Satoshi Nakamoto’s 1.1M BTC Wallet Mystery: Will it Re-Enter Circulation? – CoinAero

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The most sensational question in the cryptocurrency industry is ‘who is Satoshi Nakamoto?’ We know that he is the founder of the oldest and largest cryptocurrency, Bitcoin. That’s not all – we also know that he holds at least 1.1M BTC. Some experts like Mike Novogratz believe that he is not alive. So, what will happen to his fortune? Tether CEO paolo ardoino



EntrepreneurDeveloper/ProgrammerFinanceChief Technology Officer




has made a prediction related to this recently. Curious to know? Read on! 

Tether CEO’s Prediction on What Will Happen to Satoshi’s Fortune

Ardoino predicts that the BTC creator’s Bitcoin holdings might be put back in circulation in the future, highlighting that quantum technology could pose a serious threat to the security of Nakamoto’s wallets. 

https://twitter.com/paoloardoino/status/1888259298641191049

Google’s Quantum Chip and Bitcoin Security 

Since Willow, a powerful quantum computing chip, was introduced by Google in 2024, the crypto community has been discussing the possibilities of creating a quantum-resistant environment for the crypto industry.

Meanwhile, experts believe that quantum computing currently poses no threat to the cryptocurrency sector, especially Bitcoin. 

To break the Elliptic Curve Digital Signature Algoritum of Bitcoin, at least 1 million qubits is needed. Willow’s strength is just 105 qubits.

Tether CEO’s View on Quantum Threats 

Ardoino acknowledges that quantum computing poses no immediate threat to the crypto industry. 

He emphasises the possibility of the introduction of quantum-resistant addresses in the future. He also notes that once such wallets are launched, existing wallet holders can move their assets to these wallets.

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Speculation About Satoshi Nakamoto’s Identity 

Tether CEO’s statement has once again triggered a discussion around the identity of Satoshi Nakamoto. 

That last time a serious discussion about his identity emerged was before the release of an HBO documentary on Nakamoto.  

Sadly, the documentary failed to provide a conclusive answer to the question ‘who actually is Nakamoto?’ Instead, it created more confusion, unconvincingly presenting Peter Todd as Satoshi Nakamoto. 

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FAQs

Could Satoshi Nakamoto’s Bitcoin be hacked?

Currently, no. But future quantum advancements might threaten older wallets without quantum-resistant security upgrades.

Is Satoshi Nakamoto still alive?

No one knows. Some, like Mike Novogratz, believe Satoshi is dead, but his Bitcoin holdings remain untouched.

What is quantum computing?

Quantum computing uses qubits to perform complex calculations faster than traditional computers, potentially impacting encryption and cybersecurity.





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