FameEX Hot Topics | Bitcoin Creator Satoshi Nakamoto Turns 48 Today on Anniversary of FDR's US Gold Ban

April 5 marks an important day in the history of the US monetary system, and it is also the alleged birthday of Satoshi Nakamoto, the creator of Bitcoin. According to Nakamoto's P2P Foundation forum page, the creator was born on April 5, 1975, which would make him 48 years old today. On the Reddit forum r/cryptocurrency, many cryptocurrency proponents discussed the relevance of Nakamoto's alleged birthday and why he may have chosen that specific date. The theory suggests that April 5 was chosen because it was the day when US President Franklin D. Roosevelt confiscated gold from Americans and banned its ownership. The ban on gold ownership in the US wasn't repealed until December 31, 1974, which makes Nakamoto's birth year, 1975, significant.

Many Bitcoin supporters believe that the date Nakamoto chose was for this very reason, and they have been celebrating his alleged birthday for years. They continue to support the gold confiscation theory, and several other theories attached to Nakamoto's pseudonymous identity have emerged over the years. After registering with the P2P Foundation forum, Nakamoto used it to spread the message about Bitcoin's benefits and the latest software. On February 11, 2009, Nakamoto wrote, "I’ve developed a new open-source P2P e-cash system called Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try, or take a look at the screenshots and design paper."

While Nakamoto's identity remains a mystery, his contribution to the world of cryptocurrency cannot be denied. Bitcoin has become a popular alternative to traditional currencies, and its decentralized nature continues to attract new users. Whether or not Nakamoto chose his alleged birthday as a nod to the US gold ban remains a matter of speculation. Nonetheless, it is a reminder of the significance of dates in history and their connection to modern-day events.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.