U.Today – Today is October 8, and that means the long-awaited HBO documentary “Money Electric: The Mystery” should hit viewers’ screens soon. Even though few people knew about this movie a week ago, the filmmakers’ ambitious statements that the identity of Bitcoin creator Satoshi Nakamoto would finally be revealed have greatly fueled expectations.
Over the past few days, the attention and brainpower of most cryptocurrency market participants have been focused on determining who will be nominated to play Satoshi in the film, while also creating meme coins and betting on the outcome on Polymarket.
However, despite all the speculation and discussion, which is largely absurd and frivolous in nature, revealing who created Bitcoin could actually have a greater impact on the market.
After all, according to an elderly story circulating among cryptocurrency market participants, Satoshi Nakamoto’s wallets may contain over one million BTC, which represents 4.76% of the total possible supply of the main cryptocurrency and is currently valued at over $62.3 billion.
$62 billion burned
If HBO proves who Satoshi Nakamoto is and the person is already dead and there are such people among the top contenders, it could literally mean burning at least a million BTC on live TV. These coins will simply not be available to anyone.
This will undoubtedly have a huge impact on Bitcoin itself and the entire cryptocurrency market. In many ways, however, expectations for solving the Satoshi Nakamoto mystery are currently rather low.
