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DEFI(NE)

Heard on the Block: “genesis wallet”

Snacks / Wednesday, January 10, 2024

👛 Like if the inventor of coins also made the first change purse…

Someone sent nearly $1.2M worth of bitcoin to the first bitcoin wallet address ever created. The “genesis wallet” was made in 2009 and is believed to belong to bitcoin’s pseudonymous creator, Satoshi Nakamoto. People have transferred nearly 100 BTC to the genesis wallet over the years, like tossing their coins into crypto’s most storied wishing well (with no hope of getting them back). Despite speculation that Satoshi had returned, no funds have moved out of the genesis wallet since Nakamoto’s disappearance in 2010.

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