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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid ongoing speculation regarding the true identity of Bitcoin's creator, Alex Thorn of Galaxy Research has shared a strong counterargument in the London legal case involving claims over Satoshi Nakamoto's original Bitcoin holdings. According to reports, the legal proceedings aim to establish title over early Bitcoin blocks, a move that carries significant weight for the asset's supply dynamics. This development is crucial as it addresses the legal foundation of the world's largest cryptocurrency and the precedents for digital asset ownership.
These updates emerge as the industry continues to distance itself from previous debunked claims, such as those by Craig Wright, who failed to prove his identity as Satoshi in earlier 2024 rulings. The current arguments presented by Galaxy Research add a layer of technical scrutiny to the litigation process in the UK. Per market data, any legal shift affecting Satoshi’s estimated 1.1 million BTC holdings could trigger massive volatility, as these coins have remained dormant since the network's inception.
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Sign InBitcoin BTC was trading near $64,250 (close June 19, 2026) as market participants weigh the potential impact of the court's final verdict. Looking ahead, traders should monitor the upcoming Lagarde speech on June 15, 2026, and the Bank of Japan's interest rate decision on June 16, 2026. These macro catalysts, combined with the legal uncertainty in London, are expected to dictate the short-term direction of crypto assets.