Satoshi Nakamoto turns 50, Bitcoin sits at $82K as a US reserve
The anonymous creator of Bitcoin, known as Satoshi Nakamoto’s birthday is believed to be today. The mysterious inventor’s 50th birthday comes at a time when the world’s first crypto is becoming more accepted by institutions and governments, especially by the number one economy, the US.
Satoshi Nakamoto’s real identity is still unknown. However, based on information shared in the past, the person who created Bitcoin is thought to have turned 50 today, April 5. Nakamoto once said he was 37 years old and lived in Japan. He listed his birthday as April 5, 1975, according to old information from his P2P Foundation profile.
The Bitcoin evangelist Michael Saylor wished him a happy birthday on his X account. Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This marked the first major step toward integrating Bitcoin into the US financial system.
Anndy Lian, author and intergovernmental blockchain expert, said, “At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty.” Other BTC investors have joined to say happy birthday as many call him a legend.
However, not everyone thinks Satoshi is alive. For instance, Galaxy Digital CEO Mike Novogratz recently said, “If Satoshi was alive (cause I don’t think he is), I’m sure that he’d have a big smile on his face.”
Satoshi Nakamoto’s anonymity is an advantage for Bitcoin
The identity of Nakamoto is still one of the biggest mysteries in crypto. Cryptographers like Adam Back and Nick Szabo have made suggestions and more general ideas involving government spy agencies.
However, the fact that Nakamoto stays anonymous has been very important for keeping the Bitcoin network decentralized. In other words, he made sure that Bitcoin wouldn’t have a leader or central figure whose personal goals could affect the system by hiding his real name. This means that it doesn’t have a single authority or leadership.
Even though Bitcoin went from $0 to an all-time high above $109,000 in January, the address linked to Nakamoto, which holds more than 1 million BTC has been dormant for more than 16 years. In fact, Arkham Intelligence reported in February that Nakamoto was the owner of 1.096 million BTC, which was worth more than $108 billion at the time.
Bitcoin could decline further
As the market as a whole fell this week, Bitcoin also dipped below $82,000. Tracy Jin, COO of the crypto exchange MEXC, has made a new statement about the price of Bitcoin. She says it could drop to the $52,000 to $56,000 range by the summer of 2025.
This is because trade tensions are rising, the market is volatile, and people are losing faith in Bitcoin as a safe haven asset.
Bitcoin’s price fell, and at the same time, stock markets like the Nasdaq Composite and S&P 500 fell sharply. This was mostly because President Trump announced trade tariffs on big U.S. trading partners that have never been done before.
The tariffs, which the Trump administration called “Liberation Day” steps, caused market volatility immediately. In just 24 hours, the crypto market saw $293 million in long positions and $220 million in short positions liquidated.
This is just the start, as Trump’s loud comments, which he often makes on social media, and retaliatory taxes are likely to make these swings even bigger.
Meanwhile, the price of Bitcoin is $82,709 as of today. It has dropped by 0.3% in the last 24 hours and is going in the same direction as the last few weeks.
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Satoshi Nakamoto turns 50, Bitcoin sits at $82K as a US reserve
The anonymous creator of Bitcoin, known as Satoshi Nakamoto’s birthday is believed to be today. The mysterious inventor’s 50th birthday comes at a time when the world’s first crypto is becoming more accepted by institutions and governments, especially by the number one economy, the US.
Satoshi Nakamoto’s real identity is still unknown. However, based on information shared in the past, the person who created Bitcoin is thought to have turned 50 today, April 5. Nakamoto once said he was 37 years old and lived in Japan. He listed his birthday as April 5, 1975, according to old information from his P2P Foundation profile.
The Bitcoin evangelist Michael Saylor wished him a happy birthday on his X account. Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This marked the first major step toward integrating Bitcoin into the US financial system.
Anndy Lian, author and intergovernmental blockchain expert, said, “At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty.” Other BTC investors have joined to say happy birthday as many call him a legend.
However, not everyone thinks Satoshi is alive. For instance, Galaxy Digital CEO Mike Novogratz recently said, “If Satoshi was alive (cause I don’t think he is), I’m sure that he’d have a big smile on his face.”
Satoshi Nakamoto’s anonymity is an advantage for Bitcoin
The identity of Nakamoto is still one of the biggest mysteries in crypto. Cryptographers like Adam Back and Nick Szabo have made suggestions and more general ideas involving government spy agencies.
However, the fact that Nakamoto stays anonymous has been very important for keeping the Bitcoin network decentralized. In other words, he made sure that Bitcoin wouldn’t have a leader or central figure whose personal goals could affect the system by hiding his real name. This means that it doesn’t have a single authority or leadership.
Even though Bitcoin went from $0 to an all-time high above $109,000 in January, the address linked to Nakamoto, which holds more than 1 million BTC has been dormant for more than 16 years. In fact, Arkham Intelligence reported in February that Nakamoto was the owner of 1.096 million BTC, which was worth more than $108 billion at the time.
Bitcoin could decline further
As the market as a whole fell this week, Bitcoin also dipped below $82,000. Tracy Jin, COO of the crypto exchange MEXC, has made a new statement about the price of Bitcoin. She says it could drop to the $52,000 to $56,000 range by the summer of 2025.
This is because trade tensions are rising, the market is volatile, and people are losing faith in Bitcoin as a safe haven asset.
Bitcoin’s price fell, and at the same time, stock markets like the Nasdaq Composite and S&P 500 fell sharply. This was mostly because President Trump announced trade tariffs on big U.S. trading partners that have never been done before.
The tariffs, which the Trump administration called “Liberation Day” steps, caused market volatility immediately. In just 24 hours, the crypto market saw $293 million in long positions and $220 million in short positions liquidated.
This is just the start, as Trump’s loud comments, which he often makes on social media, and retaliatory taxes are likely to make these swings even bigger.
Meanwhile, the price of Bitcoin is $82,709 as of today. It has dropped by 0.3% in the last 24 hours and is going in the same direction as the last few weeks.
Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Read More