The two Most Dangerous Men in the Bitcoin World

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NUMBER ONE:  Michael Saylor

Now I don’t know much about sorcery, but I do know this: if a man in a fine suit tells you he can turn your paper into gold, you best check your pockets before he disappears in a puff of logic. We’ve seen snake oil salesmen, dot-com dreamers, housing hucksters, and crypto cultists—but none quite like Michael Saylor. He ain’t selling stock. He’s selling belief. And the way Wall Street’s buying it, you’d think faith finally got listed on the NASDAQ.


The Rise and Reinvention of a Fallen Billionaire

Michael Saylor’s story reads like the financial equivalent of Icarus—with a twist. After soaring during the dot-com boom, he crashed hard when the SEC accused his company, MicroStrategy, of inflating revenue. He lost billions in days. But unlike most tech titans who vanished into TED Talks and meditation retreats, Saylor stayed. He waited. He watched. And then he did something nobody saw coming.

In 2020, as the world drowned in pandemic panic and stimulus checks, Saylor took MicroStrategy’s spare cash—$250 million of it—and bet it all on Bitcoin. That wasn’t the end. It was the beginning of a new identity. He wasn’t just buying crypto—he was building a machine.

By 2025, MicroStrategy—now simply called Strategy—held over 550,000 Bitcoin. That’s more than 1% of all the Bitcoin that will ever exist. More than the United States, China, or any government on earth. As of this writing, their holdings exceed $50 billion. And yet the company’s market cap has ballooned to over $100 billion—twice what its Bitcoin is worth.

Why? Because Strategy isn’t a software firm anymore. It’s a belief engine.


How the Machine Works: Reflexivity and Risk

Saylor’s system runs on a concept called reflexivity—a feedback loop where rising Bitcoin prices fuel rising stock prices, which allow him to raise more capital, buy more Bitcoin, and do it all again. It’s like spinning straw into gold—until the belief falters.

He funds this loop with convertible debt—bonds that can turn into shares if the stock price rises high enough. If it doesn’t, they stay bonds, and the debt accumulates. Right now, Strategy holds over $8.2 billion in such obligations, much of it raised at 0% interest.

It’s leverage disguised as genius.

And genius is a fragile thing.

Because if Bitcoin stalls—or worse, drops—the feedback loop reverses. The premium evaporates. The debt doesn’t convert. And to repay it, Strategy might have to do the one thing Saylor swore he’d never do:

Sell.

And if the biggest Bitcoin evangelist becomes a forced seller? That’s not just a financial event. That’s a psychological earthquake. The myth dies. The story breaks. And with it, potentially, the whole market.


Why It Matters

Michael Saylor isn’t running a company. He’s running a narrative. And for now, it’s working. Traditional investors are buying in—some through the backdoor via convertible bonds, others directly into the stock—chasing yield, momentum, or just the dream that this time, the system really has changed.

But it hasn’t. Not really.

Underneath the orange logo and the Twitter threads lies the same old truth: when a financial model depends entirely on sentiment, it doesn’t bend. It snaps. And the louder the belief, the harder the fall.

Whether Saylor’s creation becomes the Amazon of Bitcoin or the next FTX, one thing is certain—he’s changed the game. Maybe forever.

They say history repeats itself—first as tragedy, then as farce. But on Wall Street, it often comes back dressed up as a genius with a PowerPoint and a plan. Michael Saylor may very well be the next Rockefeller. Or he may be the next cautionary tale told in business schools under the chapter titled “When Belief Becomes a Liability.” Either way, he’s no longer just playing the game. He is the game.

So the next time you see a stock doubling just because the man behind it said the word “Bitcoin” with conviction, ask yourself: Is this brilliance? Or is this belief in costume?

And remember—when belief is the product, the selloff is the punchline.


NUMBER TWO:  Satoshi Nakamoto – identity unknow.

When the devil can’t be found in the details, it’s because he wrote the code and walked away. Somewhere out there—maybe in a coffee shop, maybe six feet under, or maybe never at all—Satoshi Nakamoto pulled off the greatest disappearing act since Houdini. He built a trillion-dollar beast from ones and zeroes, then vanished, leaving bankers confused, governments nervous, and believers certain they’d met the ghost of the future. The identity of Satoshi Nakamoto, the mysterious creator of Bitcoin, still remains unknown—and it’s one of the greatest mysteries in modern tech and finance.


🧑‍💻 What We Know About Satoshi Nakamoto

▪️ The Name “Satoshi Nakamoto” is a pseudonym.

  • It could represent a single person, a group of developers, or even a government entity—no one knows for sure.

The Contributions

  • Authored the Bitcoin whitepaper on October 31, 2008.

  • Released the first version of the Bitcoin software in January 2009.

  • Mined the Genesis Block of Bitcoin (Block #0).

  • Communicated mostly via emails and online forums, especially the BitcoinTalk forum.

Disappearance

  • Around late 2010, Satoshi began stepping away from the project.

