Cryptocurrencies

Will Bitcoin Instantly Crash After HBO’s Satoshi Reveal?

Billy Markus, co-creator of a popular cryptocurrency parody alongside Jackson Palmer in 2013, has shared his thoughts on the potential impact of the newly released documentary “Money Electric: The Bitcoin Mystery” by HBO.

While Markus did not disclose his own thoughts on the identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin, he expressed concern that the documentary could have a significantly negative effect on Bitcoin’s price rather than a positive one.

### “Will Bitcoin Instantly Crash from the Reveal?”

Known on social media as Shibetoshi Nakamoto, Markus often shares insights on a range of topics, including taxes, politics, and cryptocurrency, while also posting memes. He maintains a substantial following, with 2.1 million users on the platform. Earlier today, he tweeted about the documentary, which claims to reveal Satoshi’s true identity. Among the candidates featured in the film are cypherpunk and Blockstream CEO Adam Back, who is mentioned in the Bitcoin white paper, Len Sassaman, and former Bitcoin developer Peter Todd.

Markus asked his followers who they believe Satoshi might be and raised the intriguing question of whether Bitcoin would “instantly crash from the reveal.”

### HBO Reveals “Satoshi,” but the Candidate Denies It

The documentary suggests that Peter Todd is Satoshi, according to reports. However, Todd has refuted this claim, stating that the film’s director is “grasping for straws,” and turning coincidences into unfounded conclusions. He also noted that the filmmakers did not reach out to him prior to the documentary’s release. Nevertheless, the director stands by the film’s claims, asserting that Todd had ample opportunity to clarify his position during filming.

In terms of market response, Bitcoin’s price has remained relatively stable over the past 24 hours, with only a minor decline of 1.17%. This change cannot be directly linked to the film’s release or the claim that Todd is Satoshi.

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