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News

Odds on Adam Back Being Nakamoto Are Soaring Due to Fake Rumors

October 7, 2024 - Around 2 mins mins to read

Key Points:

  • HBO’s upcoming documentary has reignited speculation about Bitcoin creator Satoshi Nakamoto’s true identity.
  • Data from Polymarket shows Szabo leading with 24.6%, while odds on Adam Back rose to 9.6%, driven by rumours sparked by a joke on social media.
With the expected release of the HBO documentary “Money Electric: The Bitcoin Story”, speculations have kicked off yet again on who Satoshi Nakamoto, the pseudonymous Bitcoin founder, really is.
Odds on Adam Back Being Nakamoto Are Soaring Due to Fake Rumors
Source: Polymarket

Read more: Satoshi Nakamoto Identity Is Causing Excitement For Linked-Meme Coins

HBO Documentary Renews Satoshi Nakamoto Identity Speculation

According to data from the prediction market Polymarket on October 7, the crypto community is speculating on two prominent figures, Len Sassaman and Nick Szabo, to be named Nakamoto in the series.

Speculation over Nakamoto’s identity has reached a fever pitch since HBO announced the series, not just because of the show in itself but because of reports that this documentary might finally unmask the originator of the world’s first cryptocurrency.

Per Polymarket data, Szabo presently leads as the most likely candidate, with 24.6% of respondents believing that he could be Nakamoto. Szabo is a well-known name within the crypto space for his early contributions, such as creating smart contracts and referring to BitGold in 1998, a precursor to Bitcoin. Those contributions added to public speculation from the likes of Elon Musk, who once suggested Szabo may be Nakamoto, have kept him at the centre of such discussions.

Odds on Adam Back Skyrocket Due to False Rumors

Back, another famous cryptographer, reached as high as 9.7%, although it later emerged this surge in odds on Adam Back was down to an apparent joke from fellow crypto expert Samson Mow, also featured in the documentary.

The joke over Mow on X sparked rumours that perhaps Adam Back was Nakamoto. Back has denied that one repeatedly as well. Recently, he spoke again about the rumors: “I’m not.” However, the odds on Adam Back are still in the top 3 candidates.

Slated to go live on October 8, the crypto world should pay close attention to who Nakamoto really is. It may well cause turmoil in Bitcoin if some of the coins that have remained unspent in those wallets move.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Adam Back

Bitcoin

BTC

HBO Documentary

Len Sassaman

Nick Szabo

Satoshi Nakamoto

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.