Speculation has been swirling around a BTC wallet held dormant for over four years that is suddenly showing movement. That it contains something on the order of nearly one billion dollars worth of bitcoin core (BTC) has the ecosystem in both investigative mode and panic, as it could signal a giant dump at the very time the broader market appears to be recovering.
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$800 Million BTC Wallet Moves After Over 4 Years
“The original wallet owned 111,114.62 $BTC / $BCH , which is currently valuated ~ $844M (without taking in account other #Bitcoin forks),” reads the beginning of a crypto saga posted over three days. “Last movements on these subwallets are 4 years and 5 months old (March 9th, 2014). The chunks have been divided over time to 60,000 coins then to 30,000 / 20,000 / 10,000 / 5,000 / 500 and now 100 coins.”
Rare photograph of DPR
Simply delicious imaginings by Reddit poster sick_silk touch upon all the hot button, notorious BTC bagholders of yore: could it be Satoshi Nakamoto herself, back to take profits? How about the real Dread Pirate Roberts of Silk Road fame, busting an old stash open now that coasts have cleared? Or is it those dastardly Mt. Gox sorts, out to cash their lucre?
Theories abound as to just who or what moved bitcoin core from a four-year dormant virtual wallet containing more than 111,000 BTC, a value of right around $800 million at current prices. The movement was indeed uncovered by sub-reddit user sick_silk, and in a series of posts, attempts are made by both the poster and commentators to divine the wallet’s owner and motive(s).
