50 Bitcoins mined in 2009 just moved, and many believe it could be Satoshi Nakamoto

English May 20, 2020

A transaction of 50 Bitcoins, originated from the mining of a block in 2009, about a month after the launch of the Bitcoin network, was moved today.

The rewards came from mining block 3,654 and it didn't take long for experts to associate this initial mining activity with the inventor of the cryptocurrency.

At that time, the Bitcoin network was very small and its creator, who bears the pseudonym Satoshi Nakamoto, was one of the few active miners.

It is important to note that there is currently no direct evidence linking Nakamoto to the funds transferred. Still, it is cool to see money moving today, considering that when it was extracted, the BTC price was effectively zero. So whoever is moving that amount has certainly made a move by believing in the network since its inception.

Undoubtedly, the internet will closely monitor the next movements of these currencies, as the transaction certainly comes from one of the oldest Bitcoin miners. So if these 50 BTCs continue to move, we will know a lot more about this story soon. However, until then, uncertainties hover over the transaction, causing the market to not react very well, presenting a drop of more than 2% in the value of the cryptocurrency.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.