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Could Jack Dorsey Be Satoshi Nakamoto? New Clues Suggest So

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The mystery surrounding the identity of Bitcoin’s elusive creator, Satoshi Nakamoto, has taken another unexpected turn. New speculation links Twitter co-founder and Block CEO Jack Dorsey to the pseudonymous figure.

This theory is fueled by connections between Dorsey’s past activities and key Bitcoin (BTC) milestones.

The Jack Dorsey is Satoshi Nakamoto Theory

The speculation was reignited by a detailed post from popular X user Sean Murray. Murray outlined numerous coincidences and evidence linking Dorsey to Bitcoin’s early days.

“Wrote a manifesto about making a mark without leaving a trace in 2001…Jack parades himself around in a Satoshi shirt…Posted in 2003 that he is ending his dependence on the US dollar and creating a barter network,” Murray noted.

According to Murray, Dorsey was an active member of the cypherpunk community as early as 1996. He was also a known cryptography enthusiast and a skilled programmer in multiple languages. The post highlights Dorsey’s early participation in cryptographic mailing lists and forums.

It also cites a history of discussing pseudonyms, digital privacy, and financial decentralization. Further, Bitcoin.org was registered the day after Dorsey tweeted a cryptic message about sailing. According to Murray, this echoes a famous sailor’s adage in the original Bitcoin source code.

Additionally, the earliest Bitcoin documentation timestamps align with Dorsey’s known habit of late-night work. Beyond that, key Bitcoin milestones align with significant dates in Dorsey’s personal life.

Specifically, Murray highlights Satoshi’s forum activity, which coincided with Jack Dorsey’s birthday and those of his family members.

Murray’s consequential evidence includes Dorsey’s deep admiration for Bitcoin and persistent advocacy for its decentralization principles.

Murray’s theory suggests that Bitcoin was Dorsey’s “masterpiece.” He describes it as an art form through which he aimed to transform digital finance while maintaining pseudonymity rather than complete anonymity.

“The belief that Satoshi never wanted to be found is something that other people invented about Satoshi. Satoshi chose pseudonymity, not anonymity, as Jack so pointed out in a podcast with Lex Fridman. The reason why Jack would do all of the above, while not directly admitting it, is because Satoshi and Bitcoin are his art. And it’s a masterpiece,” Murray added.

Given the extensive circumstantial evidence, the theory connecting Jack Dorsey to Satoshi Nakamoto remains speculative but compelling.

BTC Price Performance
BTC Price Performance. Source: BeInCrypto

Bitcoin price remains unmoved by this speculation. As of this writing, BTC was trading for $96,308, down by 0.02% since Tuesday’s session opened.

Ongoing Speculation Around Satoshi Nakamoto’s Identity

The question of who created Bitcoin has been a long-standing debate, with numerous individuals speculated to be Satoshi Nakamoto. Recently, an HBO documentary claimed to have unmasked Bitcoin’s creator five months ago, sparking further interest.

However, the documentary turned out to be speculative at best, naming Peter Todd and leaving the question of “who is Satoshi Nakamoto” unanswered.

“I’m not Satoshi,” Todd said on X (Twitter).

Similarly, a recent Satoshi Nakamoto “reveal” conference in London also fell apart bizarrely. As BeInCrypto reported, this further fueled skepticism around those claiming to be Bitcoin’s creator. Beyond Todd and now Dorsey, several other figures have previously been linked to Satoshi.

Among them was Len Sassaman, a cryptographer who passed away in 2011. Due to his work on anonymity-focused projects, he was thought to have been a prime suspect. However, his widow, Meredith L. Patterson, denied the speculation.

“Meredith L Patterson, Len Sassaman’s widow, denied the speculation that Len Sassaman was Satoshi Nakamoto in an interview. HBO never contacted her when making the documentary,” WuBlockchain reported.

Another theory involved Nick Szabo, a well-known cryptographer and creator of “Bit Gold,” a precursor to Bitcoin. As BeInCrypto reported, 10X Research pointed to Szabo, adding an intriguing layer to the mystery surrounding the true identity of the elusive Bitcoin creator.

Similarly, Craig Wright, an Australian entrepreneur, has claimed to be Satoshi Nakamoto but has repeatedly failed to provide conclusive proof. Recently, he lost another legal battle regarding his claim.

