Bitcoin’s Founder Deserves a Nobel Prize in Economics, Says Michael Saylor

Michael Saylor is the founder and CEO of a business strategy company, MicroStrategy. He is an ardent advocate of the retail and commercial adoption of cryptocurrencies. He has started an initiative to spread awareness about Bitcoin investment and make the knowledge of Bitcoin known to as many people as possible.

A few weeks ago, he introduced the idea that Satoshi Nakamoto, the mysterious founder of Bitcoin, should be nominated for the Nobel Prize. Saylor took to Twitter to claim that the unknown Bitcoin founder not only qualifies for a Nobel Prize in the field of economics but also deserves to claim Nobel Peace Prize. He claimed that most of the fiat adoption has a history of violence; however, cryptocurrencies have been adopted worldwide without the need for enticing war or terror.

The idea of cryptocurrencies is to direct the world out of the bounds of traditional financial practices. The main concept of DeFi or decentralized finance is to empower the common man and allow them to establish a financial ledger without the need for any centralized authority. The same conventional regulations can come in the way of Satoshi Nakamoto securing a Nobel Prize.

Satoshi Nakamoto is still Unknown

Since Nakamoto has chosen to remain in the shadows, he can’t deliver his speech within six months of receiving his award. Furthermore, the award of 9 million SEK will not be possible to grant since the physical whereabouts of Satoshi Nakamoto are unknown. For the nomination, the recipient has to be alive, and after 12 years of introducing Bitcoin, no one knows where and how the founder is.

It is not a hidden fact that many governments and successful institutions have been taking a keen interest in Bitcoin. Many experts claim that Bitcoin is a revolutionary innovation that can change the course of business, finance, commerce, and monetary conduct forever. Within a decade of its introduction, the cryptocurrency is already a $2 trillion industry.

On the other hand, centralized enterprises are also planning to adopt the underlying technology and use it to their advantage. Many central banks are working on CBDC or Central Bank Digital Currency under their jurisdictions. The grant of the Noble Prize can act as a vote of confidence from academics and intellectuals and help in accelerating the process of global crypto adoption.

Leave a Reply

Your email address will not be published.