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Satoshi Nakamoto still has an undisclosed identity. In many respects, Elon Musk matches the profile this mysterious man represents. Maybe he's waiting for the right time. Or it's someone else, but it's almost certain it won't be a Japanese. Is it an individual, or does a whole development team hide under the name?

Satoshi Nakamoto: It might be Elon Musk, the man who created bitcoin

Renata Petříčková
18.Feb 2025
+ Add on Seznam.cz
3 minutes
Elon Musk is a popular candidate for the identity of the Bitcoin creator

Recently, there has been a surge of speculation that the world's richest man, Elon Musk, is actually the founder of Bitcoin. Definitely, he is a man who can drive the price of Bitcoin up and down just by tweeting. But there are more intriguing indicators leading to this assumption.

Bitcoin

Satoshi Nakamoto. A name without a face. The pseudonym of the person who penned Bitcoin. Nakamoto also invented the first blockchain database and is essentially responsible for the creation of this currency. His identity, however, remains unknown to this day.

There are many reasons why it is highly probable that it will never be revealed.

One of them is that if he began to trade with his bitcoins, the bitcoin market would fluctuate significantly. Or is he waiting for that?

Of course, his identity would be traced the moment he tried to withdraw his bitcoins or make any other transaction with them.

He completed the development, left, and keeps his share of bitcoins

This man was active in Bitcoin development until December 2010, conducting all code modifications himself until then.

It is estimated that Nakamoto himself owns 750,000 to 1,100,000 bitcoins.

At this moment it would be more than 105 billion dollars.

Prodej bytové jednotky 2x 1+kk, Praha
Prodej bytové jednotky 2x 1+kk, Praha, Praha 2

This volume in the bitcoin market currently makes up 5% of the total bitcoin supply.

That's a decent amount of money, wouldn't it be worth stirring up? Among the crazy conspiracies, of course, we find the one that the person lost access details.

He claims he is a man born on April 5, 1975

We know little about this man, yet enough for speculations to flourish at regular intervals. What do we know? The tracks lead to Europe or the USA. Although it's a Japanese name, there are general doubts that it would be a Japanese. He excels in perfect British English. Nakamoto has flawless, idiomatic native speaker language in his communications. His email address, from which he communicated, was from a free German service. Bitcoin software was never released in Japanese, which would suggest if he really came from the eastern island.

Since then, several individuals have claimed to be Satoshi Nakamoto. The latest, scientist Craig Steven Wright, tried very hard to prove his identity even to journalists, but did not provide credible evidence. Another contender was Peter Todd, a 39-year-old Canadian Bitcoin developer, who also became famous in the Bitcoin community. He also rejected everything in an email for Times. It was also speculated about him, for example, in the movie Money Electric: The Bitcoin Mystery.

It is clear that the real Satoshi must be from Europe or the USA. We also know his last act, as Forbes writes. 

On Tuesday, April 26, 2011, the creator of Bitcoin sent his developer colleagues his last email, in which he clearly indicated that he was "moving on to other projects". And he also passed on the cryptographic key he used to distribute important messages to the entire network.

Musk's Clues: Is It Elon Musk?

He's the one conspiracy theorists and bitcoin enthusiasts like to point at. Let's say, such an operation would fit him completely:

The first bitcoin transaction

The very first bitcoin transaction took place in 2009. The IP address points to locations associated with San Francisco, the place where Elon Musk lived at that time.

PayPal and payment decentralization

The same ideology and idea. Elon Musk aimed to reduce the influence of banks with the development of PayPal and wanted to create an alternative world of finance... Just a cyberpunk idea. All Elon Musk! He wanted an independent currency. Bitcoin basically wants the same thing. Conspirators say that PayPal was only the first attempt, Bitcoin was such a pure project, the true implementation of his vision.

Satoshi's Wallet and 1 Million BTC

Why didn't anyone choose the first fully loaded wallet? The answer could be that the person in question has enough money, so doesn't need additional finances. The richest man in the world is an ideal candidate and doesn't need 105 billion dollars at the moment.

Elon Musk aligns with bitcoin development

He is also in the spotlight because he can work with programming systems (C++ and others), which were used to create bitcoin. Technically, he is one of the people who could create something so revolutionary. Plus, he's a visionary... we're back to his first project, PayPal.

Did Eln reportedly have time?

In 2007, he only spent two to three days a month working for Tesla, dedicating the rest of his time to SpaceX. During this very active period, he might have had plenty of time to work on Bitcoin as well.

Does he put two spaces after a period in a sentence?

In notable correspondence, highlighted, for example, in this video, it can be seen that both Satoshi and Elon Musk often put two spaces after a period in a sentence. The writing style is also very similar.

Elon Musk dismissed these speculations on his then Twitter

Elon Musk knows very well that he has been long associated with these speculations. He dismissed them. However, he confirmed the existence of some bitcoins. A friend sent them to him, but today he does not know on which account, or where they are at all. Perhaps it is not just this secret account that no one has withdrawn anything from yet?

But... is there still a possibility that the creator of bitcoin is Elon's good friend?

Source: wired.com/, svethardware.cz

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