Bitcoin News Today: Bitcoin's Enigma Lives On: Dorsey's Strategy Fuels Satoshi Speculation

The possibility that Jack Dorsey, co-founder of Twitter and Block (formerly Square), is the enigmatic Bitcoin creator Satoshi Nakamoto has resurfaced in financial and crypto circles, with analysts citing tenuous but intriguing connections between Dorsey's ventures and the pseudonymous figure's legacy. While no definitive proof exists, recent developments-including Dorsey's strategic focus on Bitcoin integration at Block and the cryptocurrency's volatile price swings-have reignited speculation about his potential identity as Nakamoto.

Dorsey has long been a vocal advocate for Bitcoin, positioning it as a cornerstone of Block's vision. During the company's 2025 investor day, Dorsey outlined plans to transform Block into a "fully autonomous economic platform" through tools like "managerbot" for business automation and "moneybot" for personal finance management. He emphasized Bitcoin's role as a low-cost global payments alternative, stating that "more and more merchants will drive their customers to lower-cost transactions, such as Bitcoin or stablecoins" according to Dorsey. This alignment with Bitcoin's decentralized ethos mirrors Nakamoto's original white paper, though Dorsey has never claimed authorship of the protocol.

The timing of this speculation coincides with Bitcoin's recent 30% price correction from its $126,000 peak in October 2025 to around $87,000. This decline has significantly eroded the theoretical wealth attributed to Satoshi Nakamoto, whose estimated 1.096 million BTC holdings fell from $137 billion to $95 billion in value according to analysis. Analysts note that such a drop would place Nakamoto's paper wealth at the 18th-largest globally, just ahead of Mukesh Ambani but behind Michael Dell according to financial reports. While this volatility underscores Bitcoin's speculative nature, it also highlights the broader market dynamics influencing investor sentiment, including ETF outflows and macroeconomic uncertainty as market data shows.

Ark Invest, a key player in the crypto space, has amplified the narrative by increasing its exposure to crypto-related stocks, including Block, Circle, and Coinbase, during the downturn. The firm's $13.5 million purchase of Block shares and $7.6 million investment in Circle Internet Group reflect a belief in the sector's long-term potential, despite short-term headwinds according to reports. Meanwhile, Dorsey's continued advocacy for Bitcoin-through Block's ecosystem and public statements-fuels the theory that he may possess deep institutional knowledge of the network's inner workings, akin to Nakamoto's.

However, experts caution against drawing definitive conclusions. The links between Dorsey and Nakamoto remain speculative, rooted in circumstantial evidence such as his early adoption of Bitcoin, Block's crypto infrastructure, and the timing of his strategic announcements. No concrete proof, such as cryptographic signatures or direct admissions, has emerged to substantiate the claim.

As the crypto market navigates regulatory and macroeconomic challenges, the debate over Dorsey's potential identity as Nakamoto serves as a reminder of Bitcoin's enigmatic origins and the persistent allure of its mystery. Whether or not the speculation holds merit, the intersection of Dorsey's public persona and the cryptocurrency's trajectory continues to captivate investors and technologists alike.