Elon Musk Suspects Computer Scientist Nick Szabo to Be Bitcoin Creator Satoshi Nakamoto

In 1998, Szabo had proposed the creation of a digital currency called “BitGold.”

Advertisement
By Radhika Parashar | Updated: 30 December 2021 19:18 IST
Highlights
  • Musk was speaking to podcast host Lex Fridman
  • He subtly drew parallels between Bitcoin and BitGold
  • Musk clarified that he "obviously" does not really know Nakamoto

Elon Musk is a staunch supporter of cryptocurencies, especially Dogecoin

Photo Credit: Bloomberg

Bitcoin was created in 2009 by an anonymous person pseudo-named Satoshi Nakamoto, whose identity still remains a mystery. In a recent interview, Tesla CEO Elon Musk named computer scientist Nick Szabo as the anonymous creator, who could have been the brains behind the birth of the world's first ever cryptocurrency. Musk was being quizzed on Lex Fridman's podcast when he made the statement. Musk also revealed that people often suspect him to be the originator of Bitcoin, a claim which he has denied so far.

While clarifying that he “obviously” was unaware of Nakamoto's real identity, Musk said that Szabo ticks all the boxes that indicates he could be the anonymous founder of Bitcoin.

Advertisement

In 1998, Szabo had proposed the creation of a digital currency. At the time, the scientist had named this currency “BitGold.” Musk believes that Szabo “seems to be the one more responsible for the ideas behind Bitcoin than anyone else.”

“Look at the evolution of ideas before the launch of Bitcoin and see who wrote about those ideas,” Musk said.

Szabo's project was never fully completed, but many see it as a precursor to Bitcoin. Previously, the scientist has refuted claims that he is the creator of Bitcoin.

Advertisement

Nakamoto's hidden identity has been a topic of conspiracies for years now.

Earlier in October, PayPal co-founder Peter Thiel said he unknowingly may have met Satoshi Nakamoto in the year 2000.

Advertisement

As per Thiel, around 21 years ago a group of around 200 people who wished to promote a new currency system with the capability of challenging the monopoly of central banks. The billionaire believes Nakamoto could have been in that group.

In September 2021, the first and only statue of Satoshi Nakamoto was unveiled in Budapest. While the facial features of this bronze statue are not well-defined, the figure sports a hoodie.

Advertisement

In 2011, the mysterious Bitcoin inventor bid a farewell to the crypto space and apparently “moved on to different things.”

The Bitcoin tokens in Nakamoto's wallet, amounting to over $66 billion (roughly Rs. 4,96,814 crore) remain unspent as of now.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Also seeCryptocurrency Prices across Indian exchanges

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus 16 vs iQOO 16: Price and Specifications Compared
  2. Samsung Galaxy S26 FE Review: Near-Flagship Specs, But at What Cost?
  3. Best Phones With Telephoto Cameras Under Rs. 40,000
  4. Oppo F35 Pro 5G Review: An 8,000mAh Battery and a Lot to Like
  1. Samsung Galaxy F70 5G With 5,000mAh Battery, 50-Megapixel Camera Goes on Sale in India: Price, Offers
  2. Apple ‘Pro and Tell’ Event Set for Next Week; First MacBook With Touchscreen, New iPad Mini and More Expected to Launch
  3. Cysic Shuts Down Bridge After Attacker Illegally Creates 10 Million CYS Tokens
  4. JPM Coin Arrives on Ethereum as JPMorgan Expands Institutional Payments
  5. Vivo V80 FE Reportedly Spotted on BIS Certification Website, India Launch Seems Imminent
  6. Airtel’s New Recharges in India Announced: Rs. 185, Rs. 203 and Rs. 206 Voice-Only Plans Details
  7. Vivo X500 Ultra Leak Reveals Launch Timeline, Chipset, Display and Key Specifications
  8. iQOO Neo 12 Launch Date Announced; Design, Colour Options Teased
  9. Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets
  10. iPhone Duo Battery Capacity Revealed Days Before Foldable Goes on Sale
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.