Bitcoin Forum

It has often been reported that the creator of bitcoin - Satoshi Nakamoto- has at least a million bitcoins, that could spark a lot of market distortions should those coins ever move from their wallets, but recent report by Bitmex's research team suggest figures 30 percent lower. 600 - 700k bitcoins
What do you think? Any significant difference?



Reference: https://news.bitcoin.com/satoshis-1-million-bitcoin-haul-could-be-smaller-than-first-thought/

I don't think this makes any difference. 1 million coins or 600k coins, I think it's safe to say that these coins are gone forever. Satoshi himself was very libertarian, I doubt he wanted to be in the position where he himself becomes what he despised. Bitcoin is his brainchild, he deeply cares for Bitcoin, he knows that moving or using these coins would harm it. If he had the self-restraint to not access that wealth at the peak of the price, I'm sure he won't ever access them.

600k-700k is the same guess as 1million bitcoin was. it doesn't matter how much they try to "analyze" things, in the end they will be making a big guess with a large margin of error because nobody really knows how many people and who have been mining bitcoin in the early days.

and it wouldn't make any difference. that is still a lot of bitcoin, in reality it won't affect anything since they won't come into circulation and even if they do, Satoshi is not someone who would dump on the market but people have their own weird reasons for panic.

In any case, this is a huge number of BTC that can affect the market, plus to this it has in the same amount all hard forks bitcoin

We don't even know is Satoshi Nakamoto alive.How the hell did this Bitmex research found out that Satoshi's coins are 600-700K and not 1M?Anyway,I believe that it's kinda unfair that the creator of bitcoin has so many btc.Perhaps it was better for him to destroy or give away those bitcoins.

I do not know how these numbers verified, but these coins mined by Satoshi's account and not by Satoshi himself.
He may have another account and unknown addresses. There are also lots of coins that have been mined by unknown people.

By using Bitcoin, you trust Satoshi, so it is not unlikely that Satoshi used those coins to eliminate Bitcoin.

Satoshi may have been arrested by the FBI and Swords. These coins are used to control Bitcoin :P :P

Who knows that Satoshi has that much bitcoin? What is the proof?

There is the genesis block that he created so it can be assumed that the associated wallets belong to him. If any have moved to other wallets during his time them those will be his test wallets. From there it is a guess to determine which ones belong to him

no, absolutely nothing about it is unfair. whether Satoshi owns 1BTC or 1 millionBTC it doesn't make a difference, those coins were not premined, they are not ICO, they are not shadow mined or anything like that. every single coin was mined and every single block could have been mined by anyone else who wanted to mine bitcoin at the same time as Satoshi. that is the fairest way of distribution. you could have started your computer back in 2009 and use you CPU to find a bock and get 50BTC, the fact that you didn't choose to do that means Satoshi mined those blocks and got the reward.

ps. it is funny how the article uses the word "loss" when talking about the 300k difference, as if it were something that was owned and is no longer in his pocket :D

We don't even know is Satoshi Nakamoto alive. Maybe he has 600k or 700k bitcoins, but no one knows about it.

So if Satoshi's now has 600-700K bitcoins still that is a huge number of bitcoin holding. The equivalency of that bitcoin to fiat money could buy a certain island here in the Philippines. Well Satoshi is already rich when he first develop or created cryptocurrency and in addition with his bitcoin holdings probably Satoshi could chill out in his whole life time.

Very much agree with your point of view.
When I first heard about Satoshi ，I don't think this must be a person's name.
There are many possibilities, and I also believe that this truth should not be dug up.

It's still a guessing game as the BitMEX article itself states:

And later on in the article:

So both Sergio's estimate as BitMEX's estimate are educated guesses. More certainty could only come when coins get spent..

There is no official proof that says he had 1 million or less amount of coins, he indeed has a huge coin base but the exact figure has never been known, it's always speculated by these people to create panic. It's pertinent to note that irrespective of the figure, Satoshi will never sell his coin he's the father of bitcoins so no need to ever worry about that. These coins will never come into circulation, but many people will try and create fud and panic in the minds of newbies who are not aware of this fact.

