- Coinbase Director Conor Grogan has expressed speculations regarding Bitcoin creator Satoshi’s identity.
- The founder’s identity has been attempted to be uncovered over the last decade.
As the community braces itself for a period of market recovery, interesting news has caught investors’ attention. Coinbase director, Conor Grogan posted on his X account, a hypothesis to unmask Satoshi Nakamoto.
The Bitcoin founder has been MIA for the last decade, and numerous members have attempted to discover him. The Coinbase director has now joined the group by raising his speculations.
Grogan stated that he went through Satoshi’s transactions and found that the founder currently controls 1.096 million Bitcoin. These tokens worth approximately $108 billion puts Satoshi’s paper wealth higher than that of Bill Gates.
Furthermore, he also stated that Nakamoto might have used a Canadian exchange for his final transaction in 2014. These inferences he elicited by analyzing the mining pattern addresses of Bitcoin at the time. Most importantly, the Coinbase Director stated that Kraken could find the identity of Satoshi Nakamoto.
This speculation caught quite a lot of attention. In response to the Coinbase director’s assumptions, Kraken stated that “We are all Satoshi”. However, the exchange’s founder has not commented on the incident yet.
What is the History Behind Satoshi’s Identity Hunt?
The history behind Satoshi’s identity hunt goes a long way. Several prominent personalities were often being pinned to the identity. Recently, HBO released a documentary called “Money Electric: The Bitcoin Mystery” uncovering the Bitcoin creator’s identity.
According to the documentary, Peter Todd was named Satoshi Nakamoto. Meanwhile, another prominent Satoshi-related incident is Craig Wright’s claim as Satoshi. The lawsuit recently received a verdict at the London Court as per reports.
Meanwhile, the cryptocurrency is currently trading at the $98K level. It recently crashed to $93,000 before hitting the recovery lane. Similarly, altcoins such as Cardano also reflected the movement and are currently recovering.
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