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 Forecast: Does Gold Falling Below $4,000 Mean the Bull Market Is Over? Will It Still Rise in the Second Half of 2026?Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices
Author  TradingKey
9 hours ago
Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices
placeholder
WTI Crude Falls Below $70, Easing US-Iran Tensions Erode Risk Premium, Oil Prices May Drop to $60As of the European session on June 29, WTI crude oil ( USOIL) prices fluctuated and weakened near $70.00. From a market perspective, affected by renewed clashes between the US and Iran, o
Author  TradingKey
10 hours ago
As of the European session on June 29, WTI crude oil ( USOIL) prices fluctuated and weakened near $70.00. From a market perspective, affected by renewed clashes between the US and Iran, o
placeholder
Iran insists on control of Hormuz amid reports of US talksIran’s Foreign Minister Abbas Araghchi said that responsibility for the Strait of Hormuz lies solely with Tehran and warned that any attempt to bypass its preferred route in the waterway will cause “tension and escalation,” Aljazeera reported on Monday.
Author  FXStreet
18 hours ago
Iran’s Foreign Minister Abbas Araghchi said that responsibility for the Strait of Hormuz lies solely with Tehran and warned that any attempt to bypass its preferred route in the waterway will cause “tension and escalation,” Aljazeera reported on Monday.
placeholder
Gold Price Forecast: PCE Data Weakens Fed Rate Hike Expectations, Can Gold Price Hold Steady at $4,000?As of today's Asian session (June 26), gold ( XAUUSD) prices fluctuated near $4,010. Yesterday, gold rebounded following the release of the PCE data, and market sentiment improved signifi
Author  TradingKey
Jun 26, Fri
As of today's Asian session (June 26), gold ( XAUUSD) prices fluctuated near $4,010. Yesterday, gold rebounded following the release of the PCE data, and market sentiment improved signifi
placeholder
Australian Dollar edges lower to near 0.6900 on Fed hike bets The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.
Author  FXStreet
Jun 26, Fri
The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.
Related Instrument
goTop
quote