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Cryptocurrency analytics firm Alphractal has revealed an intriguing pattern in its latest report: Increases in Wikipedia page views for “Satoshi Nakamoto” and other dubious candidates often coincide with Bitcoin’s price rallies.
The report reveals that during the Bitcoin bull rally, pages of people commonly associated with Satoshi Nakamoto, such as Hal Finney, Nick Szabo, and Dorian Nakamoto, experienced a significant increase in traffic.
Alphractal’s analysis shows that Satoshi Nakamoto’s official Wikipedia page saw dramatic increases in views during certain periods of the Bitcoin price frenzy. Interestingly, the most significant increases occurred in October 2017, October 2020, and October 2024, coinciding with major turning points in Bitcoin’s price history.
Graph showing the correlation between searches for Satoshi’s identity and the price of Bitcoin.
The timing of these spikes may not be random. Bitcoin’s whitepaper was published on October 31, 2008, marking the birth of the crypto revolution. The report suggests that October had a symbolic resonance for the Bitcoin community, increasing interest in Satoshi’s identity as the market heated up.
*This is not investment advice.
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