Long-dormant Bitcoin whale wakes up after 14 years, possibly tied to old Ponzi scheme

Depending on who you ask, this whale has transferred between 2 billion to 6 billion bucks in Bitcoin this week after being inactive for 14 years. That guess assumes all those wallets belong to a single person or organization, which is a pretty big leap. But yeah, the timing does raise eyebrows. Some folks are even suggesting this could be Satoshi himself. If you check out one of the addresses, it seems to be linked to early Ponzi schemes. Here’s the scoop: One of the addresses just moved 10,000 BTC this week: Back in 2011, it got Bitcoin from this address: 19HKvHqcJav38JsKywTwgLj6dGF8XBj9d (the one tied to the Ponzi). Here’s the Ponzi transaction ID: And if you wanna see the accusation details about that Ponzi connection, check these links out.

I don’t understand why every old wallet wake up is easily linked to Satoshi, people need to know that in 2011 or before 60,000 bitcoin were not that much and any one could have bought or mined it there, in this case it was reported that most of it were actually bought with $2 then. The amount seems huge now because of how impressive the bitcoin price has grown but in the past it was worth few bucks, didn’t we heard some paid 10,000 bitcoin in this period for just pizza. For clarity it wasn’t only Satoshi that was involved in bitcoin then and for the fact that it has links to Ponzi schemes totally eliminates the possibility of it been Satoshi. Also it is not something surprising during periods like this move of large bitcoin like this usually happens either to take profit or to switch storage systems. Like in this case where there is no exchange it was linked to possibly this was a switch of storage

When the "ancient" Wallet wakes up from its long sleep and becomes active, it will spur various speculations, strangely some assume that Satoshi is involved behind the transaction. In essence, it is not yet known who the mastermind or owner of the wallet is and the reason behind the transaction that has just been carried out, it is possible that the Bitcoin stored for around 14 years is a long-term storage theory by early investors. At that time, Satoshi was not the only individual who held a large amount of Bitcoin, it could be that the transaction was carried out by one of the supporters, adopters, first contributors and recipients of the first bitcoin transaction such as programmers (Laszlo Hanyecz) or (Hal Finney). Regarding Ponzi, it is still just an allegation and it is very illogical to directly link it to Satoshi because at that time he was not the only one who held Bitcoin.

I guess that will be always the assumptions by this so called news media or even those individuals who are into Bitcoin. When they found a old address, automatically, it will be Satoshi. Nevertheless, we really don't know how many Bitcoin address Satoshi uses or maybe it could be another individual who closely monitor and involved themselves in Bitcoin and not necessarily the early well known personalities. Or who knows, the worst, some person might have hack the keys or the mnemonic phrase by chance that's why they move it right away. But for sure there will be a lot of prying eyes on that Bitcoin address and monitor and then see when it is going and try to find out who is this individual. So it will be a start of another hunting in the blockchain community.

In the recent time, there has not been a force alarm to start the skeptic assumptions of illegal transactions or with the involvement of Satoshi Nakamoto. There are definitely earlier investors who accumulated bitcoins in the earlier stage even before Bitcoin acquired it first trading value at $0.01. and before then Bitcoin could easily be acquired by mining using simple CPU computers with friendly tasks while mining rewards was very huge. You can imagine the easy acquiring of Bitcoin as at then 2009 and you have so much alternate as source of income which even your net worth can still lead to your dream without Bitcoin and then you realized Bitcoin was later going to be worth global treasure, I guess you would have every reasons to even hold more than this 15 years that this transaction as may say "woke up a dormant wallet address". Infact, there are many of the earliest Bitcoin holders who only held it without the believe it was going to be such a commodity that can even have influence on the global economic. It is not also a doubt that scammers may have been tirelessly targeting on breaking the Walls of those wallets with aggressive accusation of Bitcoin by these days but for now, let us not point had of any skeptic yet.

If this dormant bitcoin will activate it after 14 years while bitcoin is at 100k USD plus, then imagine what the Bitcoin whale waiting patiently to active when Bitcoin hits one million US dollars after patiently holding for 25 years. There are many people who bought hundreds of Bitcoin when it was still less that a dollar but unfortunately have forgotten the password or lost access to it. So many lost Bitcoins. What I can say for this person is that congratulations - you give us hope.