Bitcoin price drops amid fears that Satoshi Nakamoto will move his coins
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Answer Bitcoin price drops amid fears that Satoshi Nakamoto will move his coins
Bitcoin tumbled about $300 in the last 30 minutes after news broke that one of the Bitcoin miners had moved in 2009.
Fear and anxiety afflicted Bitcoin traders and investors, fearing the return of “Satoshi Nakamoto,” the founder of Bitcoin.
But it appears that there is no need for that.
As early as today, 50 bitcoins mined in the first month of bitcoin’s origin were transferred, meaning in early 2009, which made concerns and fears grow that the inventor of bitcoin has returned, and the price of bitcoin quickly fell from $ 9,768 to $ 9,479.
As for the widespread fears, it was caused by the fact that Bitcoin metal at that time (early 2009) did not know the process of its mining except for “Satoshi Nakamoto”, which means that it was suggested that these coins belong to him.
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While it is unconfirmed that these 50 bitcoins are not necessarily Satoshi Nakamoto and not like the first bitcoin mined which is still intact in Satoshi’s wallet without any movement.
For now, there is still debate about the wallet and its owner, as speculation has grown rapidly on Twitter.
Wrote Analyst Joseph Young comments on the 50 Bitcoin move:
These coins are only one month old from the first Bitcoin block.
There are not many people who can do this, and they are probably close to Satoshi.
The “WhaleAlert” account, which is famous for tracking cryptocurrency transactions, wrote:
40 bitcoins, or about $391,055, were transferred from a possible “Satoshi” wallet (inactive since 2009) to an unknown wallet.
The founder and CEO of Binance also interacted and commented sarcastically:
Shit, Satoshi Nakamoto shouldn’t have refused KYC on Binance today (joking).
Damn, he shouldn’t have refused that Satoshi Nakamoto KYC binance today. (Flirting)
Welcome back, Satoshi! Or who is the OG.Tweet embed Who was mining at the time? You probably know them all, right?
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– CZ Binance 🔶🔶🔶 (cz_binance) May 20, 2020
Although many analysts in the crypto space were quick to deny that the wallet is owned by Satoshi Nakamoto, that didn’t stop the Bitcoin price from plummeting.
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What if Satoshi Nakamoto decides to make a comeback?
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