It's amazing that no one knows who Satoshi is, but they know how many Bitcoins he has. If this person exists, then I'm sure he will not throw his Bitcoins into the market to lower the price.

Who is the Satoshi Nakamoto? Are they an individual or a group of extraordinary people? This is an unanswered question. Does Satoshi Nakamoto own the most Bitcoins in the world and are those who still live in the moment?

I will like to see a concrete evidence of the wallet containing that amount of bitcoin you are talking about, else it is just a mere assumption because Satoshi Nakamoto I know is a fighter of financial inequality.

Why is BitMex interested in the holdings of satoshi, Well, this matter less the holdings of Satoshi. He's not been held from and no one can tell if the bitcoin will ever be move out.

I agree on this matter but I have some bad news as well. According to the article published in the official Block Chain Loyalty website, it is said that many Blockchain loyalty Companies have been launched all around the world and unfortunately most of the agencies would fail. Please advice by going through the article found in https://www.blockchainloyalty.io/2018/08/07/why-most-blockchain-loyalty-companies-will-fail/ (https://www.blockchainloyalty.io/2018/08/07/why-most-blockchain-loyalty-companies-will-fail/)

no it makes no difference. because those coins are not going to move so being 600k or 1 million makes no difference. and even if they some day move the resulting panic will be the same as if we say Satoshi had 1 million bitcoin.


everyone is interested in Satoshi. Bitmex only did some research and then made a post about it and now the news sites are free advertising their services by quoting that post :D

This is of course awesome bad knowing who he is from the rumours I think that he actually don't need it, just imagine for somebody like him to have so insanely big money amount.

It doesn't matter at this point in time, though I must say that 600-700k bitcoins can still drown the whole market if ever Satoshi wanted to dump, or even move his coins whatsoever. I don't really see him utilizing those coins seeing that he hasn't even appeared on any forums, blogs, mailing list whatsoever in the web. Even if he has that many coins, it would be pretty useless assuming he can't and won't move it. The amount of bitcoin the creator has is just, IMO, a sensationalized part of what was that cannot be altered given that Satoshi himself don't even want to get involved on his magnum opus.

the only way you can become certain of how much he owns is that if Satoshi creates 1 transaction including all the outputs and spend all of them. otherwise spending from different keys at different times doesn't prove anything. it can still be 100 different people who had nothing to do with Satoshi but mined early blocks spending their coins.

I do not know who to believe but the fact that Satoshi is simply a colossal state is a fact ;D

that was a great numbers of bitcoin if Satoshi has it.This may result to the empowerment of satoshi that can be bought anything he wants.This makes Satoshi able to regain the handling of the manufacturers locally and globally.

No one knows howmany bitcoin Satoshi Nakamoto has, but if you are saying right, let me calculate (!) it makes more than $4.5 billion.. This is huge money, i would scare if i have that much cash.. And he never makes statements about anything or seen anywhere. I know lots of people who doesn't believe that he is exist!

I do not know 600-700 thousand of them from him or a million, but I can say for sure that this is a very large amount on the account

no one knows that,satoshi created bitcoin bit it 's so hard to say he has 600k bitcoin.

I've read an article lately about 10 biggest owners of BTC and Satoshi with number one had over 1 million coins. How do they measure it is out of my understanding though.

If this is true, then Satoshi Nakamoto will not use these coins to damage Bitcoin. This is unreasonable. He created Bitcoin, and he's the last person to hurt him.

This all speculation though. It could be much less than that by the way. There is absolutely no proof he owns that much Bitcoins. He deserves it though if he indeed does own them. He took alot of risk. Plus very few people have that level of self control and discipline.


It is a mystery why all the old coins have remained unmoved.
He probably lost/destroyed his privatejkeys or currently under house arrest ?

