The founder of the world's largest cryptocurrency, Bitcoin, is social media platform X's founder, Jack Dorsey. This claim has been made by fintech news channel, De-Banked, editor in chief, Sean Murray. According to Murray, there are a lot of co-incidences between Dorsey's past actions and development timeline of Bitcoin. Who created Bitcoin? The world has not been able to find out yet! Therefore, the world gave its mystic maker a fictional name of 'Satoshi Nakamoto'. But, in real life, there is no person or group by this name. Sean Murray shared an X post titled 'How Jack Dorsey is Satoshi Nakamoto' In a series of posts on X, Murray has shared several facts to prove his point. He mentioned Dorsey's deep interest in cryptography during his university days. And, he also spilled beans on Dorsey's study of cryptographic encryption. Key points of Sean Murray's research: Who is Satoshi Nakamoto? No one knows who Satoshi Nakamoto is or where he lives. On October 31, 2008, this anonymous person sent a 9-page document to a group involved in cryptography. Detailed information about electronic cash named Bitcoin was provided. At that time, people were not concerned regarding Nakamoto's identity. Initially, most people in this group were confused about the idea of Bitcoin. According to reports, even now renowned cryptographers and developers like Hal Finney, Nick Szabo, David Chaum, and Wei Dai were not successful in developing an electronic version of cash at that time. No news about Satoshi Nakamoto after 2011 Since 2011, nothing has been heard about Nakamoto, but the impact of this name, is still quite significant today. Nakamoto's Bitcoin wallet contains more than 1 million Bitcoins, with a current value of approximately ₹84.47 lakh crore. What is Cryptocurrency? Cryptocurrency is a method of online payment. It is used to make payments for goods and services. Cryptocurrency is a network-based digital currency. It can be issued by a company or an individual in the form of tokens. It cannot be controlled like the currency of any country. Its entire operation is online, which causes fluctuations in it. The world's first cryptocurrency, Bitcoin, was released in 2009. Bitcoin doubled in one year In the past one year, the value of Bitcoin has increased by more than 95%. A year ago on February 20, 2024, it was ₹43,30,887, which increased to ₹84,47,142 a year later on February 20, 2025. Meanwhile, in the last six months, it has increased by 66.52%, and, this year from January 1 it has increased by 5.36%. 30% tax on earnings from Cryptocurrency in India In India, earnings from cryptocurrency are subject to 30% tax. Additionally, 1% TDS is also applicable on cryptocurrency transactions.
