HBO set to unveil Satoshi Nakamoto's real identity amid the US government's plan to sell $4 billion Bitcoin

Source Fxstreet
  • HBO Documentary announced that it will reveal the identity of Bitcoin's founder, Satoshi Nakamoto. 
  • The controversy around his mysterious identity has led to huge wagers on Polymarket.
  • US receives court permission to sell 69,370 Bitcoin worth $4.33 billion.

HBO is set to release a documentary on Satoshi Nakamoto on Tuesday night, along with his true identity. According to Polymarket data, speculations suggest that Adam Back, CEO of Blockstream, is the favorite to be identified as Satoshi Nakamoto. Meanwhile, the Supreme Court permitted the US government to sell 69,370 BTC valued at $4.33 billion from the Silk Road case.

Satoshi Nakamoto's identity set to be revealed, US government plans to move 69,370 Bitcoin

In its latest documentary, HBO claims to have uncovered one of the biggest mysteries in crypto history: the identity of Bitcoin's founder, Satoshi Nakamoto. 

Satoshi Nakamoto is the name chosen by the pseudonymous character or group of persons who developed Bitcoin.

The crypto community has shown high anticipation toward the documentary release at 9 PM ET, with speculations flying about who HBO will identify as Satoshi. These expectations have led to a hike in Polymarket speculations among bettors, with Adam Back leading the odds. 

Back became the favorite to be revealed as Satoshi after the deceased Len Sassaman's widow said her late husband wasn't Bitcoin's creator.

However, new speculations point to Peter Todd as the real figure behind Bitcoin in the HBO documentary. The new suggestion follows an alleged leaked video of the documentary, which identifies Todd as Satoshi.

Several crypto community members suggest that uncovering Satoshi Nakamoto's identity will shake the crypto industry and the entire financial markets.

CryptoQuant CEO, Ki Young Ju, suggests that revealing the pseudonymous character could be bearish for Bitcoin. He further stated that the HBO documentary is an "insult to Satoshi."

Meanwhile, the US government has received a go-ahead from the Supreme Court to sell 69,370 Bitcoin worth $4.33 billion. A few months ago, the funds were seized from a wallet connected to the Silk Road case.

The government has been engrossed in a legal battle over the funds with Battle Born Investments, which claimed rights to the seized Bitcoin. 

Bitcoin is down 1.7% following the announcement, trading just above $62K. This is likely due to investors expressing fear, uncertainty, and doubt (FUD) following the Supreme Court's government clearance.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Nov 11, Wed
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't breakNvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
Author  Irene Q.
Nov 12, Thu
Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
placeholder
US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
Author  TradingKey
Nov 12, Thu
On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
placeholder
Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you thinkSpot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
Author  Irene Q.
23 hours ago
Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
placeholder
Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same weekBrent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
Author  Irene Q.
22 hours ago
Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
Related Instrument
goTop
quote