In a series of emails between pseudonymous Bitcoin creator, Satoshi Nakamoto and Finnish computer scientist and software developer, Martti Malmi, Nakamoto debunks the notion of Bitcoin being a form of investment. The Bitcoin founder has cautioned against the identification, emphasizing the risks associated with categorizing the cryptocurrency as an investment vehicle. 

Bitcoin Is Not An Investment

On Friday, February 23, Malmi published 120 pages of email correspondence between himself and Nakamoto, dating back from 2009 to 2011. The email revealed detailed information on Bitcoin’s early developmental stages, stretching back to the time before the word “cryptocurrency” gained widespread acceptance. 

In their email exchange, Malmi extended an offer to contribute his technical expertise to help support the growth and development of Bitcoin. In response, Nakamoto had requested the Finish computer scientist to provide detailed Frequently Asked Questions (FAQs), describing Bitcoin’s intricacies, functionality, and potential use cases. 

Addressing why people should use Bitcoin in the FAQ, Malmi emphasized Bitcoin’s profitability, stating that the cryptocurrency is likely to increase in value as its economy gains more prominence. The software developer had urged  individuals to “consider Bitcoin an investment and start running a node,” immediately. 

Bitcoin slightly above the $51K level today. Chart: TradingView.com

Commenting on the statement, Nakamoto expressed unease

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Author: Scott Matherson

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