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Big Bitcoin Move: Old Miner Shakes Up Crypto World

Tuesday, January 13, 2026
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A Significant Transfer

  • Amount Moved: 2,000 BTC
  • Current Value: Over $180 million
  • Duration Dormant: Over 15 years
  • Recipient: Coinbase
  • Transfer Method: Small chunks of 50 BTC each

The Value Then and Now

  • 2010 Value: 50 BTC = $3.50
  • 2023 Value: 50 BTC = $4.5 million

The Miner's Background

  • Group: "Satoshi era" miners
  • Reward: 50 BTC per block mined
  • Named After: Bitcoin's creator, Satoshi Nakamoto

Market Reactions and Concerns

  • Potential Impact: Fear of market disruption due to large sales
  • Expert Opinion: Not always negative; could indicate hedging or large trades
  • Previous Instance: 479 BTC moved last year after 12 years

Early Holders Cashing In

  • Trend: Converting Bitcoin to other cryptocurrencies like Ethereum
  • Storage Method: P2PK addresses (original Bitcoin receiving method)

What This Means for the Market

  • Uncertainty: Could cause panic selling or signal big moves
  • Certainty: The move has sparked significant discussion
coinbasebitcoin wayhal finneysatoshi nakamoto

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