Nakamoto’s vision for Bitcoin: a “version of electronic cash” and not a speculative investment

When the European Central Bank praised its digital euro as a tool solely for payments and not investments, Bitcoin (BTC) had risen to a new all-time high ever since it was first issued at over $69,000. This price rise has meant that most Bitcoin holders are in profit, but has also caused other problems that Satoshi Nakamoto (the alleged person to be responsible for Bitcoin) was avoiding. The acclaimed Bitcoin whitepaper is titled ‘A peer-to-peer electronic cash system’. And recent revelations give us insight into how strong this sentiment was. In a recent court hearing in the UK, Martti Malmi, an early Bitcoin developer, gave a testimony against Dr Craig Wright, who, himself, aspires for the court to declare him as Satoshi Nakamoto, Bitcoin’s proponent. To lend credence to his own testimony, Martti revealed some of his early-day correspondence with Nakamoto. In one of such conversations, Nakamoto allayed his fears about Bitcoin being regarded as an investment vehicle, saying in June 2…