Crypto community speculates about Bitcoin transfer to Satoshi’s genesis block

Why send 26.9 Bitcoin to Satoshi Nakamoto’s inactive wallet? Cointelegraph gathered the most outlandish theories and asked crypto industry leaders for their craziest hypotheses.

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For a crypto advocate, New Year’s Eve is not only the celebration of the start of a new year — just a couple of days later, on Jan. 3, a significant anniversary occurs. On Jan. 3, 2009, pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block — the Bitcoin network’s first-ever block.

The genesis block contained 50 BTC, the block reward at the time.

The wallet would remain untouched until a trend emerged within the crypto community where crypto advocates would transfer BTC to the wallet as a tribute to Nakamoto.

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