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Satoshi’s identity in jeopardy? McAfee promises to divulge information on the person behind Bitcoin

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Satoshi's identity in jeopardy? McAfee promises to divulge information on the person behind Bitcoin
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John McAfee, the creator of McAfee antivirus and computer and cybersecurity genius, promised his fans that he would reveal the true identity of the person behind Bitcoin. McAfee’s earlier tweets hinted that there were a few people in the crypto-space who knew the actual identity of Satoshi Nakamoto.

John McAfee’s recent tweets created a sense of excitement and enthusiasm on social media, as he posted:

McAfee claimed that there was a lot of energy and time being spent on the identity of Satoshi Nakamoto, which led him to divulge tiny bits of information every day until the identity of the creator of Bitcoin becomes public. This recent tweet by McAfee is among a string of responses to the recent controversy surrounding Craig Wright and Calvin Ayre, who are legally serving “harassment and libel” lawsuits to people who had claimed that he [Craig Wright] was a fraud and wasn’t Satoshi Nakamoto.

McAfee updated his previous tweet with another, which read:

People in the community started narrowing down the names by guessing the most popular people who could have created Bitcoin; some of those guesses include, Hal Finney, Elon Musk, John McAfee, etc.  Some people even suggested that Satoshi Nakamoto should sign a wallet saying “I am not Craig Wright”.





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Bitcoin

Bitcoin will likely be valued at $100,000 with a market cap of over $2 trillion before the end of 2021

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Bitcoin [BTC] will likely reach $100,000 with a market cap of over $2 trillion before the end of 2021
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The entire cryptocurrency market seems to be on the brighter side of the market since the beginning of the year. A majority of the coins have recorded significant recoveries from their 2018 slump, a period during which most coins lost over 90 percent of their value, when compared to their all-time highs. Among all the coins in the market, Bitcoin [BTC] aka the digital gold, was noted to be making a massive comeback as the coin breached the $11,000 mark after nearly 15 months. The coin however, soon retracted to settle below the $11,000 level.

According to CoinMarketCap, at press time, Bitcoin was trading at $10,887.27 with a market cap of $93.549 billion. The coin recorded a 24-hour trading volume of $20.757 billion for the past 24 hours and saw a massive rise of over 17 percent over the past seven days.

Anthony Pompliano, Co-founder of Morgan Creek Digital Assets, predicted that the largest digital currency could rise to reach $100,000, before the end of 2021. Pomp added that he was around 70-75 percent confident in this prediction. He stated,

“As I have previously said, making predictions is difficult […] Part of my process as a professional money manager is forming a thesis (price target), identifying a timeline (date), and establishing a confidence level. And then constantly re-evaluating those three aspects of my thought process as I receive new information.”

Pomp however, listed six pointers that have to be understood beforehand. First, this prediction is not an investment advice, and people should do their own research before investing in the digital currency. The second is with respect to Bitcoin’s volatility, with Pomp remarking that since it was a highly volatile market, the coin could witness a significant fall before being valued at $100,000. He stated,

“I anticipate that there will be numerous 20-30% drawdowns from new all-time highs as the asset continues to appreciate in value. These mini-boom/bust cycles should not cause panic, but rather need to be understood as natural market dynamics whenever an asset gains significant value in short periods of time.”

Further, the partner of the investment firm stated that the rise would be driven by several catalysts. This includes institutional adoption, exchange-traded funds and retail product approvals, global instability, governments all across the globe manipulating currencies, markets and economy. He went on to state,

“The market cap of Bitcoin will reach $2+ trillion when Bitcoin is worth $100,000. This is less than 1/3 the market cap of gold and less than 1/40 the global money supply.”





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