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Satoshi Nakamoto's Resurfaced Statement Highlights Bitcoin's Scarcity and New Identity Clues

A 15-year-old statement by Satoshi Nakamoto underscores Bitcoin's scarcity, while fresh research sheds light on the founder's identity and on-chain activity.
Published on 2025-02-06

Satoshi Nakamoto's Resurfaced Statement on Bitcoin Scarcity

A statement by Bitcoin's enigmatic founder, Satoshi Nakamoto, has resurfaced, emphasizing the scarcity of Bitcoin. Made 15 years ago when Bitcoin was worth just $0.01, the statement highlights the cryptocurrency's fixed supply of 21 million coins. Satoshi noted, "Eventually at most only 21 million for 6.8 billion people in the world," underscoring Bitcoin's potential as a store of value. This principle has become a cornerstone of Bitcoin's appeal, particularly as its value has grown significantly over time.

New Findings on Satoshi Nakamoto's Identity

Recent research by Coinbase Director Conor Grogan has uncovered new insights into Satoshi Nakamoto's identity and activities. Grogan analyzed Satoshi-linked wallets and revealed that the founder may have last been active on-chain in 2014, possibly using a Canadian Bitcoin exchange. Notably, the Patoshi Mining Pattern, a set of addresses linked to Satoshi, was cataloged by Arkham, though definitive proof remains elusive.

Satoshi's On-Chain Activity and Holdings

Grogan's findings suggest that Satoshi owns approximately 1.096 million BTC, valued at $108 billion. The research also identified 24 outbound transactions from these addresses, with the most frequent destination being the 1PYYj address, which received funds from Cavirtex, a Canadian exchange. This is believed to be the first documented on-chain transaction involving a Satoshi-linked wallet and a centralized exchange (CEX).

Implications for Satoshi's Identity

The latest discoveries challenge previous theories, including the possibility that Len Sassaman was Satoshi. While the mystery of Satoshi's identity remains unsolved, these findings provide fresh clues and reignite speculation about the founder's activities and motivations. As Bitcoin continues to grow in value and adoption, the significance of Satoshi's vision and the intrigue surrounding their identity endure.

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