  • Last known message: April 2011, in an email to a developer:

    “I’ve moved on to other things.”

  • Never appeared again publicly.


🧩 Clues and Theories

✅ Confirmed Facts

  • Wrote with perfect English, possibly British-style spelling.

  • Operated mostly during UK working hours, not U.S. or Japanese time zones.

  • Is believed to have mined around 1 million BTC early on (worth ~$100 billion today).

🔍 Most Popular Theories

Name Details
Hal Finney Early Bitcoin developer, received first BTC transaction, lived near “Dorian Nakamoto”
Nick Szabo Creator of “bit gold”, a Bitcoin-like precursor. Strong writing similarities.
Craig Wright Australian businessman who claims to be Satoshi—but widely discredited.
Adam Back Creator of Hashcash, cited in Bitcoin whitepaper. Denies being Satoshi.
Dorian Nakamoto A Japanese-American man falsely “outed” by Newsweek in 2014.

🕵️‍♂️ What Most Experts Think

  • Likely a small group of highly skilled developers with expertise in:

    • Cryptography

    • Economics

    • Peer-to-peer networking

  • Purposefully remained anonymous to keep Bitcoin decentralized and leaderless.


🧨 Why It Matters (and Doesn’t)

🔒 Why Satoshi Stayed Anonymous

  • Legal risks: Creating a currency could be seen as a threat to national sovereignty.

  • Ideological: Bitcoin was meant to be decentralized—no founder, no single point of failure.

  • Safety: Whoever holds Satoshi’s 1M BTC wallet is a massive target.

🧠 Why the Mystery Adds Power

  • No central authority = no one to subpoena, bribe, kill, or corrupt.

  • Satoshi’s silence has made Bitcoin truly global, leaderless, and antifragile.


The world’s most valuable decentralized asset was created by someone who vanished without a trace…
That’s not a bug. That might be the greatest feature of all.


🕵️‍♂️ Satoshi Nakamoto: The Deepest Mystery in Tech – Conspiracy Deep Dive

Bitcoin wasn’t born in a vacuum—it emerged right after the 2008 financial crisis, during a time of public distrust in governments and banks. A digital money system that nobody controlled and nobody could stop was either an act of revolutionary genius—or something else entirely.

Let’s explore the three big categories of Satoshi conspiracies:


🧠 1. The Genius Developer (One Man Revolution)

Theory: Satoshi was a lone genius or a small team of libertarian cryptographers.

  • Likely candidates: Hal Finney, Nick Szabo, Adam Back, Wei Dai.

  • Supporters argue: The original codebase was tight, the whitepaper elegant, and the ideals coherent.

  • Problem: Even the best coders rarely excel in cryptography, network architecture, and monetary theory simultaneously.

👁️‍🗨️ Suspicious point: Could one person really build something this bulletproof and disappear so cleanly?


🏛️ 2. The Government Project

Theory: Bitcoin was a black project—an NSA, CIA, or MI6 creation.

  • Purpose: To track all money, destabilize other currencies, or test decentralized trustless systems.

  • Evidence cited:

    • SHA-256 (the hashing algorithm used in Bitcoin) was developed by the NSA.

    • Bitcoin solves trust—but what if that solution was designed to observe us trusting?

    • The timing after the 2008 crash suggests it may have been a tool to create a new financial testbed outside of mainstream banking.

    • No one has spent Satoshi’s 1 million BTC—the hallmark of a controlled reserve?

👁️‍🗨️ Suspicious point: If a shadow entity created Bitcoin, they now have access to a system that rivals gold in value and usage—and they can observe without touching it.


🧑‍🚀 3. The Alien / AI Theory

Theory: This one gets wild. Some claim Bitcoin’s origin may be non-human.

  • Bitcoin is too elegant, too decentralized, and has no bugs in the core protocol. Was it seeded by an AI, or as a test of humanity?

  • Others connect this to the “Fermi paradox”: Bitcoin might be an interstellar value system, left to bootstrap advanced civilizations.

👁️‍🗨️ Suspicious point: Everything Satoshi touched was surgical, like code from a higher intelligence. Human fingerprints? None.


👁️ The Common Thread: Silence Is Power

Whatever theory you prefer, one fact holds:

Satoshi never spent their ~1 million BTC.

At today’s prices, that’s over $100 billion.

No flaunting. No movement. No slip-ups. That’s not just discipline—that’s deliberate design.


