Arthur Hayes, known as the head of BitMEX exchange which is the most utilized BTC margin trading platform, recently said that Satoshi Nakamoto is dead. Hayes talked at an event and said that the creator of Bitcoin is likely dead, adding that he does not believe if the identity behind this alias will ever be revealed.
“I think they’re already dead,” said Hayes in the latest cryptocurrency news.
Meanwhile, reports show that Satoshi is said to have 980,000 BTC which are worth $9.716 trillion based on the current value of Bitcoin at $9,913. When the Bitcoin price peaked to $14,000 earlier this year, the net work of Satoshi spiked to $13.72 billion. However, Hayes believe that Satoshi Nakamoto is dead and no one can get to this money.
For those of you who haven’t read it, the whitepaper of Bitcoin shared on many best cryptocurrency news sites read:
“Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.”
The most dominant cryptocurrency was therefore created to operate as an alternative currency system for transferring value between individuals that could render most of the existing financial services and currencies in existence over the long term. Even though it remains unclear why the Bitcoin creator decided to hide his identity, Hayes thinks that Satoshi Nakamoto is dead – and that it is almost impossible to unveil the true identity behind the alias.
The CEO of BitMEX also sees the Bitcoin price going to $100,000 in the next three years, which would place the “net worth” of Satoshi at $98 billion, making him the second richest individual behind the Amazon founder and CEO, Jeff Bezos.
The Bitcoin price could definitely reach $100,000 and the coming altcoin news could show similar movements. However, cryptocurrency must be elevated in such case. So far, the performance of BTC in 2019 shows that there are no strong signs of a safe haven asset when BTC is compared to traditional safe havens like gold.
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