XRP News Today: Bitcoin Sees $8.6 Billion Transfer Amid Satoshi Nakamoto Speculation

Bitcoin has seen a remarkable surge over the past decade, making its enigmatic creator, Satoshi Nakamoto, potentially one of the wealthiest individuals globally. The rise of Bitcoin has sparked intense curiosity about Nakamoto's identity, despite numerous attempts to uncover it. Recently, a $8.6 billion anonymous Bitcoin transfer has fueled wild speculation, particularly as it occurred shortly after Arthur Britto, a co-founder of Ripple’s XRP, broke a 14-year silence.

Britto, who has maintained a low profile since creating his X account in 2011, posted an emoji of a face without a mouth, sparking speculation among XRP holders. Britto's reappearance, coupled with the recent surge in XRP's price, has led to theories about his potential connection to Satoshi Nakamoto. Some speculate that Britto's return and the movement of dormant Bitcoin wallets are not coincidental, suggesting a deeper link between the two events.

On Friday, Bitcoin experienced its largest transfer on record, with over $8 billion worth of Bitcoin mined during the network’s earliest days moving for the first time. Eight wallets were observed transferring 10,000 Bitcoin each to new addresses, with the owner's identity remaining unknown. One researcher suggested that the wallets might belong to Roger Ver, an early Bitcoin investor known as "Bitcoin Jesus," who later backed a Bitcoin fork called Bitcoin Cash and faced tax issues with the U.S. IRS.

The 80,000 Bitcoin are now in new wallets using a modern address format, which could be a precaution against future quantum computing attacks. This move has further fueled speculation about the identity of Satoshi Nakamoto, with some users on X suggesting that Britto or David Schwartz, another co-founder of Ripple’s XRP, could be the mysterious creator. Schwartz has previously denied being Satoshi Nakamoto, stating that theories suggesting he developed Bitcoin with former Ripple executive Nik Bougalis are "not true, but it’s plausible."

Satoshi Nakamoto has been linked to various individuals over the years, including Hal Finney, Elon Musk, and Jack Dorsey. Last year, filmmaker Cullen Hoback named Peter Todd, a Bitcoin core developer, as his belief for the real-world identity of Satoshi Nakamoto, though he failed to provide proof. Most individuals associated with the Satoshi Nakamoto name have denied the claim, except for Australian computer scientist Craig Wright, who fought a multi-year legal campaign to be recognized as Bitcoin’s creator despite lacking evidence.