Someone Just Moved 50 Bitcoins, Prompting Speculations It’s Satoshi Nakamoto

Tyler Hromadka

Source: Adobe/Kevin.

50 bitcoins (BTC) (USD 477,500), minted in the first month of Bitcoin’s presence and unblemished for more than 11 years were moved today, prompting a wave of speculations that Satoshi Nakamoto “has awakened.” Nevertheless, several market players rejected that these coins were moved by Bitcoin’s developer.

Here is the deal:

Nevertheless, Jameson Lopp, CTO at crypto security professional Casa, denied this is Satoshi, stating: “No. Y’all need to up your analysis game.”

@mikehogan_ It’s complex, however in basic there is a pattern of extraNonces coming from an early miner. That mi …

— Jameson Lopp (@lopp)

Bitcoiner and partner at Castle Island Ventures, Nic Carter, also chimed in:

Here’s a visualization of the Patoshi pattern with the block that was just spent. The blocks believed to be Satoshi…

— nic carter (@nic__carter)


At pixel time (15:52 UTC), BTC trades at USD 9,584 and is down by 1% in a day, trimming its weekly gains to less than 5%.

The total number of spent outputs that were created more than 10 years ago:

Source: Glassnode

Other reactions:

It’s the first time since August 2017 than someone spent coins from early 2009.

— Antoine Le Calvez (@khannib)

50BTC from an ancient Whale # is more impactful than whole Bitmex going down

— Dovey 以德服人 Wan 🪐🦖 (@DoveyWan)

Relax guys. Much higher chance it is NOT Satoshi than it is. Although can’t be proven, this has happened a few time…

— CZ Binance (@cz_binance)

@MrHodl @crypt0e I know people who moved super old coins during the past 6 months to consolidate their ancient pre-…

— Warren Togami (@wtogami)

CSW is going to try to spin this as “he is moving coins” the list he produced for court contains the first 10k addr…

— I am Wanderer (@IamNomad)

2009 coins moving most likely doesn’t mean much. Best guess is not satoshi coins based on pattern analysis (…

— Ari Paul ⛓ (@AriDavidPaul) .

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