Bitcoin conspiracy theory is on a daily rise.
Since the introduction of Bitcoin into the market, a lot of rumors and conspiracy theory has been written and speculated around Bitcoin. Some said “It is dead on arrival,” others said “it is the next big thing” and some enthusiast refers to it as the “Eight wonder of the world.” A lot of things remain a mystery to the world as regards the coin.
The inventor of the coin remains an anonymous figure, maybe if known a lot of questions begging for answers would have been asked a long time ago. A lot of conspiracy theories have been on the internet over the last few years some seems credible and some not.
- MAJOR GOVERNMENTS PARTAKE IN BITCOIN “ARMS” RACE
An interesting conspiracy theory showed up in several cryptocurrency related forums and blogs back in Q4 of 2013. The idea is built around the fact that major economic power of the world like China, United States of America, and the UK are buying a large amount of Bitcoin. Taking a clue at the way countries are trying to crack down on the use of Bitcoin. The theory seems incorrect; no one fights against a system they benefit. It is also possible that government officials who have insider knowledge could tell people to look the other way while they scoop up cheap coins. Although this theory has never been proven, it is somewhat plausible.
- BITCOIN IS PROJECT BACKED BY NSA
One of the most popular conspiracy theory that is widely circulated in the crypto sphere is the idea that bitcoin was created by NSA as an experiment. The inventor Nakamoto Satoshi who is widely speculated to be a Japanese investor, although remain anonymous till date is rumored to a top NSA’s top-secret cryptocurrency project. The coin is thought to be less secure than people thought.
- CHINESE GOVERNMENT INVENTED BITCOIN
There is a wide believed conspiracy theory that the Chinese government invented Bitcoin. They might have created the coin in other to substitute the reliance on US dollar. The theory might also be false in some aspect bearing in mind that some months ago, the Chinese government did a crackdown on ICOs in the country and are thought to be working on their digital payment system.
- SATOSHI NAKAMOTO IS AN AI
There could be a perfect reason as to why no one has “unmasked” Satoshi Nakamoto and disclose his true identity. Despite the numerous underground investigation that has taken place over the years, it is possible Satoshi Nakamoto is not a human. A lot of people speculate the name is a pseudonym for an artificial intelligence created by some governmental organization linked to either the American or Chinese government. This theory is one of the theories that are “far out there,” although it sparks some interesting discussions along the way.
- BITCOIN IS SYNONYMOUS WITH MARK OF THE BEAST
Some religious fanatics have been referring to Revelations 13:17 where the mark of the beast was mentioned to make a purchase and have argued that Bitcoin is the mark of the beast spoken about in the bible. Due to the society moving towards a cashless society.