New Theory: An Estonian Software Team Created Bitcoin in 2007

Estonia Flag with Crypto Bitcoin

A new theory put forth by tech consultant Kimberly Forsythe, suggests that the creator of Bitcoin, Satoshi Nakamoto, might have actually been an Estonian team or a member of that team. The evidence presented to support this theory by the author, although circumstantial, makes a strong case for her claims.

Forsythe bases her claims on a number of factors that all point to the same company: the Estonia-based company Guardtime. Guardtime has been working on blockchain since 2008. That makes them the earliest team of professionals to be working on blockchain. That is also the year that is widely believed to have been when blockchain technology was invented. The theory put forth by Kimberly Forsythe claims that Guardtime or a team associated with the company created Bitcoin.

Bitcoin is the godfather of all cryptocurrencies as we know it. It is the first ever implementation of blockchain technology and it came in the form of a digital currency. However, the creator of Bitcoin never revealed his/her/their identity and is known simply as Satoshi Nakamoto. We don’t even know if Satoshi Nakamoto is a person, a team, a company or a government.

Does Estonian Software Company CEO Is the Mythical Bitcoin Creator?

The article by Forsythe also points to an individual named Mike Gault, who is the CEO of the Estonian software company that’s been working on blockchain for the past 10 years. Gault has a Ph.D. in electronic engineering from the University of Wales and researched quantum devices in Japan early in his career. He also worked as a derivatives trader in Tokyo.

All of the above makes a circumstantial case that Gault might have been Nakamoto since the timings of his work in Japan, the perfect English used in the Bitcoin whitepaper as well as his field of expertise make him the ideal suspect. Nakamoto claims that he started writing code for Bitcoin is 2007. An investigation of internet archives shows that 2007 is also when Guardtime turned on their servers for the first time and started working on blockchain technology.

As cryptocurrencies move into the next phase of their bull-run in the international market, journalists and enthusiasts continue their search for the father of all things crypto. Whether it is Guardtime or Mike Gualt or someone else entirely, it might only be a matter of time before someone succeeds in their investigation and the identity of Satoshi Nakamoto is revealed. What would be interesting to see is how the cryptocurrency markets react to the identity of Satoshi Nakamoto being revealed.

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