Bitcoin and crypto traders have always been intrigued by the mystery surrounding Satoshi Nakamoto, the pseudonymous trader behind the creation of the world's first digital currency.

Maybe keeping Nakamoto hidden is the best

Who is he? How did he get the idea and is he still alive or did he die? These are all major questions that many bitcoin enthusiasts have probably asked themselves over the years, but according to several analysts and industry experts, it would be better not to know.

The argument seems to have started with the rumor that Adam Back - a 49-year-old computer scientist from the UK - was the reclusive Nakamoto. Although Back denies that it has anything to do with creating bitcoin , he noted that not knowing who Nakamoto really was could be the best thing for the currency and keeping it under control.

In a recent interview in Malta, he commented:

It is generally considered at this stage to be better than the founder of bitcoin is not known since many people have a hierarchical mindset. If you read about technology, you are trying to find out who is the CEO of a company and people want to ask you questions. Because bitcoin looks more like a digital version of gold, you wouldn't want gold to have a founder. For bitcoin to retain a product-like perception, I think it's a good thing that Satoshi stays out of public view.

   

 

Emmanuel Goh - co-founder and CEO of the Skew cryptocurrency analysis company - offers a similar sentiment. He explains that revealing Nakamoto's identity could potentially change the public's view of bitcoin and even bring negativity to the space. He says:

This could make bitcoin less legitimate as a neutral currency, as that person would be considered to have disproportionate influence.

Others, however, seem to believe that revealing Nakamoto to the public would make no difference to the currency. Charlie Lee, the creator and founder of Litecoin - a hard-fork bitcoin currency is one of the numbers that suggests it. He comments:

If we find out who Satoshi is, it won't affect bitcoin much, although there is definitely a mystique in not knowing who Satoshi is. It's such an interesting and fascinating story. So, on the one hand, I hope we will never know, but on the other hand, I would like to know.

It won't have much impact

YouTube content creator and derivative trader Tone Vays also said that revealing Nakamoto's identity to traders would have almost no effect on the status of bitcoin , saying:

The next day, he would receive 100 phone calls from very wealthy investors and hedge funds seeking to buy [bitcoin] directly from him so that it would not affect the price and potentially damage their current positions.

At press time, assumptions about Nakamoto's identity range from Craig Wright to Hal Finney.