🕰️ Satoshi Nakamoto Timeline – Communications & Milestones

Date Event
Oct 31, 2008 Bitcoin whitepaper published to the Cryptography Mailing List
Jan 3, 2009 Genesis Block mined (includes message: “The Times 03/Jan/2009…”)
Jan 12, 2009 First Bitcoin transaction (10 BTC from Satoshi to Hal Finney)
2009–2010 Satoshi actively develops Bitcoin, communicates via forums and email
Dec 12, 2010 Last known post on BitcoinTalk.org: regarding DoS prevention
April 26, 2011 Final confirmed email to developer Mike Hearn:

“I’ve moved on to other things.” |
| 2014 | Newsweek falsely claims “Dorian Nakamoto” is Satoshi |
| 2015–Present | Various people (e.g., Craig Wright) claim to be Satoshi—none credibly |
| To This Day | No BTC linked to Satoshi’s known wallets has ever moved or been spent |


🧠 Final Thoughts: What If… Belief Was the Point?

 

Bitcoin is a system of math and belief. Satoshi disappearing wasn’t just an exit—it was a design feature. By removing the creator, they removed the single point of failure. And in doing so, they created something rare: a truly decentralized revolution.

Maybe Satoshi was one man.
Maybe a group.
Maybe a government.
Maybe an alien.

But whoever—or whatever—they were, they gave the world a weapon against monetary control
…and then they vanished.

And that’s how legends are made.


EXTRA CREDIT: A brief history of Bitcoin followed by a price timeline with major milestones.


📜 The History of Bitcoin

🔹 2008 – The Genesis

  • October 31, 2008: A person or group using the pseudonym Satoshi Nakamoto published the Bitcoin whitepaper:
    “Bitcoin: A Peer-to-Peer Electronic Cash System.”
  • It proposed a decentralized digital currency using blockchain, avoiding traditional financial institutions.

🔹 2009 – The Birth

  • January 3, 2009: The Bitcoin network launches with the Genesis Block (Block #0).
  • Embedded in it: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”—a protest against fiat money systems.

🔹 2010 – The First Real Transaction

  • May 22, 2010: Laszlo Hanyecz buys two pizzas for 10,000 BTC.
    Today, it’s celebrated as Bitcoin Pizza Day.
  • First known market price: ~$0.003 per BTC.

🔹 2011–2013 – Growing Pains

  • Other cryptocurrencies begin to appear.
  • Bitcoin gains attention among technologists and libertarians.
  • 2011: Reaches parity with the US dollar (~$1).
  • Silk Road, an online black market using BTC, accelerates Bitcoin’s infamy.

🔹 2013 – First Big Spike

  • Bitcoin hits $1,000 in November.
  • But crashes quickly due to exchange shutdowns and regulatory uncertainty.

🔹 2014–2016 – The Crash and Rebuild

  • Mt. Gox, the largest exchange, collapses after a massive hack.
  • BTC stays mostly below $1,000.
  • Development continues quietly with the rise of wallets, hardware security, and growing merchant adoption.

🔹 2017 – Mainstream Mania

  • Bitcoin hits $10,000 in November, driven by retail investors.
  • December 2017: Peaks near $19,783, then crashes hard in 2018.

🔹 2018–2019 – Crypto Winter

  • Prices tumble below $4,000.
  • ICO scams and regulation crackdown.
  • Institutional interest starts to brew behind the scenes (e.g., CME futures).

🔹 2020–2021 – Institutional Adoption & All-Time Highs

  • COVID-19 and money printing drive renewed interest.
  • Tesla, Square, and MicroStrategy announce BTC buys.
  • October 2021: First Bitcoin Futures ETF (ProShares) launches.
  • November 2021: All-time high near $68,990.

🔹 2022 – The Crash Again

  • Luna, Celsius, Voyager, and finally FTX collapse.
  • Price drops below $16,000 by the end of the year.

🔹 2023–2024 – Recovery & ETFs

  • Bitcoin rebounds on ETF optimism.
  • January 2024: The first U.S. spot Bitcoin ETFs approved.
  • Price crosses $45,000, then $60,000, leading to renewed institutional interest.

🔹 2025 – Where We Are Now

  • As of August 2025, Bitcoin trades around $100,000, driven by ETF flows, institutional interest, and the belief in Bitcoin as “digital gold.”

📈 Bitcoin Price Timeline (Key Dates & Values)

Date Price (USD) Event / Milestone
Jan 2009 $0.00 Genesis Block
Oct 2009 ~$0.0007 First exchange rate published
May 2010 $0.01 First real-world transaction (10,000 BTC = 2 pizzas)
Feb 2011 $1.00 Bitcoin reaches parity with USD
Jun 2011 $31.00 First major bubble, followed by crash
Nov 2013 $1,000 Hits $1k, then crashes after China bans exchanges
Dec 2017 $19,783 First all-time high, mania phase
Dec 2018 ~$3,200 End of crypto winter
Dec 2020 $28,000 Institutional adoption begins
Apr 2021 $64,000 Coinbase IPO, Tesla buys BTC
Nov 2021 $68,990 (ATH) Peak of the 2021 bull run
Nov 2022 ~$15,500 Post-FTX collapse low
Jan 2024 ~$45,000 Spot ETF approvals
Apr 2025 ~$75,000 Saylor’s strategy in full motion
Aug 2025 ~$100,000 Current level (estimated)

 

 


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