Bitcoin’s price surged through $62,000 on October 4. Excitement over the upcoming HBO documentary Money Electric: The Bitcoin Mystery drove the rise. Set to air on October 8, the film promises to expose the identity of Satoshi Nakamoto, a mystery that has intrigued the crypto world for years.
Fink has been vocal about the transformative utility of Ethereum’s blockchain, advocating for its value as a diversified investment tool.
Documentary hype sent Bitcoin’s price up 4.18% to 62,250 dollars. In anticipation of the film, crypto predictions platform Polymarket has taken 500,000 dollars worth of bets on who Nakamoto is.
Two times Emmy-nominated filmmaker Cullen Hoback will be in charge of this project. The film will possible unmask Nakamoto – the mysterious founder, supposedly in possession of around 1.1 million Bitcoin. That is approximately $66 billion.
Favorable economic news, such as the data from the US Bureau of Labor Statistics, helped Bitcoin snap a four-day losing streak. In any case, this speculation should tend to keep the price moving as we progress toward the premiere date.
Adding to the mystery, recent reports reveal the activation of long-dormant Bitcoin wallets, sparking speculation about Satoshi’s possible return. This year alone, the transfer of 250 Bitcoin worth $15 million rejuvenated theories that the creator was once again involved. There is, however, no direct evidence linking these movements to Nakamoto himself.
Len Sassaman Leads Satoshi Speculation
Len Sassaman, a cryptographer, has emerged as the front-runner to be Nakamoto amid mounting rumors. According to Polymarket data, Sassaman has a 49% chance of being identified as the person who created Bitcoin. Another candidate, Hal Finney, holds a 14% chance.
Sassaman, known for his work on privacy technologies like PGP and Mixmaster, passed away in 2011. This was shortly after Nakamoto’s last known communication. This timing has fueled theories linking him to Bitcoin’s creation.
Hal Finney, who received the first-ever Bitcoin transaction, remains a strong contender, while controversial figure Craig Wright trails with only a 2% chance. Even Elon Musk’s name has been floated, but his odds remain below 1%.
As the October 8 documentary approaches, the crypto community remains on edge. If the film delivers on its promise to reveal Nakamoto’s identity, the impact on Bitcoin and the broader financial world could be monumental.
