Bitcoin is exploding!
A big news has come from the dark web,
claiming that American quantum computers have made significant breakthroughs, cracking Satoshi Nakamoto's legacy wallets one after another! Even more outrageous is that the cost of these bitcoins is only 1 dollar!
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A total of 80,000 bitcoins from 8 wallets suddenly appeared at the same time, it's terrifying.
Even scarier is that the coins costing 1 dollar are either Satoshi's old wallets or the stock from Mt. Gox back in the day!
Just thinking about it feels a bit surreal. If this is true, the market would be turned upside down, right?
Currently, there are two possibilities.
The first possibility is that Mt. Gox is crashing the market again. Mt. Gox crashed the market last year, claiming they wouldn't do it again this year, but now it's 2025 and a year has already passed.
Moreover, only Mt. Gox has so many bitcoins with a cost of 1 dollar.
If the bitcoins in their hands were to be released, 80,000 coins is not a small amount, the market would definitely panic. However, the compensation plan of Mt. Gox (referring to 2024 data) has been gradually progressing, and the likelihood of crashing the market is decreasing, and they wouldn't do it so publicly.
The second possibility is that the market makers are stirring things up, deliberately spreading rumors to create panic.
Market makers love to do this, scaring retail investors into selling, while they scoop up the shares at a low price. Bitcoin is currently at 110,000 dollars, close to its historical high, and the market sentiment is already tense. If the market makers release a big news, retail investors might panic and run away, allowing them to buy at the bottom. The cycle for market makers can be long, we retail investors need to be careful and not fall for their tricks.
Although there has been progress in quantum computing, cracking the private keys of Bitcoin wallets (256-bit ECDSA encryption) is still far from feasible, it's not that easy technically. This news is fake.