Now imagine he decides to sell all his Bitcoins. This would damage the market very seriously especially with the capitalisation we have at the moment wich is still very low.

But satoshi nakatomo is anonymous,now how did you guys come about all this figures,this is all speculations and in my candid opinion;shouldnt be taken seriously.

I don't know where the number came from that Satoshi's has 600K-700K Bitcoin on his wallet instead 1M Bitcoin just like reported before. But, I think it doesn't matter because we don't know who Satoshi is. Is he a single person or any person. Now I'm just thinking about my bitcoin.

At the original block reward you got 7200 coins a day. That's only 100 days of unbroken mining by Satoshi to get 720,000 coins which would only take you up to early April 2009. There would've been dabblers, Hal Finney being the first of course, but there were points where outside interest was nil.

Both the original and Bitmex estimates feel plausible. The exact figure is kind of academic. It's enormous no matter what.

In the beginning the average time for finding a block was over 10 minutes. Since the difficulty was it 1 it couldn't be dialed back. Your calculation of early April is about 6 weeks off since block 14400 (6*24*100) was mined on May 14 2009.

But I agree it's still a lot of coins :)

It is good to have, but in my opinion Satoshi is not the regular person, and for him it is not the same as for me in example, because I would be using it, while he is just holding.

Of course, Bitcoin is the spirit child of Satoshi, surely he will not ruin it. As far as he owns Bitcoins, it does not affect the price of Bitcoin today, because there are so many Bitcoins in the world. To think more positively, Satoshi is the founder of Bitcoin, so he lets himself and some descendants be obvious.

I think mr satoshi have more then 600-700k bitcoins. May b he is the reachest person of the world.

Of course it can affect the market , it would be massive. But I believe he has even more

I thought more but 600-700 is enough... ;)

This makes Satoshi able to recoup the processing of local and global manufacturers. This is a huge amount, I would be scared if I have a lot of cash .. And he never made a statement about anything or see anywhere.

Satoshi never been proved who he was, whether is only one person or group of people who created bitcoin but if this true it can really affect the market conditions right now. Hopefully Mr. Satoshi will continue to hold so that bitcoin will surely rise the price and it can attract more investors towards it.

1 million is not a little amount, it could make the market change with a significant difference indeed.
But if you were a founder of bitcoin, you must be want to make bitcoin going better and gained more trust from peoples, not dumping it on the market.

is there a list of all bitcoin addresses presumably belong to satoshi?
would be interesting to see if there will be any transaction out in the future ;)
they are already dormant for some time now and probably will never be claimed/moved by him,
so those addresses would be very good target for private keys brute force :P

I can't reached the your reference link. This research is not correct i think, Satoshi Nakamoto own several million bitcoins. 600-700K is small amount as a developers. Many unknown persons owned million of Bitcoins it's published by journal.

Even if Satoshi has 1 million coins and even if he wanted to sell all of them, the market would only move in the short term (if he sold all at once).

Also I don't think Satoshi still has access to those bitcoins. They were worth nothing back then so it's completely possible he just changed wallets or lost the keys as so many after him have.



For a small blip of time, bitcoin would plummet down near zero as people lucky enough to have liquidity would buy everything up. Then things would probably bounce up in the thousands again before you'd even know it.


People think whales make the markets but they really don't. It's buyers and sellers. I'm not afraid of how much Bitcoin Satoshi potentially has.

Yes i am very agree with you on this. "I don't think this makes any difference. 1 million coins or 600k coins" :) A million bitcoin makes 6,5 billion dollar and it is anormous amount of Money.. I don't know where he is right now (I think no one knows) but he should be happy and relaxful. I hope one day he comes our and talk to the press and explain everything to us..

Does it really matter? there are huge scope to buy or mine your own Bitcoin, so, Satoshi's holding actually matters nothing. Let him/them stay anonymous.

Is there anyone else thingking besides me that "satoshi" is not really a one person.
I think they have a group of people who maintain it all till right now.