Backlash Against the Speculation

While some Bitcoin enthusiasts are eager to uncover Satoshi’s identity, others argue that such speculation is harmful.

“Accusing someone of being Satoshi without providing bulletproof evidence makes you [a bad person] because you’re painting a target on them,” Security expert Jameson Lopp criticized.

Similarly, Rusty Russell, an open-source developer, warned against such speculation, citing a violation of privacy.

“Speculating on Satoshi’s identity is not just a way to increase someone’s risk of violent theft attempts: it also pointlessly disrespects his clear desire for privacy,” Russell added.

These concerns have precedent. The recent HBO documentary’s allegations about Bitcoin’s founder forced cryptographer Peter Todd into hiding, illustrating the potential dangers of such exposure.

As the debate continues, new theories emerge. Coinbase director Conor Grogan suggested that Kraken, a major cryptocurrency exchange, may hold crucial clues to Satoshi’s identity.

Additionally, concerns have been raised about the future security of Satoshi’s Bitcoin holdings. Tether’s CEO warned that advancements in quantum computing could compromise Nakamoto’s vast Bitcoin stash.

Whether Dorsey is truly the mastermind behind Bitcoin remains to be seen. However, industry experts like Mathew Sigel, head of digital assets research at VanEck, support the theory that Jack Dorsey is Satoshi Nakamoto.

“In the spirit of full disclosure, intellectual honesty, posterity’s judgment, and rigorous debate, I would like to share my strong belief: I have become personally convinced that Jack Dorsey – CEO of Square and founder of X – is Bitcoin’s founder Satoshi Nakamoto. This is my opinion, not that of VanEck,” Sigel shared on X.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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8,000 Dormant Bitcoin Suddenly Move: What’s Next For The Market?

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Popular CryptoQuant analyst Maartunn reports that 8,000 Bitcoin (BTC) which have been dormant for five to seven years have been moved suddenly, adding to current bearish concerns in the crypto. This development comes after a rather adventurous week as BTC prices struggled to break above $89,000, following an initial steady bullish climb, before succumbing to heavy selling pressures driven by US President Donald Trump’s hawkish tariff policy.

$674 Million In Old BTC Transfers In Single Block – Cause For Alarm?

The Spent Output Age Bands is a crucial metric to measure how long Bitcoin tokens remain inactive before moving. According to Maartuun in an X post, this metric has recently revealed that 8,000 BTC worth $674 million that was last transferred between 2018 and 2020 have been moved recently in a single block drawing significant market attention.

This transfer follows a string of recent activations of dormant Bitcoin stashes. On March 24, a 14-year inactive Bitcoin wallet suddenly moved 100 Bitcoin valued at $8.5 million. Meanwhile, in early March, six ancient Bitcoin wallets also transferred nearly 250 BTC worth $22 million.

Bitcoin

Notably, the most recent transaction reported by Maartuun is of far larger size with potentially strong implications for an uncertain Bitcoin market. Generally, a movement of such a large amount of BTC from long-term dormancy is usually interpreted as a signal for incoming selling pressure leading to major price corrections.

However, there are other potential non-bearish motives behind such transactions such as internal wallet shuffling by institutional investors or large holders as well as a cold storage reorganization. Currently, the owners of the new wallets receiving the 8000 is unknown thus reducing the potential of a bearish reaction from BTC holders.

Bitcoin Price Overview

In the last day, Bitcoin prices declined by 4.00% after the US Government announced intentions to impose a 25% tariff on auto imports and goods from China, Mexico, and Canada starting from April 3. This marks the latest negative reaction of the crypto market to President Trump’s international trade policies following similar incidents in early February and mid-March.

These measures by the Donald Trump administration are flaming fears of a potential economic slowdown which could further push high-risk assets such as BTC out of investors’ portfolios leading to a further downside.

At press time, Bitcoin currently trades at $83,693 reflecting a decline of 0.72% and 2.53% in the last seven and 30 days respectively. Meanwhile, the asset’s daily trading volume is up by 19.38% and is valued at $31.58 billion. The BTC market cap now stands at $1.66 trillion and still represents a dominant 61.1% of the total crypto market.

Bitcoin

BTC trading at $83,727 on the daily chart | Source: BTCUSDT chart on Tradingview.com



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Bitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bitcoin price seemed to be breaking out of its consolidation range early on in the week, rising to as high as $88,500 on Monday, March 24. However, the flagship cryptocurrency appears to be back to ground zero, retracing to around $84,000 on Friday, March 28.

