The New York Times' Satoshi Identification Reinforces Crypto's Shift Toward Institutionalization

The pursuit of Satoshi Nakamoto's identity challenges the foundational value of anonymity in crypto. Government pressure and fraud by anonymous operators have decreased pseudonymous participation in the industry. This shift occurs as the crypto sector is now defined by Wall Street and Washington, D.C. backroom deals. The New York Times recently identified Adam Back as Satoshi Nakamoto. Back responded to the identification by participating in a media tour that included CNBC's Squawk Box.