Satoshi nakatomo is anonymous, now how are you all to these numbers, these are all speculations and in my frank opinion, should not be taken seriously. But, I think it does not matter because we do not know who Satoshi is. Now I just think about my bitcoin. That is only 100 days of uninterrupted operation by Satoshi to get 720,000 coins that will only take you up to early April 2009. Both the original estimate and Bitmex are all reasonable. It's great no matter what.

Santoshi as the brain behind the development of bitcoin will not take that step of tempering with the said one million or $600k/$700k bitcoin as he cares for the harm that may cause in the future, if santoshi never move those bitcoin when the market was at it peak in 2017 I don't think he will make the move now.

I will not care about where bitcoin is held by Satoshi or the place where he issued the bitcoin that he holds now because even though the amount of bitcoin will not greatly affect the market situation unless he multiplies the total number of bitcoins in the world.  :D :D :D

even the figure of 600 000 bitcoin can move the market) I believe that this is not so important. they may never budge, and that won't mean or disprove the reliability of bitcoin, let's not forget that

More or less 1million Bitcoins is a pretty big money nowadays so If ever somebody has that amount that was one of a lucky whale he or she is. For me it is fair enough if ever Satoshi has that amount of Bitcoin because without him we are not here today. If I had to choose from destroying or giving away those Bitcoins, maybe the second one is best and I think the best place for that giveaway is the Bitcointalk forum like giving some rewards to members that contributed something good to the community.

Satoshi does have a very large coin base but there is no official proof that it has 1 million or less coins, I think this is exhaled by a group of investors to create panic. Satoshi is a very smart person so he will never sell his coins, so there is no need to worry about that.

What made santoshi with his huge asset in bitcoin not to temper with the market when the market was at it pick should go a long way to tell us how concern the name santoshi is with the development and advancement of bitcoin owning $600k-$700k is same as owning a million bitcoin but the fact still remains that santoshi will never interfere with the market .movement.

 I think they will never budge, because it will lead to a fall and a clear signal to sell

Even it is was just 100 bitcoins it would cause a stir if any of them moved. It would prove that the creator is still around and able to take the helm of the project again. Financially, 600k is not different to 1m, everyone would panic sell regardless if any got sold

Thats a romantic idea, but there is still a very real possibility that Satoshi will return someday and sell off his coins.  He may want to fund charitable causes in the future with his new found wealth.  New investors have to at least consider the risk of one million bitcoins being sold on the market.

It doesn't matter how much bitcoins does Satoshi Nakamuto have because I don't think his plan is to keep them for a certain time and then destroy the market by selling them. I am absolutely sure he already is a millionaire or maybe even a billionaire plus the thing that he owns a few hundred of thousands of bitcoins. So he probably keeps his bitcoins just as a collection or he keeps them for the future when their value will be even higher.

I don't think the man who created and launched such a powerful technology would just waste it ! And in the sale of 600 K bitcoins in a single day is not common sense ! You can just sell 1-5 bitcoins a day and the rate will be stable as there is a huge demand for bitcoin !

no one knows who is satoshi nakamoto.and is he alive still??
i think he is not alive and if he is alive why till now he is not using bitcoin??
i think he forgot his holding bitcoin wallets private key.and he will never destroy bitcoin.

Does he move some of his coins out of the wallet? And what about his wallet address?

I think that he still has 1 million bitcoins as it was mentioned earlier. in any case this is a huge number which makes him one of the richest people in the world

As per the figures given above, if it is anything to go by, I don't really see any significant difference between the speculated value and the amount given by the team of researchers. I believe the impact on the crypto market would be great if this huge amount is released.

Maybe Nakamoto is passed and someone else has or gets access to his private keys.. That would be bad.

I don't think anyone knows how much bitcoin has satoshi besides himself. well, but I'm sure, chances are he of course has hundreds of thousands of bitcoins to sell, or maybe for further development of bitcoin.

it's really a bit number of bitcoin

if satoshi have a big number of BTC i think he maybe afraid alot of when it go down