According to U.Today, Galaxy Digital CEO Mike Novogratz recently shared his thoughts on the status of Bitcoin's creator, Satoshi Nakamoto, during an interview with CNBC. Novogratz expressed his belief that Nakamoto, the enigmatic figure behind Bitcoin, is no longer alive. He speculated that if Nakamoto were alive, he would likely be pleased with Bitcoin's remarkable rise, which recently saw the cryptocurrency surpass the $100,000 mark.
Novogratz highlighted Bitcoin as a prime example of a large group of individuals collaborating to achieve something extraordinary. He noted that while Bitcoin was initially conceived as a payment method, it has evolved into what many consider "digital gold." This transformation underscores Bitcoin's growing acceptance and value as a global asset.
The identity of Satoshi Nakamoto has long been a subject of speculation. One prominent candidate, Hal Finney, passed away in 2014. A recent HBO documentary suggested that Canadian Bitcoin developer Peter Todd might be Nakamoto, but Todd and the broader cryptocurrency community have dismissed this claim.
Novogratz also commented on the current state of the Bitcoin market, describing a global buying frenzy. He emphasized Bitcoin's status as one of the first global assets but cautioned about the high levels of leverage in the system. He warned that this leverage could lead to significant market corrections, which he described as "vicious retracements" that could challenge investors' resolve.
As of now, Bitcoin is trading at $97,989, having experienced a drop to $92,980 earlier in the day. Novogratz's insights reflect the ongoing volatility and dynamic nature of the cryptocurrency market, as well as the enduring mystery surrounding its creator.
