Coinbase Says Entire Crypto Market Could Destabilize if Bitcoin's Creator is Ever Revealed or Sells Their $30 Billion Stake

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Coinbase on Thursday released documents for its public debut on the Nasdaq stock exchange via a direct listing. In the filing, the digital trading platform cited as a risk factor Bitcoin’s creator, Satoshi Nakamoto – the pseudonym used by the person or group of people who created bitcoin. From a report:

If the identity of the creator was revealed, it could cause bitcoin prices to deteriorate, according to the filing. The filing also referenced Nakamoto’s personal stash of bitcoins, which totals over 1 million. As of February, one bitcoin was worth about $50,000. Nakamoto could negatively affect Coinbase, the company said, and destabilize the entire crypto market if the creator decided to transfer his bitcoins, which are valued at over $30 billion.

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Market cap is over 1000 billion today - - 30 is loose changeimage

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I am with Crypto since over 3 years now and still questioning the future :sweat_smile: let there be light!