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Bitcoin collapses due to fear of Satoshi Nakamoto’s shadow

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Satoshi Nakamoto goes public and denies he’s bitcoin founder

Bitcoin collapses due to fear of Satoshi Nakamoto's shadow

Bitcoin collapses due to fear of Satoshi Nakamoto’s shadow
CONTENT

  • Today bitcoins mined in 2009 for the first time came into motion.

  • The identity of the owner of the coins is unknown.

  • Bitcoin’s sharp drawdown indicates that, according to investors, Satoshi Nakamoto himself may be the owner.

International consortium of news organizations developing transparency standards.

The bitcoin rate just fell after the news that bitcoins mined back in 2009 have unexpectedly come into play. The crypto community fears that Satoshi Nakamoto himself did itIn 2009, someone (one person or a group of developers), hiding under the pseudonym Satoshi Nakamoto, revolutionized the digital … More.

The bitcoin rate (BTC) has just dropped by $ 200 in less than an hour, marking peak lows below $ 9,500 at the moment. This is how the participants of the cryptoindustry reacted to the news about a transaction involving “historical” BTC, mined back in February 2009.

Bitcoin collapses due to fear of Satoshi Nakamoto's shadow

Is it you Satoshi?

Today, 50 bitcoins, mined at the dawn of the world’s first cryptocurrency, are in motion. At the time of the transaction, their value was about $ 500,000.

The transfer, made between two unknown crypto wallets, immediately gave rise to a wave of speculation that the creator of bitcoin Satoshi Nakamoto, who was one of the first – and few at that time – miners may be behind this transaction..

However, while market participants can confidently say about some wallets that they belong to Satoshi, the status of these addresses is much less clear. Some analysts have already begun to argue that Satoshi is not the owner of this wallet. So, this was announced on Twitter by the veteran of the bitcoin industry WhalePanda (@WhalePanda).

In any case, one of the first miners on the bitcoin network is clearly behind this transfer. It should be remembered that at that time the mining process did not require as impressive computing power as it does now, so the cost of mining 50 bitcoins could be a few cents, and a simple laptop was enough for the miner of that time.

For all the time, this wallet participated in only three transactions, and the first one was made on February 9, 2009, when it received a reward for the mined block. The second and third transactions took place tonight at 40 BTC and 9.99 BTC. As suggested by cryptanalyst I am Nomad (@IamNomad), the smaller transfer was sent to the Coinbase crypto exchange.

Food for fantasy

Despite assurances from analysts that Satoshi had nothing to do with it, market participants began to speculate on this topic, which immediately negatively affected the bitcoin rate. Crypto trader Luke Martin posted on Twitter a minute chart of Bitcoin, reflecting the sharp drawdown of the currency immediately after the news about the wallet waking up after 11 years of hibernation.

Bitcoin collapses due to fear of Satoshi Nakamoto's shadow

Meanwhile, it is worth paying attention to the fact that if the assumption of I am Nomad about transferring to the crypto exchange is correct, then it should be admitted that the mysterious miner, whoever he is, belongs to the camp of bitcoin bulls. He sent only a small part of his coins to the exchange and continued to play the rest.

However, if Satoshi himself is really behind these coins, then there are reasons for concern. With its million-dollar supply of bitcoins, it won’t be difficult to crash the market if you want.

Do you believe that this mysterious wallet really belongs to Satoshi? For what purpose do you think he decided to make these transfers? Share your opinion in the comments!

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