Since the HBO documentary about crypto was released, Peter Todd's name has been in the news because he is accused of being the figure behind Satoshi Nakamoto. Is that true? Check out the explanation below.
The mysteriousness of Bitcoin's creator seems to have caught the world's attention. In fact, HBO has made a documentary entitled "Money Electric: The Bitcoin Mystery". In the film, HBO claims that they discovered Peter Todd as the creator of Bitcoin.
Is the prediction true? Why is Peter Todd claimed to be Satoshi Nakamoto? Read the full explanation in this article.
Who is Peter Todd?
Peter Todd is a name that is currently booming after being said to be the figure behind Satoshi Nakamoto, the creator of Bitcoin who until now has never shown his figure to the public. Cullen Hoback, the director of "Money Electric: The Bitcoin Mystery" stated that he had strong evidence for the inclusion of Peter Todd's name.
The accusations from the HBO film were immediately denied by Peter Todd. He even stated that this accusation was like a joke from a famous director because Satoshi Nakamoto couldn't be him.
Many crypto observers also disagree with this because if you trace it logically, Peter Todd was still in his teens at that time and had still finished school.
Peter Todd even clearly stated that Cullen Hoback could have covered up the facts so that his name would be dragged into this matter.
Betting on Polymarket
Before the HBO documentary was released, a betting project had been circulating on Polymarket. There are many candidates mentioned there as targets regarding the revelation behind the figure of Satoshi Nakamoto who could be mentioned in HBO's latest film.
However, there was no Peter Todd's name in the betting selection. So, when people want to say the name, Peter Todd, they have to choose "Other".
Before the film was released, the bet amount had reached $44 million.
Bitcoin and Its Mysterious Creator
Since its initial appearance in 2009, Bitcoin has taken the financial world by storm, especially digital investment. And since then, Satoshi Nakamoto has never been revealed to the public.
There are allegations that Satoshi Nakamoto is Japanese, as his name suggests, who has lived in England for a long time. The alleged place of residence is because someone has analyzed that some of the words written on White Paper Bitcoin are words commonly used by British people, not Americans.
Another suspicion is that Satoshi Nakamoto is not an individual, but a group. This is because the Bitcoin operating system is so complex and it seems impossible for just one person to do it.
Several figures have been named as candidates behind Satoshi Nakamoto, such as Dorian Nakamoto, Craig Wright, and Elon Musk.
The name Dorian Nakamoto is said to be a figure from Japan who lived for a long time in California. However, he was immediately denied because at that time Dorian Nakamoto was in a mediocre condition because he had been unemployed for a long time.
Craig Wright is the figure who confirms the accusations. He provided evidence that he was indeed Satoshi Nakamoto, including evidence that he wrote the Bitcoin White Paper. However, many crypto communities denied this and even the High Court had to take over and provide strong evidence that he was not Satoshi Nakamoto.
Elon Musk is said to be the figure behind the creator of Bitcoin because he was recommended by one of his employees at SpaceX. However, Elon Musk immediately denied this and stated that he was not Satoshi.
Conclusion: Current State of Bitcoin
Who is the original creator of Bitcoin is deliberately not revealed. The goal is simple, namely as a way to keep Bitcoin's value-neutral without having to look at who the creator or parent owner is.
In the approximately 15 years since it was created, the value of Bitcoin has continued to soar. When this article was written on October 10, Bitcoin was priced $61,055 which means it has experienced a decline of -1.77% in 24 hours. This decline could have arisen from speculation about Satoshi Nakamoto's figure by HBO.
Even though Bitcoin has experienced a decline in price today, the RSI value is actually above 50 so the buying trend is still dominant over the selling trend. The MACD line is also still above the limit line. That way, there is a possibility that Bitcoin will experience a bullish phenomenon shortly.
Convert value from BTC to USD is indeed strong. It's no wonder that this coin is increasingly popular with investors and many are HODLing it.
For those of you who are interested buy BTC coins, do in-depth research first before buying it. You can do research on Bitrue with features that can be used for free, starting from checking BTC real-time price to the latest news about Bitcoin.
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