Bitcoin Could Survive Sale Of Satoshi’s Coins, On-Chain Expert Says
On-chain analyst James Check argues that a potential quantum-enabled sale of Satoshi-era Bitcoin would not be an existential threat to the market, despite concerns. While approximately 6.934 million BTC are theoretically vulnerable due to exposed public keys, Check contends the real risk is much smaller. He identifies only 1.716 million BTC in old P2PK outputs as the primary concern, comparing a full liquidation to 60-90 days of typical sell-side pressure in a bull market—significant but not fatal. Check emphasizes that the core debate is less about market impact and more about the philosophical principle of whether Bitcoin should intervene to freeze vulnerable coins or preserve absolute property rights.
bitcoinist04/24 14:32
