HBO to reveal Satoshi Nakamoto’s real identity amid US government plan to sell $4 billion in Bitcoin

• HBO Documentary has announced that it will reveal the identity of Bitcoin founder Satoshi Nakamoto.
• The controversy surrounding his mysterious identity has led to huge bets on Polymarket.
• US gets court permission to sell 69,370 Bitcoin worth $4.33 billion.

HBO is set to release a documentary about Satoshi Nakamoto on Tuesday night, along with his true identity. According to Polymarket data, speculation suggests that Adam Back, CEO of Blockstream, is the favorite to be identified as Satoshi Nakamoto. Meanwhile, the Supreme Court allowed the US government to sell 69,370 BTC worth $4.33 billion in the Silk Road case.

Satoshi Nakamoto’s Identity To Be Revealed, US Government Plans To Move 69,370 Bitcoins

In its latest documentary, HBO claims to have uncovered one of the biggest mysteries in cryptocurrency history: the identity of Bitcoin founder Satoshi Nakamoto.

Satoshi Nakamoto is the name chosen by the pseudonymous person or group of people who developed Bitcoin.

The crypto community has shown great anticipation for the documentary’s release at 9pm ET, with speculation about who HBO will identify as Satoshi. These expectations have led to an increase in Polymarket speculation among punters, with Adam Back leading the odds.

Back became the favorite to be revealed as Satoshi after the widow of the late Len Sassaman said her late husband was not the creator of Bitcoin.

However, new speculation points to Peter Todd as the real figure behind Bitcoin in the HBO documentary. The new suggestion follows a purportedly leaked video from the documentary that identifies Todd as Satoshi.

Several members of the crypto community suggest that the discovery of Satoshi Nakamoto’s identity will shake up the crypto industry and the entire financial market.

CryptoQuant CEO Ki Young Ju suggests that revealing pseudonymity could be bearish for Bitcoin. He also said the HBO documentary was an “insult to Satoshi.”

Meanwhile, the US government received Supreme Court approval to sell 69,370 Bitcoins worth $4.33 billion. A few months ago, funds were lifted from a wallet connected to the Silk Road case.

The government was embroiled in a legal battle over the funds with Battle Born Investments, which claimed rights to the seized Bitcoin.

Bitcoin fell 1.7% following the announcement, trading just above $62,000. This is probably because investors have expressed fear, uncertainty and doubt (FUD) following the government clearance by the Supreme Court.