3 hours ago

Satoshi’s $100B+ dormant Bitcoin stash: What happens if it finally moves

Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.

Bitcoin was created in 2009 by the pseudonymous Satoshi Nakamoto, whose identity remains unknown. Between 2009 and 2011, Satoshi mined an estimated 1.1 million-1.5 million BTC — now worth over $100 billion — which has never been moved.

Satoshi’s massive Bitcoin (BTC) holdings were mined in Bitcoin’s early days, when competition was low and mining was easy. Their long silence has fueled speculation. Some believe the private keys are lost, while others see it as a deliberate decision to uphold Bitcoin’s ideals or avoid market disruption.

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Source: Cointelegraph →