Since the launch of Bitcoin’s blockchain network (BTC) in January 2009, many tokens have remained dormant over the years. The awakening of some of them could mean the return of Satoshi Nakamoto, the creator of Bitcoin, so all these old forgotten BTC are rather closely watched. The ones we’re talking about today, on the other hand, hadn’t moved… since 2012.
A 9 year long sleep
Every time BTC moves from the era when Satoshi Nakamoto was still officially active, the cryptosphere is abuzz, wondering if the creator of the ancestor of all cryptos was back in business.
As Decrypt notably reports, one wallet saw 616.2 BTC, deposited on December 10, 2012, finally being moved again this September 19, 2021.
While Bitcoin was listed at only $13 at the time, it is now worth about $43,500, a little over 8 years and 9 months later.
A “post-Satoshi” movement
But who could be behind this movement worth nearly $27 million? Especially after so long without touching it. If it is true that cashing in around 335,000% of appreciation in dollars can justify, on its own, to recover its precious bitcoins, it will be very difficult to say who is behind this movement and why.
Knowing that Satoshi Nakamoto did not give any sign of life after April 26, 2011, and that he had also mined astronomical quantities of bitcoins at the beginning of the network (estimated at 1 million BTC), there is anyway little chance that these 616 BTC belong to him.
Moreover, the wallet address in question has had a few rare and anecdotal transactions next to this beautiful sum that has been left aside for a long time.
Even if the present transaction does not give any clue as to the fate of Bitcoin’s creator, it shows the incredible power of the first cryptocurrency’s rise in value. Not long ago, a transaction of about 2 billion was made for the equivalent of a few cents, which again shows the great economic paradigm shift that Bitcoin brings.