John McAfee, the cyber-security genius, assured that Craig Wright was not Satoshi Nakamoto and in a shocking turn of events mentioned that there were a few people who knew the true identity of Satoshi Nakamoto.
John McAfee’s tweet read:
“Enough is enough! There at least a dozen crypto adherents who know the true identity of Satoshi. I can assure you, 100%, it is NOT Craig Wright. This absurd claim of Craig’s is incomprehensible. Mr wright: Have you no shame? Seriously sir! Have you no shame?”
Craig Wright has been raining lawsuits on Bitcoin enthusiasts who allegedly ridiculed him and claimed that he was not Satoshi Nakamoto. The string of lawsuits that began with Hodlonaut (and still continuing) brought the crypto-space together. Moreover, this also led CZ, the CEO of Binance, to delist Bitcoin SV, a fork of Bitcoin Cash, supported by Calvin Ayre and Craig Wright.
While some prominent people in the community “trolled” the incidents that occurred, others in the crypto-sphere gave their opinions on – if Craig Wright was Satoshi Nakamoto or not. McAfee was one among the latter, as he mentioned that there “at least a dozen crypto adherents” who knew Satoshi Nakamoto’s identity.
In addition, McAfee assured that Craig Wright wasn’t Satoshi Nakamoto. He said that he was “100% sure” about this matter, which leads to another question: Is John McAfee be one among the “dozen crypto adherents” who knows the identity of Satoshi Nakamoto?
Curious Twitter users asked if actually knew the identity and asked him to divulge the information. A Twitter user @bobchain_crypto tweeted:
“Do you know? Tell us!!!”
“Please. Get real. Satoshi has remained anonymous all these years and you expect someone to just tell you??? Surely that was not a serious statement.”
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Bitcoin’s on-chain/off-chain valuation indicators the key point of focus as coin heads to $13,000
With the rise in Bitcoin’s price, the rest of the cryptocurrency market has followed suit by displaying a green trend across the board. In a recent series of tweets by popular cryptocurrency analyst Adam Tache, users were informed about the top Bitcoin on-chain and off-chain valuation indicators, derived from on-chain valuation models.
The analysis touched on the Mayer Multiple created by dividing the price by the all-important – 200 day moving average. The current average Mayer Multiple stands at a figure of 1.39, which may climb higher. Looking at previous figures, the normal Mayer Multiple figures stated that if the value shoots up to 2.4, then Bitcoin eventually retraces back to a comfortable 1.5. The Mayer Multiple is usually considered as the original indicator used to clock the valuation of Bitcoin.
Another major indicator discussed in the thread was the NVT Ratio invented by Willy Woo, Partner at Adaptive Fund. The indicator is used to calculate Bitcoin’s prominence or value in the cryptocurrency space by evaluating the amount transacted on the blockchain as a “proxy for investment flow and bear and bull market cycles.”
At the moment, the NVT ratio for Bitcoin is in an abnormal region compared to the start of previous bullish patterns. The NVT ratio was above the “bear market” separator, which meant that the cryptocurrency was overbought. When Bitcoin is overbought, it usually means that the buying pressure is much higher than the selling pressure. Adam Tache opined,
“NVT signaling overbought is likely due to a number of factors — namely the proliferation of exchange-based, purely off-chain txs driving short-term price action.”
The analysis also pointed out the liveliness of the Bitcoin indicator created by Tamas Blummer. The indicator showed the inverse count of lost or ‘HODLed’ Bitcoin, while stating that when the ratio increases, long-terms holders of the cryptocurrency decrease their positions. The indicator conveyed accumulation of Bitcoin when the ratio decreased.
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