TagMcAffee

Who Is The Creator Of Bitcoin?

In May 2010, Laszlo Hanyecz bought two pizzas worth $30 with Bitcoin. What started as a fun test ended up being one of the biggest crypto-trends of 2020.

Nobody knew about Bitcoin a decade ago. Today it’s everywhere, and very few haven’t heard of it. The creators inspired in a technology they researched since the nineties: blockchain.

It’s been a long time since 2011, and we still don’t understand how Bitcoin works. We have an idea of what it does but have no idea of what its potential is. How has it become what it is today?

Bitcoin bases on Blockchain, like many altcoins. Yet, Bitcoin came first, and the others haven’t expanded nearly as much as BTC. Something makes it different from the pack.

If you research Ethereum, Litecoin, or Ripple, you’ll know everything about their origins and their founders. Bitcoin, however, has a mysterious creator.

Who Is The Creator Of Bitcoin?

If we knew about the creator and contact him, we would know much more about Bitcoin today. All we know is a name, Satoshi Nakamoto, registered on the Bitcoin.com domain.

The name stands for a person that may or may not exist. Although there are potential characters, nobody has enough evidence to be Nakamoto. The name is likely a pseudonym of the real person. Perhaps a group of talented coders.

It seems the creator of Bitcoin has no interest in revealing his identity. Who is Satoshi Nakamoto?

That doesn’t mean others haven’t tried. If you read Craig Wright‘s case, there’s evidence of people you might have involved in the project.

What Would The Creator Look Like?

What researchers found wasn’t enough to prove the identity. Hopefully, they will find information if they asked the closest people to that circle.

We know Laszlo Hanyecz as one of the first people who used Bitcoin. Researching further, they got to a bunch of potential profiles, being Craig among them.

Imagine someone claimed to be the creator. Even if they can prove it, it’s hard for investigators to verify it. First, it should match the description we currently have:

Skillset

Whether it’s a tech team or a single genius, it takes innovation to create Bitcoin. You won’t invent it in your garage. At least, the creator would be an expert in computer science and peer-to-peer online networks.

Identity

We don’t deny that a single person could have created Bitcoin. It’s simply not probably. If the founder created this crypto-system to make money, you’d have heard about it.

Wouldn’t the creator be the first person to profit from Bitcoin? Some Bitcoin millionaires are Barry Silvert, Michael Novogratz, and Dan Morehead.

John McAffee is another Bitcoin enthusiast who owns a good chunk. He claims to know one thing or two about the creator, but there’s no evidence because he never spoke.

Due to the many people involved, Satoshi could likely be the Bitcoin founder, not who created the whole system. Many tech geniuses may have come after him to complete the project. Probably the ones who promoted Bitcoin in its early stage.

The Bottom Line

The Bitcoin creator will continue to be anonymous. The identity may not matter after all. Because what would you get representing a decentralized, anonymous trading system. It wouldn’t make sense.

He may still surprise us and reveal himself someday in the future. If he’s still involved, the project may still be running. What we’ve seen until today may only be the beginning of something bigger.

How Much Is Bitcoin?

February 8th in the morning. Bitcoin is $9,800. Since the middle of December 2019, Bitcoin has gone from $7,000 to this point.

After it recovered in July, the crypto coin has increased its value with minor drops. It all started in 2019.

However, BTC stayed inactive for a long time in 2018. What’s causing this surge?

How Much Is Bitcoin In February?

What we’ve seen is consistent growth since the beginning of 2020. Two factors explain this positive trend.

Reliability

Bitcoin is popular for being the less volatile crypto-currency. As transactions become more secure, more and more people will accept it for trading. It will bring more buyers, and the existing ones will rely more on Bitcoin.

Productivity

Mining technologies are also improving. By the second half of 2020, most companies will start using a new method to make mining twice more efficient. It will make the coin more valuable and accessible.

Bitcoin In February: What To Expect?

We use to predict the market based on what we’ve seen recently. If the trend continues, people may mistakenly believe that it will stay like that forever.

In February, a surge has a higher chance than a crash. As long as there are more buyers than sellers, prices go up.

This market demand defines in three forms.

  • . How many people interact in the crypto markets?
  • . How often does an investor make a movement?
  • . How much Bitcoin do they buy or sell?

Quantity will always increase. Frequency depends on the investor impulsiveness. For example, most crypto news is designed to increase activity, so others either buy or sell.

Volume depends on the investor approach. A long-term thinker will probably invest heavily, ignoring the short-term events. Higher volume saves more costs.

Again, volume depends on confidence. You won’t likely see a daytrader throw millions. If you trade frequently, you have more costs and risks, which forces you to reduce the volume.

Bitcoin Based On Market Psychology

For many months, BTC has stayed under $7,000. It started surging two-three months ago. Most investors will have had enough time to participate.

But what could go wrong? Could the prices plummet? Only if buyers decide to sell, all at the same time.

Early investors will want to sell their Bitcoins once the price is high enough, causing it to go down. Inexperienced investors will sell to “protect themselves,” thinking it won’t recover. This behavior also makes the price decrease.

The question is, when will they sell? It depends on how people estimate the market ceiling. Bitcoin history shows it as $10,000. Recent researchers expect it to change to $100K.

All in all, people are optimistic about the future. Experts expect it to reach $15K in the first half and cross $20K before 2021. Some like McAffee think it’s an exponential curve, which is why it could even reach $1 million.

The daily prices may change a lot. Despite the ups and downs, Bitcoin goes up due to reasons beyond speculation. Technology improves. More people join the market every day.

The best way to profit in February is to be prepared. You can always sell, but buying Bitcoin may be too late. In 2020, investors will lose money because of not being in the game, not because of bad timing.

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