At present is Oct. 8, which implies that the long-awaited documentary “Cash Electrical: The Bitcoin Thriller” from HBO ought to quickly be hitting viewers’ screens. Even supposing few individuals knew something about this movie per week in the past, the formidable statements of the movie’s creators that the identification of Bitcoin creator Satoshi Nakamoto would lastly be revealed have significantly fueled expectations.
Over the previous few days, the eye and psychological efforts of most crypto market individuals have been targeted on figuring out who will likely be nominated for the position of Satoshi within the film, whereas creating meme cash and betting on the end result on the Polymarket.
Nevertheless, regardless of all of the hypothesis and dialogue, which is essentially absurd and frivolous in nature, revealing who created Bitcoin may very well have a better impression available on the market.
“Patoshi wallets” are Bitcoin wallets linked to early mining by Satoshi Nakamoto, based mostly on a singular mining sample.
This sample suggests Satoshi mined round 1 million BTC, none of which have been spent. The distinct sample factors to Satoshi’s use of optimized {hardware}.
Dwell…
— Ki Younger Ju (@ki_young_ju) October 8, 2024
In spite of everything, in line with an previous story circulating amongst crypto market individuals, Satoshi Nakamoto’s wallets might maintain multiple million BTC, which is 4.76% of the full attainable provide of the primary cryptocurrency and is presently valued at greater than $62.3 billion.
$62 billion burn
If HBO has confirmed who Satoshi Nakamoto is, and that particular person is not alive, and there are such people among the many high contenders, it might actually imply burning a minimum of a million BTC on stay TV. These cash merely is not going to be out there to anybody.
Little doubt it will have a powerful impact on Bitcoin itself and your complete crypto market. In some ways, nonetheless, expectations for fixing the thriller of Satoshi Nakamoto at the moment are somewhat low.
