A new analysis suggests Bitcoin’s creator, the mysterious Satoshi Nakamoto, might still hold a massive fortune in Bitcoin.
Billions in Bitcoin
Crypto data platform Arkham Intelligence claims Satoshi possesses around 1.096 million Bitcoin, currently worth over $107 billion. This staggering amount is based on identifying around 22,000 Bitcoin addresses likely belonging to Satoshi using a technique called the “Patoshi Pattern.” This method analyzes early Bitcoin transactions to pinpoint blocks likely mined by a single entity. If true, this would make Nakamoto one of the world’s 15 richest people on paper.
The Patoshi Pattern and Early Bitcoin
The analysis relies on work by Sergio Lerner, who developed the Patoshi Pattern theory. Lerner’s theory focuses on flaws in the early Bitcoin protocol (v.01) that could reveal the identity of early miners. He suggests that a single miner was responsible for a significant portion of early Bitcoin blocks, and that evidence links this activity to Satoshi.
Kraken and the Satoshi Mystery
Coinbase director Conor Grogan pointed out that one of the identified addresses received Bitcoin from Cavirtex, a Canadian exchange later acquired by Kraken. Grogan speculates that Kraken might possess Know Your Customer (KYC) data linked to this address, potentially revealing Satoshi’s identity. He jokingly suggested Kraken delete any such information. Kraken’s playful response on X (formerly Twitter) was “We are all Satoshi.”
Disclaimer:
This information is for general knowledge and does not constitute financial advice. Investing in cryptocurrency is risky, and you could lose money. Always do your own research before making any investment decisions.
