CZ stated that the industry could absorb a dump of 1.1 million bitcoins from Satoshi Nakamoto if that ever happens, but he finds it hard to believe that those coins will be moved at any point in history.
Satoshi Nakamoto as an AI from the future. Source: Midjourney.
Changpeng Zhao, founder of Binance, believes that Satoshi Nakamoto was an artificial intelligence from the future. In a conversation published last Sunday (27), the billionaire talked a lot about the creator of Bitcoin.
As a highlight, CZ stated that Satoshi could move his coins that the market would absorb a sale of that size.
In total, it is estimated that Satoshi Nakamoto holds 1.1 million bitcoins (R$ 592 billion), an amount that places him among the 15 richest people in the world due to the current cryptocurrency exchange rate.
Founder of Binance talks about Satoshi Nakamoto
In conversation with the channel Erhan Ünal, published on Sunday (27), Changpeng Zhao talked a lot about Satoshi Nakamoto, the creator of Bitcoin. However, he also said that he does not know him.
"I don't know who he is, I've never interacted with him," CZ began, noting that he knows people who interacted with Satoshi via email. "Maybe less than 10 people. So, I don't know who he is. But I think it's probably good that we don't know."
Asked about whom he imagines Satoshi Nakamoto might be, Zhao said he doesn't buy the idea that it is a group of people. After all, it would be hard to keep such a big secret.
"I believe it is quite difficult for a group of people to remain anonymous."
"If it's a single person, he also covered his tracks very well. No IP addresses, nothing," Zhao continued. "There are other stranger answers, like the possibility of him being software from the future, a time traveler. All these possibilities are hard to imagine now, but they could be possible."
Although these theories are crazy, other famous investors in the market have already claimed that Satoshi could be a group of aliens or time travelers.
"Actually, when I get older, I might become more curious about who he was," CZ concluded. "Even if I had interactions with him, I could never say that I had an interaction with him. But today, honestly, I didn't."
"Satoshi Nakamoto was an AI from the future."
"I was just asked 'who I think Satoshi might be' in a live interview (which is still happening) from Turkey. I tweet during meetings all the time," CZ continued.
Changpeng Zhao, founder of Binance, talks about Satoshi Nakamoto. Source: X.
Satoshi could sell his coins that the market could handle the pressure, says CZ.
It is currently estimated that Satoshi Nakamoto has 1.1 million bitcoins (R$ 292 billion). However, Changpeng Zhao believes that the market could withstand a possible sale of that size.
"To be honest, I don't think this would have much effect. He has what? A million bitcoins? He is the largest holder, but that's still only 5% of the total supply," CZ pointed out.
"So, economically, even if he spent, moved, dumped, sold... Also, if he just transferred it for his personal expenses, you know, he wouldn't spend a million bitcoins. That's a huge amount of money."
"I believe the possibility is quite small, but even if it happens, it's 5%... it's the largest in the world, but still, it's 5% of the total supply. That would only mean an inflation of 5%, so to speak, right? It's not a big deal. The industry can absorb that."
An explanation for why these coins have never been moved is that Satoshi is a smart guy and has other ways to make money, CZ explained.
Following that, the founder of Binance points out that a movement of his wallets could prove that Satoshi is alive, or not. Another point mentioned is that he may have left his private keys to a loved one, that is, an heir.
"People will panic for a while, but they will get over it," CZ said about a possible movement of Satoshi's bitcoins.
Last week, a new statue in honor of the creator of Bitcoin was inaugurated in Japan.