In a recent tweet, Gabor Gurbacs, a strategic advisor at Tether and VanEck, offered candid insights into the stance of Wall Street institutions regarding Bitcoin. Gurbacs highlighted a stark reality, suggesting that genuine supporters of Bitcoin within Wall Street are few and far between. According to him, the individuals who truly back BTC and believe in its potential to revolutionize money and capital markets are typically found among family offices and discreet billionaires.
Gurbacs echoed sentiments expressed by X user @MrHodl, underscoring the significance of Satoshi Nakamoto’s creation and expressing gratitude for the opportunity to accumulate Bitcoin. “Thank Satoshi,” the user emphasized, reflecting on the scarcity of genuine Bitcoin supporters within Wall Street. Gurbacs concurred, suggesting that if mainstream finance fully grasped the significance of Bitcoin, opportunities for stacking sats (small units of Bitcoin) would be considerably diminished.
Meanwhile, Ripple CTO David Schwartz once again denied speculation linking him to the enigmatic figure of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Schwartz acknowledged possessing the requisite coding skills to fulfill the role of Satoshi but clarified that he lacks familiarity with Qt, a cross-platform framework utilized in Bitcoin’s development. Despite acknowledging the plausibility of the theory, Schwartz maintained that he is not Satoshi Nakamoto nor part of the team behind the creation of Bitcoin.
Bitcoin’s inception in 2009 marked the genesis of a transformative journey in the world of finance, with Satoshi Nakamoto’s identity remaining shrouded in mystery. Following Nakamoto’s departure from the public eye in 2010, prominent figures such as Hal Finney and Gavin Andresen assumed stewardship of the burgeoning cryptocurrency. Subsequent developments saw the emergence of alternative cryptocurrencies, including XRPL (2011), Litecoin (launched by Charlie Lee in 2011), and Dogecoin (launched by Jackson Palmer and Billy Markus in 2013), each contributing to the diversification of the digital asset landscape.
