I think 2024 is going to be the year of crypto….in more ways than one.
Ups, downs, ins and outs, I think it’s going to be wild!
From the time Bitcoin was first created in 2009, its creator was known as “Satoshi Nakamoto” but the true identity never disclosed:
Bitcoin was created in 2009. The concept was introduced in a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” published in 2008 by an individual or group using the pseudonym Satoshi Nakamoto. The first Bitcoin block, known as the Genesis Block or Block 0, was mined by Nakamoto on January 3, 2009. This event marks the beginning of the Bitcoin blockchain and the cryptocurrency movement.
Since then, speculation has run wild about how or “what” might be Satoshi….
Some think a certain person, others think a country or a nation or a 3-letter agency that starts with C and ends with IA.
There is evidence the US Government may know the true identity:
The U.S. Government Already Knows Who The “Four Satoshi’s” Are?
But no one truly knows for sure.
At least no one has formally ever claimed to be Satoshi.
So the debate rages on….
And the so-called “Satoshi Wallet” or “Genesis Wallet” still holds over 1 million Bitcoins, which would be worth almost $50 BILLION USD as of the time this article is going to press.
That’s a lot!
And perhaps we’re going to find out soon who owns that wallet?
Why?
Because someone just sent $1.2 Million USD to the Satoshi Genesis Wallet.
Yes, you read that right.
Someone sent $1.2 Million USD to the Satoshi wallet!
You may immediately have several questions enter your mind….
Why would anyone do that?
Unless one or both of the following two things are true:
One: the sender knows who holds the wallet and/or has control of the wallet themselves.
Two: the sender wants to publicly flush out the identity of Satoshi.
Interesting, right?
How would that second one work?
Well, it’s pretty simple…
A recently passed law says you MUST report to the IRS any time you receive more than $10,000 in cryptocurrency, or be guilty of a FELONY:
Someone just sent Satoshi's genesis wallet $1.2 mil. in BTC.
Why?? The only thing that makes any sense is that the sender is flushing Satoshi out.
Under the new IRS rules, you have to report any receipt of crypto over $10k. So, Satoshi has to dox himself, OR break the law. pic.twitter.com/S4vBkSdX21
— Jeremy Hogan (@attorneyjeremy1) January 7, 2024
So in other words, Satoshi must “dox” himself or risk committing a felony.
Even so, then the question remains: why send $1.2 million and not, say, $50,000?
This is the best answer I have heard so far:
But why almost $1.2 million?
So it can't be argued that he failed to "notice" the transfer. You might miss .2 BTC but over 26 BTC? No way.
Okay, it's not the best argument but…I'm intrigued. WTH?? (as the kids say)
— Jeremy Hogan (@attorneyjeremy1) January 7, 2024
Ok folks, so what do you think?
Is it Option 1, Option 2….or both?
And are we about to learn the identity of Satoshi in 2024?
It’s very possible we do!
Here’s the even bigger question….
Do you REALLY think people like Michael Saylor of MicroStrategy or BlackRock or any other big institutions buying Bitcoin would really be doing so if they didn’t know who Satoshi is?
Wouldn’t that unknown be way too big of a risk for them?
You would sure think so.
Imagine if “Satoshi” turned out to be Kim Jong Un of North Korea, and he could destroy Bitcoin any time he wanted….
Are you telling me all these big corporations are ok with that unknown risk?
I highly doubt it.
So then the alternative is….they know.
They’ve known for a long time.
Oh my, 2024 is going to be very interesting!
Here’s some more very interesting reading on the topic:
John McAfee Reportedly Knew the Identity of Satoshi Nakamato
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