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Ki Young Ju, CEO of CryptoQuant, stated that revealing Satoshi Nakamoto’s identity could have negative implications for the Bitcoin 
$107,396 ecosystem. His remarks are linked to an upcoming HBO documentary expected to disclose Satoshi’s identity.
Impact of Identity Revelation on Bitcoin
Ju expressed concerns that disclosing Satoshi’s identity could exert pressure on Bitcoin’s price. He mentioned that if Satoshi is still alive, worries might arise regarding the sale of his 1.1 million Bitcoins, which represents approximately 9% of the total supply. Furthermore, he highlighted the potential questions about how Satoshi’s assets would be distributed among heirs in the event of his death.
Ju emphasized that Satoshi’s anonymity allows the focus to remain on Bitcoin’s true purpose. He pointed out Satoshi’s unique extra nonce pattern used in Bitcoin mining and noted that Satoshi’s wallets are public, with no history of Bitcoin sales.
Opinions on the HBO Documentary
The CryptoQuant CEO described HBO’s plans to reveal Satoshi’s identity as an “insult.” He argued that the documentary could undermine Satoshi’s privacy and negatively impact supporters within the Bitcoin community.
“Respecting Satoshi’s privacy is the best action for market participants who want to support Bitcoin.”
Ju added that market participants should only consider withdrawing from the Bitcoin market if Satoshi were to transfer a significant amount of Bitcoin. He stated that such a move would be transparently executed on blockchain.
Recently, Polymarket data indicates probabilities that the documentary might identify Nick Szabo at 20.3%, Adam Back at 9.4%, and Len Sassaman at 9%. However, the late Sassaman’s wife, Meredith Patterson, refuted claims that he was the creator of Bitcoin.
Patterson stated that HBO had not contacted her regarding any documents and emphasized that her husband, Len Sassaman, was not the creator of Bitcoin.
Among the Bitcoin community, the consensus is that keeping Satoshi’s identity secret is crucial for the stability and authenticity of the cryptocurrency. Maintaining the anonymity of Bitcoin’s founder could help preserve the ecosystem’s integrity and adherence to Bitcoin’s fundamental principles.
