Post
Topic
Board Bitcoin Discussion
Re: Bitcoin wallet from Satoshi Nakamoto era activates after 9 years
by
kryptqnick
on 23/09/2021, 13:46:40 UTC
A veteran bitcoin wallet with hundreds of BTC is suddenly activated after 9 years. The intention is still not clear and not sure how it will affect the upcoming price!

Source: https://www.msn.com/en-gb/money/technology/bitcoin-wallet-from-the-satoshi-nakamoto-era-suddenly-activates-after-9-years/ar-AAOGFxO?ocid=mailsignout&li=BBoPWjQ
IMO 616 BTC is a huge amount of money, and while I don't think it'll have direct impact on the price (only the indirect one if this news gets big and people start acting on it), it's worthy of a discussion. Namely, I bet these coins were considered lost forever, since they haven't been moved for 9 years. It was a reasonable assumption, but we can see now that people can just be extra patient about their coins and perform zero activity in a long time. I wonder how much BTC also belongs to people like this and isn't actually lost forever even though it's not circulating.