At this point, we know almost everything about Bitcoin. The fact that it’s a cryptocurrency, it relies on the blockchain, and it can reshape the financial world in the coming years, is all common knowledge to us. However, one major question mark has been the creator of Bitcoin, who we still don’t know. We know that Vitalik Buterin was the founder of Ethereum, and we can confirm him to be a real person. All that was given to us regarding Bitcoin is the name Satoshi Nakamoto, and that’s it. It could easily be a fake name, the gender is unknown, and his or her whereabouts are unknown, making it a very concealed identity.
One normal Florida trial could possibly give us some new answers, though. The family of David Kleiman is suing his business partner, Craig Wright, over control of their assets through a partnership. In this case, those assets are 1 million bitcoins, or 64 billion dollars, and there’s some backstory to this. The family claims that Kleiman and Wright were Nakamoto, which means they should be able to split the fortune. This becomes weird as Wright has been pushing the idea that he was the founder of Bitcoin since 2016, which is a claim that the crypto community has dismissed. The lawyers representing Kleiman’s family plan to prove that Kleiman and Wright were working together regarding Bitcoin since its inception, and that Wright approached him about it. If this is all true, that means that Wright wasn’t lying, but to Bitcoin owners only one thing will prove it to them: the key to Nakamoto’s account that holds the 1 million Bitcoins. If someone was able to make a transaction with the account, they would be Satoshi Nakamoto. It’s highly possible that this trial could either end in a landmark way or completely disappoint us. What do you think will be the result of this trial?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.