nhnhbg Elon Musk’s Prediction on Crypto after Revealing Bitcoin Creator Satoshi Nakamoto Theory – Money Up Down
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Elon Musk’s Prediction on Crypto after Revealing Bitcoin Creator Satoshi Nakamoto Theory

elon musk's prediction on crypto

Elon Musk remained in the news throughout the year 2021 for his Tesla car and active involvement in the booming crypto industry. He became one of the top reasons for boosting the price of Bitcoin, as well as crashing it.

As we noticed that Bitcoin price fallen on its nose after losing a huge value of $100 billion from the overall crypto market. Continuing this trend, Ethereum also has dropped last week while, Dogecoin lost almost 10% of its price.

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In such a scenario, Elon Musk told that there’s no value of knowing whether Satoshi Nakamoto is creator of Bitcoin or not; rather, he added that Nick Szabo should be known as the evolution maker in the crypto market.

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As per Elon Musk, it is really a surprise in such a tech-managed era that the inventor of a completely new and huge technology is ‘anonymous’. He explained that Nick Szabo has devoted more in this technology and contributed the core idea behind it, which helped developing such an enormous and secure channel and thus we should focus more on Nick over Satoshi.

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It is fact that BitGold and some other cryptos has been evolved following the theory of Nick Szabo which finally took birth as a complete new Ethereum Blockchain. For information, in 2014, Szabo clearly denied to Dominic, a Financial Writer that I am not Satoshi Nakamoto.

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