Will Satoshi Nakamoto’s McAfee disclosure affect Bitcoin prices?
Crypto warlord John McAfee has been making waves from his yacht in the Bahamas recently. He claims to have spoken with the dissuasive or elusive Bitcoin creator Satoshi Nakamoto and has threatened to reveal his identity. Several in the industry have already commented on the negative impact that this can have on the prices of Bitcoin and crypto.
Who is Satoshi Nakamoto
Bitcoin has been on a roll recently, as April has seen the asset rise from the floor and increase 36 percent to exceed $ 5,600. Just yesterday, the BTC broke the resistance when the formation of the legendary “golden cross” occurred, which indicates more bullish gains.
Anti-virus pioneer John McAfee could launch a digital key to the works if he meets his threat to reveal the identity of Bitcoin’s father Satoshi Nakamoto “within a week”. Speaking with Bloomberg, McAfee rescinded or changed his mind on the threat for legal reasons;
“The request for extradition from the United States to the Bahamas is imminent. I met with Mario Gray, my extradition lawyer, and it is now clear that releasing Satoshi’s identity at this time could influence the trial and put my extradition at risk. I can not risk that. I’ll wait”.
He added that he has actually spoken with Nakamoto, who was not satisfied with the efforts to reveal his identity, which has remained elusive for more than a decade; “I have talked to him, and he is not happy with my attempt to bring him to the public eye”, adding that he is a technologist who has spent his entire life chasing computer hackers.
McAfee has been known for its cryptography and ICO projects for a fee on its Twitter account, which currently has more than 900,000 followers. Your revelation of Nakamoto’s identity may not be the best thing for Bitcoin at this time. Tom Lee of Fundstrat, a renowned crypto bull, reacted quickly according to the sentiment;
There have been several attempts to find Nakamoto in the past, a Newsweek article in 2014 pointed to a California physicist who denied the report. Australian computer scientist Craig Wright has repeatedly claimed that he himself is Satoshi, claims that it eventually resulted in a tweet war and his own version of Bitcoin, the Satoshi Vision, which was removed from the world’s largest crypto exchange. This recent dispute is what prompted McAfee to threaten the disclosure;
He added the following. “All my life I’ve been tracking down the best people in the world and hiding their identity, finding Satoshi was very easy for me”.
Would the price of Bitcoin react?
It is believed that Satoshi Nakamoto, along with several of the early pioneers, is one of the largest holders of Bitcoins. It has been estimated that it could have up to a million of them, which would be equivalent to almost 5 percent of the entire offer. At today’s prices they would be worth around $ 5.5 billion. Since this stash had not moved in a decade, many had presumed that it had passed away.
If these Bitcoins entered the market, they would exert a massive pressure on the prices pointed out by Bloomberg when comparing the scenario with the Mt Gox trustees who eliminated BTC in the market previously. It is very likely that Bitcoin will return to new lows if a million more of them enter the market and the cryptography market could freeze once again.
The ecosystem of the cryptocurrency is a box of surprises, the media actors add some flavor and freshness, which is a reality in terms of the identity of the main creator of blockchain-bitcoin technology, is that many would like to know it. The prices and the reaction of the community is a riddle to be solved, meanwhile life goes on. New ads are expected
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