Bitcoin’s creator Satoshi Nakamoto is estimated to own between 1.1 and 1.5 million BTC mined between 2009 and 2010. At current prices that stash would be worth roughly 100 to 120 billion dollars. None of those coins have ever been moved and the wallets associated with Satoshi have remained untouched since December 2010.
Nobody knows whether Satoshi lost access deliberately chose never to spend or is even still alive.
If any of those early coins suddenly moved markets would almost certainly react sharply. Many investors would interpret it as a loss of confidence by Bitcoin’s creator triggering panic selling similar to reactions seen during events like Mt Gox creditor distributions or major exchange collapses.
The real impact though would be psychological. Institutions and funds hold Bitcoin partly because it is viewed as decentralized and stable with no insider activity. A sudden movement of Satoshi’s holdings could shake that perception and reduce institutional trust in the asset.
There is also a possible positive scenario. If Satoshi moved coins gradually or donated part of the holdings to research open source development or global causes it could actually boost Bitcoin’s legitimacy showing that the creator remains aligned with Bitcoin’s ethos.
Any movement would draw immediate regulatory attention. Agencies worldwide would likely investigate the source and use the event to justify tighter oversight of crypto markets.
The most dramatic outcome would be Satoshi revealing their identity while moving the coins which would redefine Bitcoin’s narrative and possibly its governance debates.
For now those coins remain untouched a silent symbol of Bitcoin’s mystery and trust. The fact they have never moved continues to be one of Bitcoin’s strongest proofs of conviction.
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