1 million BTC wallet

[Alucard1]

I recently learned that there is one wallet in the world with 1 million BTC attached. Who do you think it could be?

Is it an assumption or what? you don't even put some link or source for this idea but this thing is possible as cryptocurrency is very anonymous and for sure those who are holding a huge amount of bitcoin. are just making it private, maybe Satoshi Nakamoto is the one who is holding the highest amount of bitcoin, this is quite possible as he is the one who made it.

[icopress]

Not everybody feel it necessary to brag about how many coins he has.
[...]
And an example I've seen lately is Coinbase, for which the cold wallet addresses are not easy to find out, but they had not long ago 994904BTC.

I suppose it's not even about bragging, but about security, because if there is at least one braggart among the bitcoin billionaires, then in the news we will see headlines in the spirit of "robbery of the century." Why steal art or rob banks when you can buy both with bitcoins ... I'm not surprised at all, but I want to add that Coinbase has about $ 300 billion in cold storage in cryptocurrency (only 2% of this amount is outside the cold storage).

[isaac_clarke22]

~

I kind of recall someone transferring millions worth of BTC that was stuck on a wallet for quite some time.
It is being discussed back then on who could it be because of the insane amount.
Found it in here: https://arstechnica.com/information-technology/2020/11/someone-has-withdrawn-1-billion-from-a-bitcoin-wallet-dormant-since-2015/
Not sure if this is really the one that I recall, but there's something along the lines of "unknown trader".

[hector3115]

Do you mean Satoshi's wallet? Or something else?

[NeuroticFish]

I kind of recall someone transferring millions worth of BTC that was stuck on a wallet for quite some time.
It is being discussed back then on who could it be because of the insane amount.
Found it in here: https://arstechnica.com/information-technology/2020/11/someone-has-withdrawn-1-billion-from-a-bitcoin-wallet-dormant-since-2015/
Not sure if this is really the one that I recall, but there's something along the lines of "unknown trader".

You didn't pay attention to what's discussed here. The discussion is about 1 million BTC, not 1 million dollar.
So "your" less than 70000 BTC is far from the "target". Already the "rich lists" found on the internet post 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo as having more than 200000 BTC on it, which is still far from 1 million.

[KaliLinux]

I believe the Op wanted to just start up this form of argument about a wallet holding 1 million Bitcoin and we know that this king of information is really not hidden in the blockchain and could have been verified by him if he wanted to as others have gone to point out or he could just be referring to holding up to 1 million Bitcoin in a sting of wallet address in one wallet 

[liao chandra]

There is some news that says that satoshi has one million BTC wallet. This is because satoshi is the person who created bitcoin, but we don't know the truth of the news. Even if it's true, I think that either Satoshi or anyone else who has a million BTC wallet will definitely keep their Bitcoin in some of his wallet.

[Ebede]

I recently learned that there is one wallet in the world with 1 million BTC attached. Who do you think it could be?

How did you find out that their is only one million wallets in the world relating to Bitcoin, I need more explanation because we are here to learn and learning is the primary concerns of any beginner, anyone can clarify me concerning the stuff, from what I understand here is that we jump out from necessary information.

[isaac_clarke22]

~

My bad.
Thanks for correcting me.
It was a bare recall for me, so I still expected a correction.
It is still nice addition though since it was something mentioned in the news, although it is a bit off.

[Newlifebtc]

I recently learned that there is one wallet in the world with 1 million BTC attached. Who do you think it could be?

To me 1million btc is not too much or surprising to be talked about ,people have more than that,but all the same it is hear say ,no evidence to back it up

[DdmrDdmr]

To me 1million btc is not too much or surprising to be talked about ,people have more than that <…>

You know we’re talking about bitcoin on this thread, not altcoin right? Having 1M BTC in one single wallet (n enclosed addresses therefore) would be equivalent to currently owning 5,35% of all existing bitcoins to date (some 18,7M). People have more than that .. really?

Note that the context of the OP talks about 1M BTCs, not an equivalent to 1M$ in BTC -> 17.52 BTCs currently, which is probably your interpretation here, and which does have multiple existing cases.

[icopress]

Having 1M BTC in one single wallet (n enclosed addresses therefore) would be equivalent to currently owning 5,35% of all existing bitcoins to date (some 18,7M). [...]

It is quite possible that either Jeff Bezos or Elon Musk is hiding behind the nickname Newlifebtc, since no average statistical millionaire (or any ordinary person) will think that 5% ($ 60 billion .. lol) of all existing bitcoins is a small amount. As for Satoshi's million BTC, in addition to pooya87's rather reasonable answer ^{[there is a difference between "wallet" and "address" in bitcoin]}, I also came across one rather logical assumption.

The main assumption is that everytime he debugged his client and updated it, it created a new wallets/files and be didnt back up the previous
take this quote that shows early versions needed backing up entire folders, (imagine backing up a folder every time you edited a line of code).

4. What files need to be backed up for not losing my "money"?

Version 0.1.5: backup the whole %appdata%\Bitcoin directory.
Version 0.2: you can backup just wallet.dat.

It was just a experiment back then so there was no value in keeping the private keys ... assumptions were that after a few months of bug fixing everything would be reset and born again (but too many joind and it instead just continued to live and it wasnt until 2010 before h made it simple to backup).

[DdmrDdmr]

Just for the sake of discussion, and going for the interpretation that many have made on this thread (1M$ in BTC, not 1M BTC), according to the article referenced down below, there are around 100K BTC addresses with a BTC equivalent greater or equal to 1M$.

Of course this is all an n:m:[p] game (n addresses belong to m people - and are grouped behind p wallets), so there’s no way of telling how many people really have an equivalent of 1M$ in BTC, but it gives us a playing field play with.

See: https://bitcoinmagazine.com/markets/bitcoin-wallets-with-more-than-1-million
The article references the source of the image, which leads to a site where, at first sight, I can’t seem to find it. I’ve seen the same site referenced on another article with similar information, but still pointing to a chart which differs from that of the image.