Is The Bitcoin Creator Going To Be Revealed? A $61 Billion Question

A Family Of A Dead Man Sues His Partner Over Control Of 1 Million Bitcoins

Soon, the world may learn who is the retail Bitcoin creator, currently known under the pseudonym Satoshi Nakamoto.

In Florida, a family of a dead man is suing his former business partner over the assets of the partnership. It’s not a usual case, as the assets in question include 1 million Bitcoins, which are worth about $61 billion today.

The family of David Kleiman is suing Craig Wright, who has been arguing that he created Bitcoin. Mr. Wright dropped his claims in 2016 after facing strong criticism, but has since returned to his original story and argued that he was the mysterious Satoshi Nakamoto.

Mr. Kleiman died in 2013. His family claims that Kleiman and Wright created Bitcoin together. Therefore, Mr. Kleiman’s family should have the right to 50% of the 1 million Bitcoins.

Anyone who argues that he is Satoshi Nakamoto should have the private key and show that he can move the Bitcoins in question. The trial will find out whether Mr. Wright created Bitcoin or his claims were false. If the trial finds that neither Mr. Kleiman nor Mr. Wright were the creators of the world’s first cryptocurrency, the crypto world will remain in the dark about the real identity of Satoshi Nakamoto.

Bitcoin Moves Towards The $60,000 Level

Bitcoin gained strong downside momentum after it managed to settle below the 20 EMA at $63,000. Currently, Bitcoin is trying to get to the test of the $60,000 level.

In case Bitcoin gets below $60,000, it will head towards the 50 EMA at $59,100. A successful test of the support at the 50 EMA will open the way to the test of the next support level which is located at $57,700.

On the upside, the nearest resistance level for Bitcoin is located at $62,000. If Bitcoin manages to climb back above this level, it will head towards the 20 EMA at $63,000. A move above the 20 EMA will push Bitcoin towards the next resistance level at $63,500.

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