Mysterious billionaire inventor of Bitcoin expected to reveal his true identity 

Bitcoin-inventor-identity

Tech world braces for big news as rumours about the identity of digital currency’s shadowy creator reach fever pitch

The secretive billionaire inventor of Bitcoin is preparing to finally reveal his identity, tech industry sources have claimed.

A mysterious figure who used the false name Satoshi Nakamoto to launch a digital currency, which fuels a shadow economy worth billions of dollars, is understood to be planning to reveal his true identity in the coming days.

It has been alleged that this man is Craig Wright, an Australian academic.

Bitcoin is known as a “cryptocurrency” which allows users to carry out transactions without needing to use a central bank.

It has allowed drug dealers and other criminals to sell their wares online while withholding their own identities.

A source with close ties to the cryptograpy community and telecoms industry told The Mirror that the story had already been sent to select media under an embargo.

These claims cannot be verified, and Wright’s full involvement in Bitcoin has not yet been fully established.

The high-flying academic has remained tight-lipped since he was first linked to Bitcoin at the end of last year, and we have been unable to contact him for comment.

Our source claimed: “The man behind Bitcoin has given the story to a television company and a newspaper.

“The creator of this currency wants to take control of his invention.”

Rumours about the identity of Satoshi Nakamoto have been swirling for years.

Earlier this year, Australian cops raided Wright’s home after Gizmodo and Wiredpublished separate articles which claimed he was the boffin behind Bitcoin.

Officers were quick to deny there was a link between their investigation and claims the academic had created the virtual currency.

It has previously been suggested that Nakamoto is actually a group of three people, rather than just one, but two of the group have now died.

One of these men was purportedly a celebrated British mathematician who learned his trade as part of the World War II code-breaking team at Bletchley Park.

The other is an American tech security expert who died at a relatively young age just months before the British maths genius passed away himself.

However, these claims have proved highly controversial and remain unsubstantiated, so we have decided not to publish the two men’s names.

Whoever turns out to be Satoshi Nakamoto faces a huge dilemma.

He is known to be in possession of a staggering amount of Bitcoins – said to be worth more than $1billion.

However, turning this into real money could prove difficult.

If Nakamoto is seen to sell even a small amount of his digital dosh, it could spook investors into selling their own stocks, sending the price tumbling.

This would mean that the actual value of his Bitcoin hoard could slump to an almost worthless value, depending on the severity of the market crash.

But Satoshi Nakamoto could also wield massive power if he is able to direct the course of the currency.

Industry figures have long predicted that the virtual currency could replace real cash, although the volatility of its price makes it a shaky investment.

At the end of March, prominent figures in the world of Bitcoin discussed the “big reveal” with the Financial Times and said it would take place at some point during April.

“I have been contacted by a private group and I am under a strict NDA [non-disclosure agreement] and press embargo during due diligence phase,” Jon Matonis, a founding director of the Bitcoin Foundation, told the newspaper’s Alphaville section.

Source: Mirror

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