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Bitcoin Steady Near $78K as Community Rebuts Jiang's CIA Theory

Bitcoin trades stably around $77,800 with no market reaction to Professor Jiang Xueqin's viral claim that it's a CIA operation designed for surveillance. The Beijing commentator's April 15 podcast remarks revived Satoshi Nakamoto origin conspiracies, but crypto voices quickly dismantled the theory citing Bitcoin's open-source, decentralized nature. Market internals like spot prices, funding rates, open interest, and exchange flows show zero dislocation. Satoshi's estimated 1.1 million BTC ($86 billion) remain dormant since 2011. Watch those metrics if the narrative gains mainstream traction.

Category

Bitcoin

Sentiment

Neutral

Event

Market commentary

Reading time

1 min