Open account

Krueger: Satoshi's $87.8B 1.1M BTC Stash Lost Forever, Slashes Sell-Off Risk

Commentator Fred Krueger's latest analysis declares Satoshi Nakamoto's 1.1 million BTC—valued at $87.8 billion—permanently lost, as private keys died with presumed creators Hal Finney and Len Sassaman. Earlier today, Krueger detailed the theory citing Finney's 2009 marathon alibi, Sassaman's crypto expertise and British writing style, Satoshi's April 26, 2011 disappearance, Sassaman's death 68 days later, and Finney's ALS paralysis. A follow-up article reinforces that these 'burned' coins eliminate tail risks of a massive creator sell-off, potentially bullish for Bitcoin's stability and price.

Category

Bitcoin

Sentiment

Bullish

Event

Market commentary

Reading time

1 min