Was it the Chinese or your local power company? Top 5 bizarre conspiracy theories about cryptocurrencies

Cryptocurrency is not the most accessible topic. To many people, it seems mysterious and incomprehensible. Naturally, many conspiracy theories spring up because of this. Let’s talk about some of the most interesting (or maybe accurate?).

The Rothschilds invented Bitcoin to hide their money

The authors of this theory are sure that the famous clan needs digital assets to hide their significant capital.

The fact is that the Rothschilds are one of the most famous family clans on the planet. This family is wealthy. They own numerous financial and banking shares. The Rothschilds are not public people; we know little about their life. How much money the Rothschilds have in total, no one knows for sure. According to some reports, their fortune is more than $450 billion. But, at the same time, there are not many family members on the Forbes list.

According to the authors of the theory, the Rothschilds turned to cryptocurrencies to safely hide money. They allegedly do this because of the will left by the head of the family who ordered the heirs to hide their fortune.

A woman created Bitcoin. Or maybe an AI

According to official sources, Satoshi Nakamoto created Bitcoin. But nobody knows the real name of the person or persons behind the pseudonym. This is just how the first-ever text about Bitcoin was signed.

Many have tried to find Satoshi Nakamoto. People tried to hack into his account; some claimed that they were Satoshi Nakamoto. But still, no one knows who he is. He never spoke at conferences or gave interviews.

Because of this, a lot of conspiracy theories have arisen. Some are sure that Satoshi Nakamoto is not one person but a whole group of specialists. Some think that Satoshi is, in fact, a woman who was forced to hide her name.

Many have gone even further — they believe that Nakamoto is a robot. Or a representative of a foreign civilization. Or artificial intelligence. Choose the version that suits you best.

Bitcoin was invented by the Chinese or Russians to destroy the dollar

Everything is simple here. The US, China, and Russia are constantly competing. The dollar is one of the world’s most popular and influential currencies. Fans of conspiracy theories believe that the invention of cryptocurrencies is just an attempt to weaken it.

Everything looks logical. China or Russia (or both) invented Bitcoin and are secretly promoting it. Thus the dollar becomes weaker, and America loses its influence.

In doing so, the actual owners of Bitcoin gain more political power.

Electricity providers invented Bitcoin

That’s right, the companies that produce and sell electricity. The fact is that cryptocurrency mining requires a lot of electricity. When cryptocurrencies became popular, people started to build farms to mine them. It increased the demand for electricity; the prices also began to rise.

The authors of this theory are also sure that electricity sellers need Bitcoin to support traditional forms of energy. And to prevent the world from becoming greener and environmentally friendly.

Governments invented Bitcoin to control the world

Another crypto theory says that the world leaders secretly created Bitcoin. The point, of course, is — they want to control humanity. They only pretended that the cryptocurrency was anonymous. They convinced everyone that cryptocurrencies are secret and no one could access the data. And people believe in it.

Supporters of the theory are sure that world leaders can see everything that happens on the blockchain. But they will only announce it when everyone is already using cryptocurrencies. And then most of humanity will be under their control. And there’s nothing you can do to stop this.