"Nakamoto's selling his Bitcoins could destabilize the market"

The crypto exchange Coinbase, which applied for the public offering last week, evaluated the mysterious creator of Bitcoin as a risk to the crypto money market in its application documents. 

Statements by Tesla boss Elon Musk for the cryptocurrency market are identified as a risk factor, the publicly listed crypto exchange Coinbase has identified Bitcoin's mysterious creator Satoshi Nakamoto as a risk factor. 

The emergence of the mysterious creator in the IPO implementation documents indicated that Bitcoin prices could go down. In addition, Nakamoto's disposal of his Bitcoin portfolio, which is estimated to be over 1 million, was also stated as a risk factor in the documents.

There was also a warning that the mysterious creator's removal of Bitcoins could destabilize the market. Nakamoto's Bitcoins are calculated to make up 5 percent of the market.

Coinbase plans to go public Coinbase Global Inc. announced that it has filed its IPO application to the SEC. Coinbase came out of the Tiger Global Management-led funding round in 2018 with a valuation of over $ 8 billion. The company, which started operations in 2012, has raised over $ 500 million on this tour. 

Coinbase states that it has more than 100 coins, more than 35 million approved users, and its amount on the platform is over $ 25 billion. MultiCoin Capital founder Kyle Samani said your IPO is "a big deal" for the industry.

Samani, who is also a Coinbase Investor, noted that the IPO "will offer investors a way to invest in the crypto industry without investing in a particular asset."