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15.04.202101:57 Forex Analysis & Reviews: Finding out who's the creator of Bitcoin can lead to deflation and chaos

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Exchange Rates 15.04.2021 analysis

Nakamoto has the ability to negatively influence the crypto market and destabilize it, in case he wants to get rid of years of anonymity or sell his bitcoins, which are estimated to be more than $ 25 billion.

Bitcoin's total capitalization is more than $ 1 trillion and Satoshi Nakamoto was a pioneer in digital asset mining. It should be recalled that chaos and deflationary trends can affect the price of the main cryptocurrency. If more than a million BTC were sold at one point, the value of the asset would immediately collapse. The freedom-loving cryptocurrency does not depend on any financial institutions, nor from influencers.

But if Nakamoto revealed his true face, then there would clearly be many questions for him. Since Bitcoin is not traceable, this has led to the use of illegal products and transactions on the Internet. If he desires to get rid of anonymity, he would put the currency in one unit, which could be an annoyance for investors who bought the currency for decentralization.

The public disclosure of this person X goes against the fundamentals of Bitcoin, which was written in black and white in an official document. Its decentralized nature will be in great danger if Mr. Nakamoto decides to withdraw from the game and reveal all the cards. It is not known whether Nakamoto will decide to get rid of his fortune or reveal his true identity. Most likely, he will remain the X-man.

Vitaly Kolesnikov
Analytical expert of InstaForex
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