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Ripple's David Schwartz says Satoshi's Bitcoin keys likely lost, removing market risk from 1M dormant BTC.

Market News
10 Apr 2026
UToday
View Source
Neutral
pluang ai news

David Schwartz, Ripple's CTO Emeritus, stated that the Bitcoin keys belonging to Satoshi Nakamoto are probably lost or destroyed, meaning the one million BTC mined by Satoshi will likely never be moved. This reduces the risk of a sudden market impact from these dormant coins, which are worth tens of billions of dollars. Schwartz argues that it is implausible for anyone to ignore such a fortune for over 17 years, suggesting the keys were lost when Bitcoin had no value. His view shifts the debate from speculation about Satoshi's identity to the technical reality of lost access to these coins.

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