Satoshi Nakamoto’s $10,769,000,000 Bitcoin Stash Will Never Move
The crypto market looks pretty green today and Bitcoin is no exception.
The most important coin out there is trading in the green at the moment of writing this article, and the king coin is priced at $9,768.68.
Satoshi will never move his Bitcoin
It’s been revealed that Patoshi Pattern researcher Sergio Lerner believes that Satoshi Nakamoto will never move his 1.1 million BTC stash that’s worth about $10.76 billion.
The Patoshi pattern is exploiting three privacy-related flaws of v.01 – this is an early protocol that pinpoints the blocks that were likely mined by the anonymous Bitcoin creator, according to the reports coming from the online publication the Daily Hodl.
It’s important to note that Lerner’s theory says that a single miner mined 22,000 of the early Bitcoin blocks.
Lerner also says Satoshi was likely mining during the time, and that there’s “evidence that links the Patoshi patterns to Satoshi, based on public information sources and the blockchain.”
More than that, it seems that according to the trends of the pattern, Satoshi will never move his Bitcoin.
“Assuming Satoshi is Patoshi, I believe, based on the past history of Satoshi coins, that Satoshi won’t use his coins ever. Therefore, I think that there couldn’t be a fairer and a more altruistic way for Bitcoin to be born.”
Back in May, crypto transfer tracker Whale Alert triggered massive speculation following the reports that a large BTC transfer from a wallet took place – the wallet was not active for 11 years.
Bitcoin is poised to reach all-time highs this year
The other day, we were reporting about a Bloomberg article that explained how Bitcoin would reach all-time highs this year.
The main technical analysis from Bloomberg Intelligence strategist Mike McGlone brought up BTC’s prior price movements after the first and second halving.
Check out the complete Bloomberg analysis in order to find out more details.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.