A total of 1000 Bitcoin (BTC), mined in 2010, were transferred this October 11 to a new address. The developer who discovered the movement claims that it is one of the biggest awakenings in cryptocurrency.
Kirill Kretov, a software developer and cryptocurrency trader, published through his LinkedIn profile a surprising find: 1000 bitcoins (BTC) from the era of Satoshi Nakamoto, were recently transferred to a wallet unique. According to Kretov, the BTC had remained “sleeping” or inactive since 2010, until last October 11, when they were fully moved.
“Another 20 bitcoin wallets mined in 2010 have been awakened, transferring a total of 1000 BTC to 35DRQxCBMBe3Erbcue791t89JVB2VwsJi4”
Kretov showed that the reward corresponding to mining 20 blocks on the network Bitcoin At that time it was transferred entirely to the management 35DRQxCBMBe3Erbcue791t89JVB2VwsJi4, from where they were later moved again.
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Two movements, one origin
After publishing his initial finding, Kretov he presented a little more detailed analysis of these transactions. In this analysis he points out that, after investigating further, he discovered that the person responsible for this transaction is the same as the one who carried out a similar transaction of 1000 BTC on March 11, exactly 1 day before it was known. Black thursday. A date remembered by everyone for the brutal fall that the stock, asset and cryptocurrency markets experienced due to the current pandemic.
The developer highlighted a series of similarities that led him to affirm that it is the same person. In the first instance, the first transfer took place on March 11 of this year, the second on October 11; exactly 7 months later. Likewise, Kretov points out that both transfers moved a total of 1000 BTC from the Satoshi era, that is, bitcoins mined during the time when Satoshi Nakamoto was present in the development of the network. Third, both transactions come from addresses P2SH and were then transferred in segments to various addresses BECH32.
On the other hand, in both the transaction on March 11 and this October 11, there is a Bitcoin wallet receiving exactly 200 BTC. So the developer concludes that it is not a simple coincidence, but rather the same person making important movements on the network. In total, 81 transactions were made, of which 80 are worth 10 BTC each and 1 is worth 200 BTC. Among the 10 BTC transactions is one directed at the Free Software Foundation.
A bullish move for Bitcoin
Likewise, Hans Hauge, Head of Quantitative Strategy at Ikigai Asset Management, in response to Kretov's finding noted that the recent movement is bullish for the cryptocurrency market. Hauge claims that the fact that BTC moved from one P2SH address to several other BECH32 addresses means an evolution, since the BECH32 addressing scheme, compatible with followed, it is more efficient and safer.
“This is bullish. An OG miner is moving his coins from the old address style to the new Bech32 format that uses segwit. The new addressing scheme is more space efficient and more secure. “He has divided the BTC into chunks of 10 instead of 50 presumably because it is worth more now.”
Furthermore, Hauge points out that if the owner of those bitcoins was planning to take the cryptocurrencies to a exchange or cryptocurrency exchange, they simply would not have bothered to change the BTCs to the new address format. On the other hand, Hauge noted that the recent movement of these BTC should not alter the market in any direction, since the 1000 BTC that moved, which are worth close to $11,5 million, are important but not decisive. within the market. Currently, the Bitcoin market moves billions a day, so this movement does not have to scare the market or Bitcoin users.
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