The Face of Bitcoin

The Bitcoin

An unforeseen titan has proved to be mighty in the age of conspiracy theories and the dawn of the cryptocurrency market. Even the brightest financial advisors lay beneath its giant footstep, hiding under their desks, left pondering at the next move questioning whether they have invested wrong all along. Bitcoin mentioned in Yellin et al. (2013/2018) as the suspicious, unknown currency, which suddenly shocked the world. Following the stories of overnight millionaires made by the accidental stumbling upon old Bitcoin cyber wallets filled with millions of dollars in value (Yellin et al., 2013/2018). These are all similar stories found across the web following the Bitcoin creation in 2009. The origins are not precisely clear; as the currency unit climbs to over thousands of dollars a unit, the founder finally flagged under the likely alias Satoshi Nakamoto (Yellin et al., 2013/2018). Leading a wild goose chase in tracking this now mythical-like identity, which has mined over billions of bitcoin to only vanish off the face of the Earth. Who is this figment of a reality that is yet to be found after all this time? Now as the price of Bitcoin continues to skyrocket in price, the imminent need for a founder is in desperate demand. Who is this person who single-handedly has such an extensive collection likely prompting power and influence beyond belief? Elon Musk.

Elon Loves Irony

Alright, likely if you are still reading this, you are thinking, here we go, some nut job that is going to create more conspiracy theories and cause problems. But what if I told you that after reading this, you might take a step back and think like the great Elon Musk Tweeted:

"Fate Loves Irony"-

Cash, Card, or Crypto?

Wouldn't it be ironic if the man that has brought so much change to the cryptocurrency world was the one that created the realm in the first place? Tesla, a company that dominates the world of technological advancement for the betterment of the human race, is now the first to adopt Bitcoin as a successful financial transaction network. This standing notion alone supports the ironic sentiment of Elon being the father of bitcoin. This realization leads you to likely question what will happen once down the rabbit hole of Elon's possible founding of Bitcoin.

Enter Bitcoin

Here's where things get interesting and will likely need further research and extra help from market analysts and a legion of investigators to uncover this identity and verify if this theory is correct. Our cyber-friend "Nakamoto'' didn't show face until 2009 when Bitcoin launched; what is the big deal, you ask? Elon started working at Tesla in 2008. Allowing Elon and possibly a skilled team plenty of time to create what we now see as Bitcoin. Musk has noted that his fascination for science and technology stems from a passion for gaming and computers that he cherished in college with his friends. With the technological skill sets he has, combined with possible others, this starts not to seem so far-fetched.

As Musk puts it, “the most entertaining outcome is the most likely.”

In 2011, bitcoin reached one dollar (for those who don't know much about cryptocurrency, this is an enormous milestone, as those bought in for a fraction of a penny made some substantial profit gains). Also, around the same time that year, the new Tesla Model dropped. Mr. Musk's net worth also seemed to match these jumps. These two events raise questions about the possibility that all this time, Mr. Musk has been able to hide from the obvious, under the illusion of wealth obtained from the company's successful endeavors. A quick search will show that Musk's wealth comes from "multiple" sources where only a portion comes from Tesla itself.

Musk has built himself a personal platform of abundance for science, wealth, and technological development via social media. This platform allows the perfect way to essentially play the game of keeping this identity and this wealth collection away from common knowledge of the world.

This almost iconic fascination of Musk has also helped him boost successes in other Cryptocurrencies as well such as Dogecoin. Which just so happens to be a coin that Musk recently tweeted about and is known to make light-hearted remarks regarding his support for the currency. Musk has been more transparent about his positions in Dogecoin as the founders are more open and publicly known.

There might be hints

Musk has flooded social media with a barrage of mentions regarding Bitcoin and the future holdings of financial success from being in cryptocurrency. Often with leaving the content up for interpretation by its viewers, filled double meanings, leaving his followers running to the cryptocurrency markets investing in what they hope is the next Bitcoin. These remarks might actually be the illustrations of his financial successes and potential significant role in the creation and health of Bitcoin. At one point, Musk even had Bitcoin in his Twitter bio, which quickly sent the currency prices skyrocketing. Was this all a quirky game suggesting he was the founder of Bitcoin and was only merely representing his very own project and now successful product? We may have fallen under the biggest game of 'hodl' and seek. The term 'HODL' is coined by many of his followers referring to cryptocurrency holders 'holding on for deal life' despite the sometimes volatility based nature of the market.

When Musk recently became the world's wealthiest person, he responded, "How strange." when asked about the matter. This milestone was on January 8th, 2021, a point in time where Bitcoin was crushing a serious bullish run by sitting in the $30,000 plus range.

If one wanted to do the math to that, calculating the said billion Bitcoins that this mysterious figure hoarded. This insurmountable total would likely do the trick for topping the cake as the most extensive collection of wealth on Earth.

What the future holds

A mystery remains in the fact that Tesla, a company that intends to service the human race now fully supports Bitcoin, but is the first large scale company to do so. Does Tesla possibly know things we do not which is why the eagerness to hop on board?

The irony also lies in the fact that Musk actively promotes Dogecoin, which he said would be the "people's coin". This may be Elon's attempt to give back by giving us all an opportunity to take after his footsteps in setting the crypto standard while solidifying our economic futures. These messages and promotions by Musk almost seem to be subtle messages and hints dangling and waiting to be decoded and solved. Will this unfold as time goes on? We will have to wait and see. As for Mr. Musk, if you see this, we might be on to you.

References

Yellin, T., Aratari, D., & Pagliery, J. (2013, December/ 2018, August). What is bitcoin? CNNMoney. https://money.cnn.com/infographic/technology/what-is-bitcoin/index.html