Mystery Unveiled: Bitcoin Worth 90 Billion Moved After a Decade

Last Friday, Bitcoin worth nearly 90 billion SEK was suddenly moved after more than ten years. Speculation is rife about what lies behind the transaction. Some believe it could be Bitcoin's elusive founder who is involved.

The value of the cryptocurrency Bitcoin has skyrocketed since its inception in 2009. With a value exceeding a million per Bitcoin, early buyers who held on have made substantial profits.

Despite its massive impact, very little is known about the founder "Satoshi Nakamoto." The name is a pseudonym used by the person or group who created the cryptocurrency 16 years ago.

Bitcoin Worth 90 Billion

Recently, speculation about Bitcoin's early days has surged again after the largest transaction ever was completed.

All transactions can be tracked, and on Friday, activity was seen from crypto wallets that hadn't been used in over ten years, according to Forbes.

A total of 80,000 bitcoins, valued at nearly 90 billion SEK at today's rate, were moved from eight accounts to eight new, more modern crypto wallets.

Who conducted the large transaction is highly unclear, as is the reason. The move to more modern wallets could be a security measure against future quantum computers that might potentially crack the encryption of old wallets.

Theory: Satoshi Nakamoto

Others believe it could be an extremely wealthy buyer who has acquired the cryptocurrency.

What is clear is that the 80,000 bitcoins come from the early era of the cryptocurrency.

The fact that someone has held such enormous amounts of money leads some to speculate that it could be Satoshi Nakamoto himself who owns the old funds.

Analysts believe the founder holds around one million bitcoins, making the person (if it is an individual) one of the world's richest people.