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Bitcoin's Creator: A $108 Billion Mystery

Coin WorldThursday, Feb 6, 2025 5:45 pm ET
1min read

Bitcoin's mysterious creator, Satoshi Nakamoto, may have amassed a fortune that surpasses that of Bill Gates, according to recent claims by Coinbase Director Conor Grogan. Grogan's theory, based on blockchain data, suggests that Nakamoto controls approximately 1.096 million Bitcoin, currently valued at around $108 billion.

Grogan's analysis focuses on 24 recorded transfer transactions from addresses believed to belong to Nakamoto. Notably, the most common recipient of these funds is linked to the now-defunct Canadian crypto exchange CaVirtEx, which was acquired by Kraken in 2016. This revelation has fueled speculation that Kraken may hold valuable clues about Nakamoto's true identity, as the last known on-chain activity might have occurred in 2014.

Grogan's claim is not the first attempt to estimate Nakamoto's Bitcoin fortune. Bitcoin developer Sergio Demian Lerner's research, based on the Patoshi Pattern, estimates that Nakamoto controls roughly 1.1 million BTC, closely aligning with Grogan's new claim. However, some skeptics argue that Nakamoto's coins might not be as consolidated as many assume, and others believe that Nakamoto deliberately spread their holdings across multiple wallets, making it difficult to pinpoint an exact number.

Speculation about Nakamoto's identity has persisted since Bitcoin's creation. Many individuals have been named as possible creators, including Craig Wright, Hal Finney, Nick Szabo, and Dorian Nakamoto. However, none of these claims have been definitively proven, and the true identity of Satoshi Nakamoto remains a mystery.

Despite the ongoing debate surrounding Nakamoto's identity and the extent of their Bitcoin holdings, one thing remains clear: none of the suspected Satoshi wallets have ever moved a single Bitcoin in a way that suggests liquidation or personal spending. This has further fueled speculation about Nakamoto's intentions and the future of their Bitcoin fortune.

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bottomline77
02/06
Satoshi's BTC stash could buy a lot of pizza 🍕
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mayorolivia
02/06
@bottomline77 Satoshi could buy pizza for the whole HODL gang. 🍕🚀 Just hope they don't try to tip the delivery guy in BTC.
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CommonEar474
02/06
Kraken might hold secrets, but where's the tea spill? 🍵
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r2002
02/06
Holding $BTC like diamonds, no FOMO here, just HODL.
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anonymus431
02/06
Grogan's theory is solid, but what if Nakamoto spread coins across many wallets? We might never know the true stash.
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therealchengarang
02/06
Bill Gates might be jealous of this mysterious fortune. Who would have thought Bitcoin could create so many billionaires by proxy?
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GoodCoffeee
02/06
$108B and we still don't know who Satoshi is? Wild how much power and wealth can be hidden in plain sight.
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tenebrium38
02/07
@GoodCoffeee Fair enough
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jy725
02/06
Still, no one's spent or liquidated those coins. What's the endgame, Satoshi? Are we looking at the world's biggest HODL?
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foo-bar-nlogn-100
02/07
@jy725 Maybe Satoshi just holding long.
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NinjaImaginary2775
02/06
I've got a few BTC stashed away, but nothing on that scale. My strategy? Just ride the waves and learn from the giants.
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LonnieJaw748
02/06
Kraken might hold clues, but they're keeping mum. Typical corporate secrecy. Wonder if they're just sitting on a goldmine of info.
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AP9384629344432
02/06
Satoshi's identity might never be fully uncovered. It's like the ultimate whodunit in the crypto world. Keep speculating, folks! 😂
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