A new hypothesis that connects Jack Dorsey to the pseudonymous creator of Bitcoin has caused a stir in the cryptocurrency community. On February 15th, financial news editor Seán Murray published a comprehensive thread on X (formerly Twitter) in which he compiled what he considered to be evidence that the Twitter co-founder may be Satoshi Nakamoto in secret.
A Series Of Coincidences Or Calculated Clues?
A series of apparent correlations between Dorsey’s life and Bitcoin’s early development are the foundation of Murray’s theory. Dorsey’s mother’s birthday falls on January 11th, which is the date of Bitcoin’s initial transaction, according to his investigation. Satoshi’s final block was mined on March 5th, 2010, which is his father’s birthday.
Murray also observes that Satoshi enrolled on the Bitcoin forum on November 19, which is Jack Dorsey’s birthday. The timestamps on Bitcoin’s original source code consistently display 4 a.m., a time that allegedly appeared in Dorsey’s Twitter profile. These coincidences encompass years of Bitcoin’s early history and Dorsey’s personal timeline.
WHY JACK DORSEY IS SATOSHI NAKAMOTO
Jack Dorsey was:
1 of ~1,300 confirmed cypherpunks in 1996 (his UMR email)
Wore an Adam Back t-shirt in the UMR yearbook
UMR students were called Miners
Was a CompSci & Math major with an interest in crypto
Member of ACM in 1997 to at…
— Seán Murray (@financeguy74) February 15, 2025
Jack Dorsey: The Geographical And Behavioral Connections
The narrative is further complicated by the inclusion of geographical connections. Murray claims that the hacker who allegedly compromised Satoshi’s email in 2014 sought to extort the Bitcoin creator by disclosing information regarding a connection to St. Louis, Missouri, Dorsey’s birthplace.
On January 10, 2009, Satoshi inadvertently logged into Internet Relay Chat, which resulted in the disclosure of an IP address located in California. Dorsey spends a significant amount of time at Twitter’s headquarters in California.
Skepticism Meets Speculation In Crypto Community
Not everyone, meanwhile, is totally convinced. Critics have found many contradictions weakening the hypothesis. Many would find it impossible to believe that Satoshi, the creator of censorship-resistant money, would later monitor Twitter under content moderation policies.
Blockchain researcher Jameson Lopp severely attacked Murray’s strategy, saying publicly accusing someone of being Satoshi “makes you a massive a*shole” since it can threaten the target and their family member. Despite criticism, Murray’s 15-chapter research has attracted a lot of interest.
His work is a continuation of previous endeavors to identify Satoshi, which include hypotheses about Hal Finney, Adam Back, and Nick Szabo. However, none of these theories have yielded definitive evidence.
The Search For Satoshi Continues Amid Ethical Questions
In a 2020 interview with computer scientist Lex Fridman, Dorsey himself addressed the question, stating, “No, and if I were, would I inform you?” This cryptic response has little effect on reducing speculation. Meanwhile, Murray observes that Jack Dorsey has not explicitly responded to his most recent assertions.
The theory arises just four months after HBO’s Cullen Hoback posited that Canadian computer scientist Peter Todd created Bitcoin—a theory that has been widely dismissed by industry experts.
The stakes of this mystery are exceedingly high, with Satoshi’s Bitcoin holdings estimated at approximately 1 million BTC (equivalent to over $96 billion at current prices).
The cryptocurrency community remains captivated by the persistent question of Satoshi’s identity, with each new theory adding another layer to one of the most enduring mysteries in the field of technology.
Featured image from MarketScreener, chart from TradingView
