Satoshi's Bitcoin Stash Surges by $1 Million Amidst ETF Speculation. đ„·đ»đ€đ°
Coinbase director Conor Grogan raises eyebrows as over $1 million in Bitcoin lands in Satoshi Nakamoto's famed "Genesis" wallet. The crypto community buzzes with speculation, tying the move to potential pre-approval marketing for the Bitcoin ETF.
đčSatoshi's Wallet Details:
The "Genesis" wallet, housing the first 50 minted bitcoins, has slumbered since Satoshi's last 2011 public interaction. Recent activity injects life, with nearly 27 BTC deposited, pushing the balance to almost 100 BTC, valued at $4.3 million.
đčRecent Activity:
The peculiar transaction value of 27 BTC fuels chatter, as questions arise about Nakamoto's identity and potential sway over 1 million BTC, roughly 5% of the total supply. Grogan hints at a link to marketing strategies around the imminent Bitcoin ETF approval.
đčSpeculations and Conjectures:
The sudden wallet activity sparks debates on Nakamoto's identity and control over a significant BTC stash. Grogan adds fuel to the fire with a connection to ETF-related marketing efforts.
đčBitcoin ETF Approval Impact:
With the SEC set to decide on 14 Bitcoin ETF applications, anticipation runs high. BitMex's Arthur Hayes predicts a sharp post-approval correction, while ARK Invest's Cathie Wood foresees a 'sell the news' scenario.
đčMarket Overview:
Bitcoin, holding the 10th global asset spot, boasts a market cap surpassing $919 billion, with a current price of $46,900 per BTC.
