A new HBO documentary has sparked speculation that Peter Todd, an early Bitcoin developer, could be Satoshi Nakamoto, the mysterious creator of Bitcoin. The film builds its case through interviews and various subtle clues, suggesting Todd's potential involvement in Bitcoin's origins. At times, Todd seems to play along with the idea, adding to the intrigue. In the final moments of the documentary, he even responds to a direct question from the director about being Satoshi with, “Well yeah, I’m Satoshi Nakamoto.” After the documentary's release, Todd publicly denied being Satoshi, firmly dismissing the notion online.

Meanwhile, Bitcoin's market performance has been volatile in recent weeks. Since mid-June 2024, the price of Bitcoin has ranged between $66,000 and $53,000, and it’s currently on a downward trend, currently sitting at around $59,000. This decline coincides with increasing uncertainty surrounding the upcoming U.S. presidential election, just a month away, which has created unease in the market. Ethereum is currently trading around $2,300, Solana at $136, and Sui at $1.75, following an attempt to break its all-time high of $2.17 earlier in the week.

Several factors have contributed to the recent volatility in Bitcoin and altcoins. Increased volatility in U.S. Treasury notes has caused risk aversion, benefiting the U.S. dollar and weighing on Bitcoin’s value. The dollar index is expected to rise to 103 by the end of the month, further pressuring risk assets like Bitcoin. Additionally, China's stock market has experienced a sharp decline. The Shanghai Composite Index dropped 4.6% after a highly anticipated announcement on economic stimulus measures failed to meet investor expectations. This decline could reverse capital flows back into regional and crypto markets.

Looking forward, Bernstein analysts have reaffirmed their prediction that Bitcoin could rise to $80,000 to $90,000 if Trump wins the election. If VP Harris were to win, however, the analysts predicted a drop in Bitcoin’s price to $40,000. Altcoins like Ethereum and Solana are expected to remain range-bound, with their future direction dependent on post-election regulatory clarity.

Standard Chartered also predicts significant growth for Solana, expecting its price to surge 5x by the end of 2025 if Trump wins. They predict Ethereum to 4x and Bitcoin to 3x. A Trump presidency is seen as more supportive of the crypto ecosystem, potentially leading to the introduction of a Solana ETF, while a Harris presidency is projected to favor Bitcoin over other tokens.