Why stop at 80k? There’s a lot more to exploit.

@mike any thoughts on this?..

Appreciate your interest Yes, it’s certainly beyond me, slightly worrying, hopefully it’s just just down to an old encryption method that’s no longer used

GM @MBE tagged me in this deeply fascinating analysis of the 80,000 BTC movement: View quoted note →

if real some how, probably to not cause panic. what's the point of stealing it, if it loses its value.

I can’t see any comment from Adam Back on X, so I’ve asked his views on this.

X (formerly Twitter)

Mike Hodl Castle (@mdhardcastle) on X

Hey @adam3us May I have your insights on this please: https://t.co/EvJTMWdiid

What the point of keeping all of it of you can never spend it? With such whale, even if it sells and crash the market by 80%, it's still a massive profit and can be reinvest in other assets and back to BTC at lower price and over a long bear market. But I also think it will not be sold but officially moved to the tresury of a newly created company or something. And if Satoshi is behind it, for what we know he could have kept a few thousands to live an easy life under the radar, just to suddendly come back in 1 or 2 decade, once Bitcoin is adopted enough and too later to roll back to fiat and instantly claim himself leader of the new Bitcoin world.

Worrying Why hasn’t the price crashed already? This was days ago