Hoback is either dumb and arrogant or really evil.

He holds both of these ideas at the same time

“This person is potentially on track to become the wealthiest on Earth,”

And at the same time believes exposing this info doesn't pose a significant risk to this person.

Its laughable to think Todd is Satoshi but that doesn't mean Hoback is dumb. He could just be making money off of this stupid theory.