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After days of anticipation, HBO will release its highly anticipated documentary that explores who he really is. Satoshi Nakamotothe mysterious creator of Bitcoin (BTC).
While many are eager to expose the creator of this fake name, one expert warns that the documentary could lead to significant price manipulation in the Bitcoin market before its release.
The latest posted on X (formerly Twitter), market analyst OxNobler warned that while the focus may be on Nakamoto’s ownership, the real problem lies in the alleged “market manipulation” orchestrated by HBO’s parent company, Warner Bros.
HBO Prepares To Reveal Satoshi Nakamoto’s Identity
Satoshi Nakamoto’s identity has long puzzled the cryptocurrency community, with various theories emerging over the past decade.
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As of recently report per Bitcoinist, one prominent candidate is Len Sassaman, a developer known for his work on remailer technology, a precursor to Bitcoin.
Proponents of this theory point to several important facts, such as technical contributions, cooperation with Hal Finney, the first recipient of a BTC transaction, and Sassaman’s memorial written in code blockchain.
While many previously believed that Hal Finney was the man behind Nakamoto’s fake name, new evidence has come to light, prompting further re-examination of the mystery. However, OxNobler warns that the current media push to reveal Nakamoto’s identity may have another purpose.
Bitcoin Scam Linked to HBO Documentary?
The expert highlights the release date of the documentary, which coincides with important financial events, including the US Federal Reserve’s latest interest rate cut on September 18, the upcoming US election and confirmed A $16 billion payout by FTX to creditors affected by its collapse in 2022.
These factors, combined with potential changes in China’s cryptocurrency laws, suggest that the disclosure of Nakamoto’s identity could have far-reaching implications beyond mere price volatility, according to OxNobler.
The expert emphasizes the involvement of large institutional investors such as asset managers BlackRock, Vanguard and Fidelity, major players in Bitcoin. exchange fund (ETF) space and Warner Bros.
According to OxNobler’s analysis, these organizations have a significant impact on the market, often starting a bull run or selling with great excitement, with the upcoming documentary event perhaps having similar effects on the price of Bitcoin.
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Ultimately, OxNobler speculates that HBO may use one of two methods to promote the documentary. In an “average scenario,” the film can present several candidates as the possible identity of Satoshi Nakamoto without naming a single name.
Alternatively, “just in case,” the expert suggests that the HBO documentary could clearly name the person using Nakamoto’s alias and reveal that they are long dead.
The expert believes that this revelation will mean that no one will be able to access Nakamoto’s holdings, which may remove more than 5% of the total Bitcoin. provide from circulation and having a bullish effect on prices.
At the time of writing, BTC managed to rally to $62,350 after the volatility at the end of last week saw the largest cryptocurrency on the market retreat to $59,500.
Featured image from DALL-E, chart from TradingView.com
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