This recent price correction came following the release of inflation data in the United States. With the latest inflation data suggesting delayed rate cuts by the US Federal Reserve, risk assets — including cryptocurrencies — experienced significant downward pressure to close the week.

Here’s How BTC Price Could Fall To $62,000

The story gets a little grim for the world’s largest cryptocurrency after popular crypto analyst Crypto Capo put forward a bearish projection for the Bitcoin price in their latest post on the X platform. According to the crypto trader, the price of BTC could be on its way to a new low in this cycle.

Crypto Capo highlighted in their analysis of the BTC 12-hour chart that the $84,000 – $85,000 is pivotal for the premier cryptocurrency’s future trajectory. The online pundit noted that the Bitcoin price action could go one of two ways over the next few weeks.

In the first scenario, Crypto Capo expects the price of Bitcoin to enjoy a short-lived bullish burst to within the $95,000 – $100,000 range. This initial price run-up would be a bull trap for investors, according to the analyst. For context, a bull trap is a pattern that lures long traders (bulls) into the market by an initial upward surge followed by a quick reversal.

Fittingly, Crypto Capo predicts that Bitcoin will experience a capitulation event that will see its value plummet to the next main support. As seen in the chart below, this next major support lies within the $62,000 – $69,000 bracket, containing the April and November all-time high prices.

Bitcoin price

Source: @CryptoCapo_ on X

In the alternate scenario, Crypto Capo highlighted how the first bull trap idea could be invalidated. According to the trader, if the Bitcoin price successfully closes beneath the $84,000 – $85,000 range, it could fall to the $62,000 – $69,000 bracket.

Bitcoin Price At A Glance

As of this writing, the price of Bitcoin is moving around the $83,300 level, reflecting a 3% decline in the past 24 hours. This single correction event has wiped out the premier coin’s early-week profit, with CoinGecko data showing no significant gain or loss in the last seven days.

Bitcoin price

The price of BTC slides beneath $84,000 on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image created by DALL-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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El Salvador’s Nayib Bukele Open to White House Visit

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El Salvador’s President Nayib Bukele has hinted at an upcoming visit to US President Donald Trump at the White House. The move has fueled speculation about closer cooperation between the two pro-Bitcoin leaders.

Although no official agenda has been released, if confirmed, the meeting would mark Bukele as the first Western Hemisphere leader to visit Trump at the White House during his current term.

Can Bitcoin Improve Diplomatic Relationship Between US and El Salvador?

On March 28, Bukele reacted to a report claiming that Trump plans to invite him to Washington.

Responding on social media, Bukele confirmed his willingness to visit and jokingly noted that he would bring “several cans of Diet Coke” — a nod to Trump’s well-known beverage of choice.

The two leaders have enjoyed a friendly relationship since Trump’s return to office. They reportedly spoke after the inauguration, and Trump later thanked Bukele publicly, commending his “understanding of this horrible situation” regarding US border issues.

Meanwhile, the possible visit follows El Salvador’s acceptance of deported Venezuelan gang members from the US.

These individuals were held at the country’s high-security Terrorism Confinement Center. The facility was recently visited by US Homeland Secretary Kristi Noem.

President Bukele’s administration has earned international praise — and criticism — for its tough stance on crime. His crackdown on gangs has transformed El Salvador from one of the most violent nations in the world to one of the safest in Latin America.

Meanwhile, speculation is growing within the crypto community that Bitcoin may emerge as a significant topic during the leaders’ discussions. Both Bukele and Trump have openly supported Bitcoin, though their approaches differ slightly.

Bukele’s stance on Bitcoin is notably proactive. In 2021, he spearheaded the creation of the world’s first national Bitcoin reserve, which has since grown to 6,130.18 BTC—worth over $512 million.

El Salvador's Bitcoin Holdings.
El Salvador’s Bitcoin Holdings. Source: The Bitcoin Office

Moreover, his pro-Bitcoin initiatives have attracted substantial foreign investments, including partnerships with prominent crypto companies like Tether.

President Trump also recently became more supportive of the top crypto asset, reversing previous skepticism.

Earlier this month, Trump authorized the establishment of a US National Bitcoin Reserve, with the federal government holding initial holdings of around 200,000 BTC.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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