Whale alert , the popular twitter bot for showing big transactions on any blockchain, recently reported that 50BTC, possibly belonging to Satoshi just made their way to Coinbase. The wallet that the Bitcoins were sent from hasn't been used since 2009.
What is happening, and has Satoshi returned?
Here's why I think the answer is no.
My first reason is that Satoshi would probably have more than 50 Bitcoin in his wallet. A quick blockchain search reveals that there are other wallets that have been inactive since 2009, but the maximum number of Bitcoins in them, altogether is about 63.5BTC. You can search the blockchain to verify this. For this reason, it's unlikely that this is Satoshi.
Another reason why this isn't Satoshi is that Satoshi was all for decentralisation. He believed that the way the government ran the money system was wrong, and after the crash of '09, he created money that was distinct from the government. Since Satoshi really stood for decentralisation and not just one man running the show, it's likely that he won't transfer his long kept Bitcoins to a CENTRALISED exchange service just to sell it for the very thing he fought against.
Lastly, this isn't even the top of the market. Even if Satoshi has gotten rid of the decentralised mindset and is now a cash crazy clout chaser, then he would have sold on us at 20k, and not at just under 10k.
All this said though, let us take a minute to look at how far Bitcoin has gone. This wallet hadn't been used for ages, and it was created when Bitcoin was worth nothing. Now, if the owner of that wallet had sold his Bitcoin today, that'd be a return of over 5000%, and would instantly make him a millionaire.
It's also goes to note how emotionally driven this market is. People probably haven't thought things out, but because "Satoshi" moved 50BTC, everyone sold off right into 9.2ks. This isn't a market for beginners really.
That's the end of my post guys. I implore everyone to really think things through before shorting the world's most valuable asset on fake news. Thanks for reading.
