The 100 bitcoins left untouched in the wallet of the cryptocurrency holder since 2010 came into motion on Wednesday. Over the years, their value has grown from nothing to $ 5 million.
The bitcoins were sent to two separate addresses. As noted by researcher Antoine Le Calvez, coins that were mined even before the use of video cards in mining, over time, move less and less.
Some old coins moved today (100 BTC from June 2010).
It’s very rare to see pre-GPU era bitcoins move, it only happened dozens of times in the past few years.
And no, it’s probably not Satoshi. pic.twitter.com/0jZXnmWUes
– Antoine Le Calvez (@khannib) February 24, 2021
Such movements are of interest, since there is always the possibility that they can be associated with the creator of bitcoin Satoshi Nakamoto or, as the early miner is also called, “Patoshi”.
“And no, maybe it’s not Satoshi,” Le Calvez writes, anticipating possible speculation.
In addition, the movements of long-abandoned bitcoins attract the attention of traders. This is due to the fact that the awakened “whale” with multibillion-dollar assets carries a non-illusory risk of a market crash. According to analyst firm Glassnode, about 3 million bitcoins can be considered “lost forever.” If part of the $ 150 billion sum is suddenly not lost, it could have a sharp impact on the exchange rate or become a factor in the long-term suppression of the market.
However, Glassnode founder Rafael Schulze-Kraft thinks it’s too early to panic:
“Today, a couple of old coins have moved – nothing new, this happens all the time. Here’s what you really need to watch out for: moving 1,000 BTC blocks (20 outputs) from mining veterans (over 10 years) to exchanges. Local maximums since December are almost ideal. ”
A couple of old coins moved today – nothing new, happens regularly.
Here’s what you should keep your eyes on: OG miners (+10 years) moving chunks of 1,000 BTC (20 outputs) to exchanges since December.
Near-perfect local tops.#Bitcoin@glassnode chart: https://t.co/N5P2eXn2AR pic.twitter.com/o4QrnUlKBz
– Rafael Schultze-Kraft (@ n3ocortex) February 24, 2021
In May 2020, even older bitcoins were moved – they were mined on February 9, 2009, that is, a month after the launch of the blockchain.
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