,000 bitcoins in it.

In the Kleiman v. Wright case, in which the Kleiman family sued Craig Wright over the alleged manipulation of the inheritance of the now deceased Dave Kleiman, who worked together with Wright on bitcoin in its early days, the Kleiman estate accuses Wright of stealing over 1.1 million bitcoins.

In the case, various documents were submitted as evidence. One, known as Exhibit 11,  includes various early bitcoin addresses allegedly used in a trust held in the United Kingdom, that was to be kept untouched until regulations on BTC and cryptocurrencies were clearer.

Image of the Exhibit 11 document

Recently the owner of one of the bitcoin addresses listed posted a message on Memo, a microblogging platform built on Bitcoin Cash, claiming ownership of the addresses and claiming it doesn’t belong to Satoshi Nakamoto or Craig Wright.

The message, coming from bitcoin address 16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT, reads:

Address 16cou7Ht6WjTzuFyDBnht9hmvXytg6XdVT does not belong to Satoshi or to Craig Wright. Craig is a liar and a fraud.

The addresses’ legitimate owner included a signature that allows users to validate that the person who sent it out does indeed control its private keys. Various cryptocurrency users validated the signature, confirming the person who sent it out controls the 16cou address.

On Reddit, blockchain developer Mark Lundeberg posted an image that shows he used the Electron Cash wallet to verify the signature.

Signature being verified via Electron Cash

Notably various users believe the address belongs to CEO Roger Ver, who’s a well-known Bitcoin Cash supporter, and who has called Craig Wright a “liar and a fraud,” and been sued because of it. Other possibilities include Mt Gox traders or early BTC adopters.

A Controversial Bitcoin Address

The owner of the bitcoin address coming forward in claiming he isn’t Craig Wright is notable as, a document from the case called Exhibit 4, describes an encounter that’s said to have occurred on October 13, 2011, in which Wright’s attorney swore by oath the self-proclaimed Satoshi Nakamoto showed him he could be controlling the address.

In the document, the lawyer wrote that on his HTC smartphone Wright he was able to see the 16cou address. The document reads:

I viewed the Bitcoin wallet addresses by scrolling down on the screen of the Wright mobile. It appeared to me that if Mr Wright wanted to, he could control all of, and make transactions in, the Bitcoin wallet addresses.

The case is, however, only becoming more complex. Recently on social media Calvin Ayre, the CEO of CoinGeek and a Bitcoin SV supporter, has said that by May 21 he hopes to have significant proof Craig Wright is Satoshi Nakamoto.