Lawyer Sues DHS to Unmask Bitcoin Creator Satoshi Nakamoto
Cryptocurrency lawyer James Murphy has initiated legal action against the U.S. Department of Homeland Security (DHS), demanding the agency disclose the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto. Murphy’s lawsuit hinges on a 2019 statement by DHS Special Agent Rana Saoud, who claimed the agency had identified and interviewed the individuals behind Bitcoin. This development reignites the long-standing mystery surrounding Nakamoto’s true identity and raises questions about government transparency in the cryptocurrency space.
James Murphy Sues DHS to Reveal Satoshi Nakamoto’s Identity
Cryptocurrency lawyer James Murphy has filed a lawsuit against the Department of Homeland Security (DHS), claiming that the agency knows the identity of Bitcoin creator Satoshi Nakamoto and should release this information to the public. Murphy based his lawsuit on comments made by DHS Special Agent Rana Saoud at a conference in 2019, where she revealed that her agency had identified and interviewed the people behind Bitcoin. Murphy had initially filed a Freedom of Information Act (FOIA) request for this information in February, but it was denied. The lawsuit aims to force the DHS to share what it knows about the mysterious creator of Bitcoin.
Bitcoin Price Target Remains $200,000 Despite Tariff-Driven Uncertainty
The cryptocurrency market is facing geopolitical tensions and trade policy changes, which have impacted Bitcoin’s price. Despite this, Bitwise’s Chief Investment Officer Matt Hougan has stated that the firm’s year-end price target for Bitcoin remains unchanged at $200,000. Hougan believes that the trade policies implemented by the White House could potentially benefit Bitcoin and the broader crypto market.
Cardano Founder Predicts Bitcoin Could Reach $250,000
Cardano Founder Charles Hoskinson predicts that Bitcoin could hit $250,000 by the end of this year or in 2026. This prediction comes as the crypto market recovers from recent lows caused by U.S. President Donald Trump’s trade tariffs and global economic concerns. Hoskinson attributes this potential growth to the increasing interest from large technology firms such as Apple and Microsoft in exploring Bitcoin and stablecoins for cross-border payments and employee compensation.
Bitcoin Slips Despite Tariff Pause; Stock Market Crash Resumes
Bitcoin and stocks fell sharply after a brief rally on Wall Street, with traders now pricing in the risk of a global recession. On Thursday, April 10, the S&P 500 declined by 4.31%, the Dow Jones dropped 3.23%, and the Nasdaq fell 4.66%. The declines came despite a 90-day pause on US tariffs announced by Donald Trump, which had initially driven a significant rally in the markets. However, reality soon set in, and the market narrative shifted towards recession fears, impacting both stocks and crypto markets. Bitcoin (BTC) was among the cryptocurrencies that declined during the trading day.
Will Bitcoin Hold the Line? Realized Price Becomes Key Battleground
Bitcoin is currently trading at $82,163, just above its 2-Year Realized Price, a key psychological support level. The pullback from $109,114 to the current price aligns with historic bull market corrections, according to crypto analysts. Despite global economic headwinds, Bitwise still expects Bitcoin to hit $200,000 by the end of the year. Bitcoin’s spot price is NEAR this critical level, which could decide its future trajectory. The 2-Year Realized Price is a crucial marker based on blockchain data, reflecting the average acquisition cost of coins moved on the blockchain over the past two years. Since October 2023, Bitcoin has held above this line, indicating continued investor conviction.
