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
Silver Price Forecast: XAG/USD extends bull run to near $72.70 as Fed dovish bets remain steadySilver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
Author  FXStreet
Yesterday 06: 19
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
placeholder
Will ETH, BNB, XRP, SOL and DOGE Outperform in a 2026 Altseason?The cryptocurrency market showed selective altcoin outperformance in 2025, with Bitcoin maintaining a high dominance, suggesting continued investor preference for BTC.
Author  Mitrade
Dec 24, Wed
The cryptocurrency market showed selective altcoin outperformance in 2025, with Bitcoin maintaining a high dominance, suggesting continued investor preference for BTC.
placeholder
Bitcoin Poised For ‘Boring’ 2025 Close – Here’s When BTC’s Real Test Will ComeAfter failing to turn the $90,000 area, Bitcoin (BTC) continues to move within its local range with apparent no clear direction. Some market observers have suggested that the flagship crypto will
Author  NewsBTC
Yesterday 02: 38
After failing to turn the $90,000 area, Bitcoin (BTC) continues to move within its local range with apparent no clear direction. Some market observers have suggested that the flagship crypto will
placeholder
Bitcoin Poised for Gains as Record $24B Options Expiry Removes Price CapBitcoin is predicted to potentially hit $100,000 following a significant options expiry valued at $23.7 billion.
Author  Mitrade
Yesterday 06: 18
Bitcoin is predicted to potentially hit $100,000 following a significant options expiry valued at $23.7 billion.
placeholder
Markets in 2026: Will gold, Bitcoin, and the U.S. dollar make history again? — These are how leading institutions thinkAfter a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Author  Insights
Yesterday 06: 43
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
goTop
quote