Market News
- Elon Musk has brought forward a conspiracy about the identity of Satoshi Nakamoto.
- Musk tweeted a cryptic image without a caption.
- The name Satoshi Nakamoto came out by combining the names of four companies.
Tesla and SpaceX CEO Elon Musk has taken a conspiracy to the mysterious developer of Bitcoin (BTC), Satoshi Nakamoto. Musk took to Twitter to unveil a conspiracy theory about the biggest mystery in the cryptocurrency world.
Musk — who likes to caption his tweets with question marks — tweeted a cryptic image without any caption. The image implies that the name Satoshi Nakomoto came out by combining the names of four companies — Samsung Electronics, Toshiba Corp., Nakamichi Corp., and Motorola.
Likewise, Elon Musk uses Twitter very actively and manages to surprise everyone with his statements. In fact, any statement he has about cryptocurrencies garners reactions from investors because they turn the market upside down.
On the other hand, in an interview with Lex Fridman, Elon Musk said,
It seems that Nick Szabo is probably responsible for the evolution of these ideas more than anyone. He seems to be more than anyone responsible for the ideas behind Bitcoin.
As of this time, the true identity of the Bitcoin inventor is still a big mystery in the world of cryptocurrency. Over time, many claimed to be Nakamoto, yet no one can provide conclusive evidence. However, some theorists have insisted Satoshi Nakamoto is more than one person hiding behind the pseudonym.
At the time of writing, BTC is up by 8.07% during the past 24-hours. BTC is trading at $42,225.02 with a trading volume of $35.4 billion at press time.
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