Could satoshi nakamoto crash bitcoin?Asked by: Althea ManteScore: 4.1/5 (19 votes)
Cryptocurrency trading platform Coinbase — which has an over $100 billion valuation — said Satoshi Nakamoto could topple an over $1 trillion bitcoin market. … If the identity of the creator was revealed, it could cause bitcoin prices to deteriorate, according to the filing.
Can the creator of bitcoin shut it down?
It is already impossible for a single entity to kill bitcoin and its underlying blockchain technology, so state governments and regulators should embrace blockchain technology and cryptocurrencies, said the chief executive of the world’s biggest cryptocurrency exchange.
Can bitcoin ever crash?
Bitcoin and other cryptocurrencies are highly volatile. Their prices will touch highs and lows all the time, so it’s tough to predict a rise or crash. Nobody can say that with any guarantee or certainty. But what you can do as an investor is be prudent when it comes to investing in Bitcoins.
Can Satoshi make more bitcoin?
When Satoshi Nakamoto created Bitcoin, he installed a strict limit on the number of Bitcoin that could ever exist. There will never be more than 21 million bitcoin. This limit, known as the hard cap, is encoded in Bitcoin’s source code and enforced by nodes on the network.
Is it possible for bitcoin to become worthless?
But to the extent the demand falls, then the price would go down. There’s no intrinsic value to any of the cryptocurrencies except that there’s a limited amount.” … Paulson went on to say that cryptocurrencies could eventually be worthless. “Once the exuberance wears off, or liquidity dries up, they will go to zero.