In a recent podcast, Elon Musk said that programmer and cryptographer Nick Szabo, in his view, had a greater influence on the creation of Bitcoin than anyone else. According to Musk, Szabo is perhaps the person most responsible for the ideas behind Bitcoin.
During the conversation, Musk emphasized that Szabo does not claim to be Satoshi Nakamoto, yet his early research and the Bit Gold project became the theoretical foundation for decentralized digital money. Musk added that, from a technical standpoint, Szabo established key principles that later shaped Bitcoin’s architecture.
Following Musk’s comments, Szabo published a post reflecting on Bitcoin’s long-term trajectory. He compared the asset’s development to a learning curve that continues as more investors recognize its value as a store of wealth.
Szabo noted that Bitcoin’s price behavior resembles the rise of Nasdaq tech stocks during their early adoption phase. According to him, such stages always involve speculation and volatility, but over time Bitcoin keeps advancing along its learning curve, strengthening its position as a reliable asset.
He also pointed to several secondary indicators that reflect macroeconomic forces influencing Bitcoin — including the expansion of global money supply, gold price trends, and real bond yields. Szabo believes these factors will become the dominant drivers of BTC’s price once the cryptocurrency completes its current phase of maturation.
Read also:
- Crypto, Faith, and a Bit of Satoshis: Confessions of an Unrepentant Noob
- U.S. Lawyer Demands Disclosure of Satoshi’s Identity
- Statue of Satoshi Nakamoto Pulled from Lake in Switzerland
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