Following the debut of HBO’s documentary “Money Electric: The Bitcoin Enigma” on October 8, economist Peter Schiff expressed his dismay at being left out of the film.
Quest for Satoshi
The documentary raised the possibility that Bitcoin developer Peter Todd could potentially be Satoshi Nakamoto, leading to heated debates.
However, Todd vehemently denied the speculation by stating,
“I am not Satoshi.”
This claim was also refuted by Dogecoin founder Billy Markus, who dismissed the notion on X (formerly Twitter) and remarked,
“Peter Todd is a significant original core developer but not the originator.”
When questioned about his thoughts on the true identity of Nakamoto, Markus suggested,
“Hal Finney and associates.”
Peter Schiff’s Critique of HBO Documentary
Having viewed Cullen Hoback’s documentary and noticed his exclusion as a notable critic of the cryptocurrency market, Schiff expressed his disappointment.
“I just finished watching @CullenHoback’s new #Bitcoin documentary on HBO. As the most prominent Bitcoin critic in the community, my absence was glaring.”
However, in response to Schiff’s statement, Hoback argued,
“We could only include so many Peters! @Nouriel was the main critic. While I interviewed others, Dr. Doom also had past interactions with individuals like @rogerkver. And his interview was quite engaging.”
The discussion quickly evolved as various individuals chimed in, mocking Schiff for considering himself a pivotal figure in the discourse. Indeed, many questioned how a skeptic like him could even be considered for a documentary seeking Nakamoto.
In a swift response to such skepticism, Schiff reiterated his viewpoint with renewed determination. He stated,
Are Schiff’s Assertions Valid?
Undoubtedly, Schiff’s critical stance on Bitcoin is well-known within the crypto community. In a recent debate where Jack Mallers of Strike defended BTC, Schiff endorsed gold by claiming,
“I do not believe BTC meets the criteria for money.”
He further highlighted that Bitcoin lacks the tangible value of gold. According to Schiff, the hype around cryptocurrencies has led investors to overlook gold’s outstanding performance and record highs.
It is noteworthy that, concerning the aforementioned documentary, Polymarket data indicated that more than 95% of individuals believe that Satoshi’s identity will not be revealed in Q4 of this year.