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Does the anonymity of Satoshi Nakamoto influence the price development of Bitcoin?
Since its creation, the price of Bitcoin has surged by hundreds of millions of percent. However, to this day, the true creator of the largest digital asset remains hidden under the pseudonym Satoshi Nakamoto.
However, this anonymity has actually proven beneficial for the asset and its investors. This is one of the reasons why Bitcoin even ranked fifth as the most valuable asset in the world, surpassing silver which has existed since 3,000 years before Christ.
The idea that revolutionary money can be created by anonymous developers has become a strong narrative for a generation growing up amid financial crises, increasing distrust in government institutions, and a strong drive for economic independence.
From the beginning, Satoshi deliberately kept his identity hidden to address the fact that the root problem of conventional currency is the trust in third parties.
This means that Satoshi eliminated personal bias to ensure that his creation can grow organically as a community.