#Bitcoin is down 45%, from $126K to $70K
The drawdowns are brutal in this asset but you can use them to your advantage
At $126K, $1 bought you 793 Satoshis
At $70K, every dollar you earn buys 1,428 Satoshis
Your purchasing power is up 80%!
This is why Bitcoiners are always happy
Price down = more sats
Price up = more purchasing power
Could Satoshi Nakamoto really be Epstein?
Where did this come from? Has everyone gone crazy?
On January 30th, 3.5 million pages of Epstein documents were released. Everyone's talking about it.
Tweets are flying around saying, "Satoshi Nakamoto is in the documents!", "Epstein created Bitcoin!", "The CIA is behind Bitcoin!"
So what's the truth? Let me tell you the truth. Both the fake ones and the real ones.
Let's start with the fake ones.
There are emails that went viral on Twitter. An invitation from Epstein to Satoshi: "Come here, man!" A reply from Satoshi to Epstein: "Get out of my sight!"
FAKE.
Yahoo News investigated this. There is NO such email in the Epstein files. Someone created it with Photoshop and it spread.
I also searched the Epstein library (the site published by the DOJ). I searched for the term "Satoshi Nakamoto."
The results: It only comes up in general Bitcoin discussions, in the context of the phrase "Satoshi Nakamoto created Bitcoin." There's no real connection.
So no, Epstein is not Satoshi. Epstein didn't exchange emails with Satoshi.
So does Epstein have absolutely NO connection to Bitcoin?
Yes, he does. But it's much more mundane than you might think.
Now, let me tell you the facts.
In 2016, Epstein wrote an email to an advisor in Saudi Arabia. The email read:
"I spoke with some of the Bitcoin founders, they're very excited."
This is a real email. It's in the Epstein files.
But note: it says "with some of the founders," not "with Satoshi."
Is it verified? No. Epstein said so, but there's no proof. Maybe he was lying, to influence. Maybe he really did speak with them, we don't know.
But I think it's a lie, of course...
But the important point: Satoshi disappeared in 2011. The email is from 2016. It's impossible anyway.
Second fact: Blockstream.
Blockstream is a company working on Bitcoin. Adam Back and Austin Hill are its founders.
There is evidence in the Epstein files that he invested in Blockstream. It's mentioned in emails coordinating travel with Adam Back and Austin Hill.
So Epstein invested money in Blockstream. He was an investor in a crypto company.
Surprising? No. Epstein was a rich man, he invested in everything. He was interested in technology.
Third fact: MIT donation.
In 2017, Epstein donated $750,000 to MIT's DCI (Digital Currency Initiative) program.
What does DCI do? It funds the Bitcoin Core team. So it supports Bitcoin code developers.
Why did Epstein donate? Maybe he believed in Bitcoin. Perhaps for PR. Perhaps for other reasons.
But the bottom line: Epstein indirectly contributed to Bitcoin's development.
Fourth fact: The 2011 comment.
In 2011, Epstein called Bitcoin "brilliant." But added that it "has serious drawbacks."
A normal investor comment. Nothing special.
Fifth fact: The argument with Peter Thiel.
In 2014, Epstein argued with Peter Thiel (PayPal founder, Bitcoin investor) about the definition of Bitcoin.
The email exists, that's true. But it was an academic discussion. Something like, "What is Bitcoin, how can it be defined?"
Sixth fact: The "Sharia crypto" project.
In 2016, Epstein proposed a project: to create two digital currencies. One "sharia" compliant for Muslim countries.
Did the project materialize? No. Just a proposal.
Now, let me summarize all this:
Was Epstein interested in Bitcoin? YES.
Did Epstein invest in Bitcoin? YES (Blockstream).
Did Epstein fund Bitcoin development? YES (MIT donation).
Was Epstein Satoshi? NO.
Did Epstein speak with Satoshi? UNPROVEN.
So Epstein was a crypto-enthusiast investor. He did the things wealthy people do: Invest, donate, propose projects.
But he didn't create Bitcoin. He wasn't Satoshi.
Now, let's get to the question, "Who is Satoshi?"
Nobody knows. It's been investigated for 15 years, and they haven't found him.
The strongest candidates are:
1. Hal Finney: The person who received the first Bitcoin transaction. Stylometric analysis suggests he most closely resembles Satoshi. But there's no proof. Hal Finney died in 2014, and he himself said, "I'm not him."
2. Nick Szabo: Created the concept of "Bit Gold" in 1998 (a precursor to Bitcoin). His writing style is very similar to Satoshi's. But he denies it. He says, "It's not me."
3. Adam Back: Created Hashcash (the technology Bitcoin uses). Satoshi referenced Adam Back in the white paper. But Adam says, "It's not me."
4. Len Sassaman: Cryptographer. Committed suicide in 2011 (the year Satoshi disappeared). Some say the timing is suspicious. But there's no evidence.
5. Dorian Nakamoto: A Japanese-American whose real name is Satoshi Nakamoto. In 2014, Newsweek said "this guy." But they were wrong. Dorian said, "I don't know what Bitcoin is."
6. Craig Wright: An Australian, said "I am Satoshi" in 2016. He went to court, and the court said "no, you are not" in 2024.
7. CIA/NSA theory: Tucker Carlson said "the CIA created Bitcoin." Evidence? None. The NSA wrote a report in 1996 called "How to Make a Mint," which is similar to Bitcoin. But that was 13 years ago, no connection.
The truth is: Satoshi's identity is unknown. Maybe it's one person. Maybe it's a group. Maybe he's dead. Maybe he's in hiding.
But one thing is certain: it's not Epstein.
Now let me answer the question, "Why do these conspiracy theories arise?"
Because people hate uncertainty.
