But it seems that the cryptocurrency market will be in greater danger if the identity of the “Bitcoin” inventor is revealed, according to a report by CoinBase, a digital currency trading platform, on Thursday.
One of the risk factors threatening the market, the report said, is the use of a pseudonym, as did the inventor of Bitcoin, Satoshi Nakamoto.
The report, summarized by the “Business Insider” website, stated that if the identity of the true Bitcoin inventor is revealed, the price of the digital currency will deteriorate.
The report indicated that Nakamoto’s stock of Bitcoin exceeds one million currencies, while the price of one Bitcoin reaches about $ 50 thousand.
Coinbase explained that Nakamoto may adversely affect the company’s application and destabilize the entire digital currency market, in case Nakamoto decides to convert his own currencies, whose total price is about $ 30 billion.
Nakamoto is the first person to start mining Bitcoin, and owns about 5 percent of the total Bitcoin market. There are no more than 21 million Bitcoins, which can only be mined.
After a weeks-long upward trend, the cryptocurrency Bitcoin witnessed a decline, Monday, after reaching a level of more than $ 58,000.