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Did Bitcoin's Creator Just Move 50 BTC? First Time Since 2009

Written by:
Aaron Goldstein
Published on:
May/21/2020

Rumors that Satoshi Nakamoto, Bitcoin's creator, had moved 50 BTC remain unsupported, claims Zack Voell of CoinDesk.

“Whale Alert,” a popular Twitter bot account that tracks on-chain transactions for multiple blockchains, tweeted that 40 BTC were transferred from a “possible Satoshi owned wallet.” The price dipped as the tweet quickly went viral.  

Commenting on the market’s reaction, Hunter Merghart, head of U.S. operations at Bitstamp, said sellers on the exchange “got good fast liquidity and buyers were there to fill it. Everything worked as designed.”  

See also: Price Drops 7% in an Hour After Bitcoin Sees a Ghost 

That the coins were old (mined in 2009) and inactive (not moved until Wednesday) is the only link possibly connecting them to Nakamoto. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

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