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 ends three-week slide at the $4,400 line — eight straight days of ETF inflows vs a 5% 10-year and a 100 dollarSpot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.
Author  Suzie
Sep 20, Sun
Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.
placeholder
WTI (USOIL) Is down 2.13% on Sep 22: What Is Driving the Move?WTI (USOIL) is down 2.13% at Sep 22 05:55(ET), now at $89.999, with a 7-day down of 12.84%.What is driving WTI (USOIL)’s stock price down today?The retreat in US crude oil benchmark prices was primari
Author  TradingKey
Sep 22, Tue
WTI (USOIL) is down 2.13% at Sep 22 05:55(ET), now at $89.999, with a 7-day down of 12.84%.What is driving WTI (USOIL)’s stock price down today?The retreat in US crude oil benchmark prices was primari
placeholder
October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changedRate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
Author  Irene Q.
Yesterday 06: 22
Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
placeholder
Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anywayMicron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.
Author  Irene Q.
Yesterday 06: 51
Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.
placeholder
Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining tractionGold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
Author  FXStreet
21 hours ago
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
Related Instrument
goTop
quote