In 2013, Sergio Lerner released a research analysis, which made us always think that the mysterious Bitcoin founder Satoshi Nakamoto owns 1 million Bitcoins, as well as the corresponding amount of bifurcated coins and BCH. However, a study released by Bitmex Research stated that this figure is questionable and stated that although the amount of Bitcoin held by Satoshi Nakamoto is huge, it may be smaller than we thought.
Satoshi Nakamoto has 1 million BitcoinsHow many bitcoins Satoshi Nakamoto has has always been a mystery. In 2013, Sergio Lerner published a blog stating that Satoshi Nakamoto has 1 million bitcoins, accounting for about 5% of the total supply. He wrote at the time: "I cannot be 100% sure that the black dots shown in the figure below are coins held by Satoshi Nakamoto, but almost all coins belong to the same entity, and this entity happens to be mined from block 1, which is different from the founding. Blocks behave the same...Also, this entity is the only entity that has shown complete trust in Bitcoin, and it has never spent any Bitcoin (at least as we see it). I visually estimate that Satoshi Nakamoto has approximately 1 million bitcoins."
Bitmex Research is known for publishing detailed and rigorous investigation reports, and on Monday the agency released a new report on the matter. This report mainly relied on Lerner's original investigation, but the agency reduced Satoshi Nakamoto's holdings by 30%, and outlined why most of the early Bitcoin blocks at that time were directed to one entity. In summary from this point, Bitmex Research pointed out that the main reasons are:
Although there was strong evidence in 2009 that there was a dominant miner, we believe that this evidence is not as sufficient as everyone thought. Even if this is true, this evidence can only show that the number of bitcoins mined by this dominant miner is significantly less than 1 million. A reasonable estimate is about 600,000-700,000 bitcoins.
Satoshi Nakamoto's wealth will lose 2 billion dollarsEven if Bitmex Research's research is correct (it is difficult to determine on its own), Satoshi Nakamoto still has 700,000 bitcoins. Assuming that Satoshi Nakamoto does not move a single coin, even if he "loses" 300,000 bitcoins (2 billion U.S. dollars), it will have little effect on his overall wealth. However, there are many other factors to consider whether one person or multiple people hold 1 million coins.
For example, when calculating the number of bitcoins in circulation, the 1 million will be deducted from the coins that have been lost. Assuming that Satoshi Nakamoto’s coins have never been moved, if 300,000 of them belonged to someone other than Satoshi Nakamoto in 2010, then it is very likely that these coins have never moved. These coins are generated as block rewards. I haven't moved since.
If we assume that Satoshi Nakamoto did not die or go to jail, then we can then assume that these coins were not accidentally lost. Bitmex Research quoted Satoshi Nakamoto at the end: "Why delete the wallet instead of removing the coins and keep the old copy just in case? We should never delete the wallet." From 2009 to 2010, Satoshi Nakamoto Did not touch the coin. After he retired, he also implemented this policy during the super bull market of Bitcoin. Obviously, this was a deliberate decision. Whether Satoshi Nakamoto holds 1 million or 600,000 bitcoins, or between these numbers, this is undoubtedly another puzzle left to us by Satoshi Nakamoto after his departure.
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