Bitcoin’s price falls on fears that Satoshi Nakamoto has moved the coins

To update: According to Glassnodes, small amounts of the transaction were sent to the cryptocurrency exchange Coinbase (0.004 BTC) and the crypto payments solution CoinPayments (0.003 BTC).

Update: Bitcoin’s price has now dropped to $ 9,450, after dropping as low as $ 9,320.

Bitcoin’s price has dropped $ 200 in the past 30 minutes on concerns that Bitcoin pseudonymous inventor Satoshi Nakamoto may have moved some of his coins. Bitcoin dropped to a low of $ 9,550 and is currently at $ 9,621.

Earlier today, 50 Bitcoins mined in the first month of Bitcoin’s existence were moved, like Decrypt reported, worth $ 500,000. As Satoshi Nakamoto was one of the few Bitcoin miners at the time, it has been suggested that these coins were his. However, while some wallets are known to be from Satoshi, the status of this wallet was far from certain.

In fact, the researchers argue that the wallet was not Satoshi’s. According to a study by independent researcher and cryptographer Sergio Demián Lerner, a separate miner mined 1,814,400 Bitcoins in his early days. It has since published an updated study, which focuses on the Bitcoin block nonce, as further evidence.

Regardless, speculation quickly abounded on Twitter.

“This is just a month after the first bitcoin block was mined. There are not many people who can do it, perhaps Satoshi’s close associates “, he wrote analyst Joseph Young.

WhaleAlert, which tracks the movements of cryptocurrencies, he wrote, “40 BTC (391,055 USD) transferred from possible Satoshi proprietary portfolio (inactive since 2009) with unknown portfolio. “

“Damn, I shouldn’t have turned it down Satoshi Nakamoto KYC on binance today. (Joking) Welcome back, Satoshi! Or whoever that OG is,Binance CEO Changpeng Zhao tweeted.

Although space analysts have been quick to deny that the portfolio was owned by Satoshi, rumors still caused a slight drop in the price.