Satoshi Nakamoto’s Bitcoin Scarcity Statement Resurfaces Amid New Identity Clues

A historic Bitcoin statement from Satoshi Nakamoto has resurfaced as fresh insights emerge about the anonymous Bitcoin creator. Bitcoin historian Pete Rizzo recently shared a 2010 remark from Satoshi emphasizing Bitcoin’s scarcity when BTC was worth just $0.01.

On February 6, 2010, Satoshi stated, “Eventually at most only 21 million for 6.8 billion people in the world,” reinforcing Bitcoin’s fixed 21 million supply—a key factor in its value proposition. Over time, this statement has gained significance as Bitcoin has evolved into a digital store of value akin to gold. As of today, Bitcoin is trading at $98,664, with a $1.95 trillion market cap.

Meanwhile, new findings have deepened the mystery surrounding Satoshi’s identity. Coinbase director Conor Grogan uncovered new insights by analyzing wallets linked to Satoshi. His research suggests Satoshi’s last on-chain activity was in 2014 and hints at possible transactions through a Canadian Bitcoin exchange.

Grogan highlighted a notable outbound transaction to address 1PYYj, which received Bitcoin from Cavirtex, a Canadian exchange. This marks the first documented instance of a Satoshi-linked wallet interacting with a centralized exchange. Additionally, Arkham recently cataloged a Patoshi Mining Pattern, strengthening speculation about Satoshi’s Bitcoin holdings, estimated at 1.096 million BTC ($108 billion).

These revelations challenge previous theories, suggesting that cryptographer Len Sassaman may not have been Satoshi. While Nakamoto’s identity remains elusive, each discovery fuels further speculation, keeping the Bitcoin community intrigued.