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Bitcoin [BTC]: John McAfee reveals he received many emails from people claiming to be ‘Satoshi’

Bitcoin [BTC]: John McAfee reveals he received many emails from people claiming to be ‘Satoshi’

The ‘who is the real Satoshi Nakamoto’ drama in the world of cryptocurrencies has been ongoing ever since the name of the elusive bitcoin [BTC] creator was made public. Fast forward ten years after the inception of BTC and the comments around that topics have reached new heights.

As part of a follow up to his many and consistent tweets, John McAfee twitter post said:

“I have received today dozens of communications from people and groups claiming to be Satoshi. Below is an example email and my responses. So people, please – i do know who Satoshi is. Don’t make yourself look foolish by pretending.”

His follow-up tweet said:

“Again people, don’t make yourselves look foolish by contacting me and claiming to be Satoshi. If you need to contact me to reveal yourself then you are not him.”

McAfee’s tweet came in the wake of several e-mails that were sent to him by people claiming to be the actual creator of bitcoin. One such email even claimed that Nakamoto was not a person but rather a group of people working in unison and was in hiding. A part of the email content read:

“We are in hiding and we just don’t do emails. Mainstream media has a time block on us which is okay, they would rather choose to give airtime to imbeciles.”

The rise in the ‘Satoshi claims’ can be attributed to McAfee recent tweet of claiming to know a dozen people who know the real identity of Satoshi. He had also added that he would start a process of narrowing down the suspects to finally reveal the actual creator of bitcoin.

The post Bitcoin [BTC]: John McAfee reveals he received many emails from people claiming to be ‘Satoshi’ appeared first on AMBCrypto.

Published at Fri, 19 Apr 2019 20:56:46 +0000

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Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’

After calling bitcoin a ‘fad’ and a ‘pyramid scheme’ the man who called the dot com bubble has admitted that he does not understand what is driving the value of bitcoin, which keeps rising seemingly unhindered.


While many, including traditional investors, come around to bitcoin and get on board with the digital currency that keeps breaking records in terms of its value, some are still stubbornly skeptical, and a little confused.

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Where is the Value?

Howard Marks, the billionaire investor who made his name on Wall Street from calling some major investment bubbles, including the Dotcom bubble, said on CNBC’s Fast Money Halftime Report that he can’t figure out the actual value of bitcoin.

Speaking about this new-age currency, Marks said:

It’s not a medium of exchange, it’s a medium of trading, so I can’t see any intrinsic value, I don’t understand what’s behind bitcoin.

He later added:

For me, there is only one kind of investing: When you look at something, you don’t think, ‘Is it going up or down tomorrow?’ … You say, ‘What is the intrinsic value?’ and then you say, ‘Can I buy it for less? […] There is no intrinsic value in bitcoin.

Value of Bitcoin tops $4000

Value Keeps on Rising

Despite this doyen of traditional investing stating that there is no intrinsic value to the most famous digital currency, its value recently topped $4,000. As such, there are very few assets in the world that can even come close.

Fundstrat co-founder Tom Lee, CEO of Ritholtz Wealth Management Josh Brown as well as another investing legend Bill Miller, are all in the opposite camp of Marks’ as they have thrown their full support behind this up and coming skyrocketing asset.

Lee believes it will be the top performing asset at the end of the year while Miller has said that he is the proud owner of bitcoin.

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Left Behind

Marks was happy to concede on the show that perhaps the digital currency was a technology and an asset that he was simply too old to understand.

“Maybe I’m just too old and too much of a dinosaur to understand bitcoin,” Marks said jokingly.

However, Marks has still been bold enough to compare bitcoin to other bubbles that have gone back as far as the 1900 Tulip mania in the Netherlands. It is through his popular memos that the former Oaktree Capital co-chairman warned about a crash in bitcoin.

Should people worry about what these traditional investors think? Is bitcoin breaking the mold and setting its own precedents? Let us know in the comments below!


Images courtesy of CoinMarketCap, Shutterstock, Thomas Lee/Bloomberg

The post Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’ appeared first on Bitcoinist.com.