Who Is the Owner of Bitcoin and Why He Chose To Be Anonymous?

As we all know that there is an increasing demand for cryptocurrencies in today’s time. The primary reason behind this is that this is providing considerable benefits to the users like security, privacy and international transactions, and many more. Moreover, even this provides enormous returns on the investments. So, bitcoin and all other cryptocurrencies are very beneficial. 

Despite all the benefits and the profits, there is one major question in the people’s minds, and the question here is who is the owner of the cryptocurrency, and when was the cryptocurrency established. So here, further, we will discuss the origin of crypto and some details of the cryptocurrency owner. If you want to know more about bitcoin trading, then you can click this image link for better insight.

Who is the owner of the cryptocurrency?

The identity of the crypto currency’s owner is still anonymous as it was announced in 2008 and launched in 2009. As the identity of the person is anonymous, he had been given the name Satoshi Nakamoto. No one exactly knows who this person is. 

He gave just a unique step that anyone had never dreamt of for once. Blockchain technology of bitcoin is just awesome/ even there are many other sectors today who are using bitcoin blockchain mechanism for the storage of the data. As blockchain provides many benefits like:

• Data security
• Data privacy
• Short time transactions
• Low transaction fees

Why Crypto Owner Is Still Anonymous

As we have discussed earlier also about the anonymity of the owner of the cryptocurrency. The owner of the cryptocurrency has not revealed his identity, not even after this long time. Therefore, there are many assumptions made by the people behind this decision made by the owner.

• The first reason would be that if in the future the bitcoin is declared to be illegal so because of the anonymity, there would be no action on the owner of the bitcoin. These illegal scams have the jail for a very long time and the fines, which are of very high prices.

• The second reason might be this: if anybody knows about the bitcoin owner and by any natural calamity or any accident, the owner dies. There will be an effect on the bitcoin prices, and the users of the bitcoin will be incurring huge losses. And if no one knows the owner and the person even dies, there is no effect on the bitcoin prices in any case.

• The third possibility of anonymity of the owner may be that he is holding the major portion of the bitcoins and as we all know that the prices of the bitcoins are way too high. In that case, the bitcoin owner has to pay huge and huge taxes to the government so that he can move freely. This is assuming that the cryptocurrency owner is still alive, and he is withdrawing the small portions of the cryptocurrency from his holdings and will be living a very luxurious life.

Even if he is withdrawing the crypto in parts, no one can ever know about this, and he can live a luxurious life.

Benefits Offered By the Bitcoin

The bitcoin platform offers various benefits. Most of the users are attracted to bitcoins because of these reasons majorly. 

• Easy transactions: a person can do transactions very easily just from his phone.

• Transaction privacy: all the transactions made by the user are kept private in the blockchain; no one can extract the information of the sender or the receiver and even cannot track the transaction amount.

• Transaction Security: Whole bitcoin platform is encrypted by cryptography, and there are no chances of scam or fraud in the transactions.

Even now, investing in crypto has become very easy. Various mobile applications are being launched; it is very easy to start investing in bitcoin in these applications. Even a user can make transactions using cryptocurrencies through it. 

Conclusion

Here we have discussed the anonymity of the bitcoin owner. We have discussed all the possible factors that might be possible for the anonymity of the cryptocurrency owner. Maybe there would be another reason. But these all are the possible reasons for the anonymity of the owner.