Rumored 'Satoshi Nakamoto' Account Reactivates After 5 Years With Cryptic Message For Bitcoin, Crypto

An X (Twitter) account with the name Satoshi Nakamoto resurfaced on Monday, after a five-year break on the social media platform, talking about exploring Bitcoin's BTC/USD attributes in detail.

There's no verification that this X account originally belonged to Nakamoto, so investors should approach any token drop from the account with caution.

The tweet came from the account @satoshi which is also marked as "verified" with the blue tick.

Bitcoin is a predicate machine. Over the following months, we shall explore different aspects that were not explicitly contained within the white paper. These aspects are all parts of bitcoin and are important. Some of these ideas were touched upon in the early years; now is…

— Satoshi Nakamoto (@satoshi) October 2, 2023

The white paper mentioned in the tweet is the one that Nakamoto had originally written in October 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System.” Its abstract read like this:

“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

Find out more about Bitcoin and its history. Join Benzinga's Fintech Deal Day & Awards on Nov. 13 and Future of Digital Assets on Nov. 14 in New York City to stay updated on trends like AI, regulations, SEC actions, and institutional adoption in the crypto space. Secure early bird discounted tickets now! What’s more, USE BZCRYPTO code to get 20% OFF.

In April 2011, his last email to a fellow Bitcoin developer said “I’ve moved on to other things assuring that the future of Bitcoin was in good hands.”

Coincidentally, just last month, a previously inactive Bitcoin wallet sprang to life holding $30 million in BTC, with rumors suggesting it might belong to Nakamoto.

Price Action: At the time of writing, Bitcoin was up 2.88% in the past 24 hours at $27,886.

Now Read: EXCLUSIVE: Mark Yusko On Bitcoin's Future, Crypto Protocol Investing, 2024 Price Target

Disclaimer: There's no evidence that links this account to Satoshi Nakamoto. It is highly probable it's just an impersonator. Proceed with caution.

Photo: Shutterstock