CandleFocus How Bitcoin Price Would Be Affected If Satoshi Nakamoto’s Identity Is Revealed?
2024-10-08
Author: Content Editor
The disclosure of the identity of Bitcoin's founder, Satoshi Nakamoto, could have negative consequences for the cryptocurrency market, according to Ki Young Ju, founder of CryptoQuant. Ki highlighted that if Satoshi is alive, concerns about concentration of wealth could arise, while if Satoshi is dead, conspiracy theories about who inherited 9% of the total BTC supply may emerge. Ki called for respect for Satoshi's privacy, stating that all of Satoshi's wallets are known and none of the Bitcoins in these wallets have ever been sold. Ki also dismissed theories that Bitcoin could have been seized by the CIA or owned by a specific person, emphasizing the importance of privacy in blockchain technology.
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