Crypto tracker Whale Alert has reported the reactivation of a dormant Bitcoin wallet after nearly 14 years, drawing attention to the movements of an ancient crypto whale. This wallet, which last saw activity shortly after the mysterious creator of Bitcoin, Satoshi Nakamoto, posted a farewell message to the community, now contains 121 BTC.
When originally acquired in 2011, these bitcoins were valued at just over $1 each, totaling approximately $126. As of October 2024, the value of this stash has skyrocketed to $7,525,999, marking an astonishing increase of 5,972,920%.
This revelation coincides with the release of HBO’s highly anticipated documentary, “Money Electric: Bitcoin Mystery,” which claims to identify early Bitcoin developer Peter Todd as Satoshi Nakamoto. Director Cullen Hoback interviewed several potential candidates, including Adam Back and other early Bitcoin figures, but many in the Bitcoin community have found the evidence presented to be unconvincing.
Dogecoin cofounder Billy Markus, among others, expressed skepticism, asserting that Satoshi is likely not Todd but may instead be Hal Finney, who passed away from ALS a decade ago. In a comment on Whale Alert’s post, one user humorously inquired, “Is that you, Peter Todd?”
Todd himself criticized Hoback’s documentary as “irresponsible,” stating it puts his life at risk. He tweeted, “The truth is pretty simple: there are hundreds, even thousands of people who could have created Bitcoin,” adding, “We’re not going to find Satoshi.”
The debate over Satoshi’s identity remains contentious, with many in the crypto community supporting Markus’s view. Recent data from the Polymarket platform even suggests that Len Sassaman, a cryptographer who tragically took his own life in early 2011 shortly after Nakamoto’s disappearance, could also be a contender for the enigmatic role.
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