Bitcoin Founder Mystery Deepens and Adoption Increases 

Key points:

• The founder of Bitcoin remains a mystery, with recent claims by Dr. Wright being brought to court and dismissed. 
• At the same time, Bitcoin’s adoption has increased all around the globe.

Bitcoin, the first cryptocurrency, was launched in 2009 by a mysterious person or group only known as Satoshi Nakamoto. To this date, the identity of the founder or founders is still unknown even though some have claimed to be the founder Nakamoto. As Bitcoin’s founder mystery remains unsolved, Bitcoin’s popularity and adoption are increasing by the day. 

According to Techopedia, there are now over 67 million Bitcoin addresses that contain a minimum of $1 or more and there are over 219 million global Bitcoin owners. As Bitcoin becomes increasingly popular with consumers and investors, its adoption by business sectors is also growing. The growing acceptance of Bitcoin, along with other digital currencies, has led to consumers being able to not only invest in the coin but also use it for day-to-day purchases.

Consumers can now book travel, including airfare and hotels, using Bitcoin. Additionally, bettors can buy in, wager, and withdraw winnings at crypto casinos using Bitcoin. Alexander Reed confirms that Bitcoin casinos have become increasingly popular in recent years among punters. Beyond travel and wagering, Bitcoin also allows consumers to shop online, even for luxury goods like a new purse from Gucci or a new outfit from Balenciaga. 

With Bitcoin truly making its way into mainstream society and becoming a common payment method, more coin owners have become curious about who founded Bitcoin in the first place. 

In recent news, an Australian computer scientist, Dr. Wright, who has claimed for years to be the founder of Bitcoin, was taken to court by a non-profit called Crypto Open Patent Alliance. One of the members of the nonprofit is well-known Twitter founder, Jack Dorsey. The trial took place in London on March 14 and examined Wright’s claims of being Nakamoto and creating Bitcoin’s White Paper.

The trial ended with the judge confirming that Dr. Wright was not Satoshi Nakamoto, and leaving the founder of Bitcoin’s identity once again a complete mystery. It appeared as though Wright had been claiming Nakamoto’s identity for some time in an attempt to sue Bitcoin developers for using the technology.

Before Dr. Wright, two other possible founders were suspected of being the true creator of Bitcoin, but neither was ever confirmed. First, Nick Szabo. Author Dominic Frisby wrote about Szabo being Bitcoin’s founder in his book, Bitcoin: The Future of Money. However, his theory never panned out. The second potential Bitcoin founder that was also never confirmed, was Dorian Nakamoto. Although Dorian’s last name matches Satoshi’s, they have never been proven to be the same person. However, that did not stop Newsweek from making claims that they were.

With the recent trial in London for Dr. Wright, and the confirmation that he is indeed not the founder of the first cryptocurrency, the mystery of who founded the coin deepens. At the same time, Bitcoin adoption continues to increase all around the world, with consumers now able to shop online, bet at dedicated Bitcoin casinos, and purchase travel all with Bitcoin.