Bitcoin historian and editor Pete Rizzo stated on X today, November 8, 2026, that the likelihood of Bitcoin's creator moving their initial holdings is now minimal. Rizzo posted, "JUST IN: ODDS NOW JUST 3% SATOSHI NAKAMOTO WILL EVER MOVE HIS #BITCOIN HE REMOVED 1,000,000 BTC FROM THE SUPPLY FOREVER WHAT A LEGEND " The statement highlights the long-term impact of these unspent coins, estimated at approximately one million Bitcoin, on the total circulating supply of the digital asset. This effectively reduces the available Bitcoin, intensifying its scarcity.
Rizzo's comments come as Bitcoin's price is $75,734, down 0.3% over the last 24 hours, and the Crypto Fear & Greed Index registers "Fear" at 28. Recent Gokhshtein coverage included a report on a Tornado Cash-funded wallet opening a $26.2 million BTC long position on Hyperliquid. Another article noted Strive's 43,124 BTC position generated a Q3 profit. The discussion around Bitcoin's finite supply and the dormancy of early mined coins is a constant theme among digital asset investors.
Rizzo's view implies that the approximately one million Bitcoin, mined in the network's early days, should be considered permanently out of circulation. This perspective suggests a reduced effective supply, which could theoretically influence Bitcoin's scarcity and valuation over time. If these funds truly remain dormant, it removes a potential source of selling pressure that could arise if such a large holder were to liquidate their assets, offering long-term stability to the asset's supply dynamics.
