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Elena R
Elena R
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Feb 10, 2025 11:04 UTC
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Tether CEO Warns Satoshi Nakamoto’s 1.1 Million Bitcoin May Circulate Again
Tether CEO predicts Satoshi Nakamoto's massive Bitcoin holdings may eventually be circulated due to the potential threat of quantum computing to wallet security.
While quantum computing is not an immediate threat, the possibility of quantum-resistant wallets exists.
Ardoino's prediction has reignited speculation about Satoshi's identity, a question that remains unanswered.
The biggest mystery in the cryptocurrency world remains: Who is Satoshi Nakamoto? We know he created Bitcoin, the world’s first and largest cryptocurrency. We also know he holds at least 1.1 million BTC – a fortune that has remained untouched for years. But here’s the real question: What happens to this massive Bitcoin stash?
Some believe Satoshi is no longer alive, while others think he’s watching from the shadows. But what if his Bitcoin isn’t lost forever? Tether CEO Paolo Ardoino 
Paolo Ardoino Paolo Ardoino holds the position of Chief Executive Officer at Tether and Chief Technology Officer at Bitfinex, a leading crypto exchange firm. His enthusiasm for cryptography was ignited during his military research, which subsequently inspired him to establish Fincluster in London. He progressed from the position of senior developer to that of Chief Technology Officer at BitFinex in the year 2016. Under his guidance, Bitfinex introduced significant features such as staking, custody services, a peer-to-peer streaming protocol, and a market surveillance tool.
Quick Facts Full name Paolo Ardoino Birth 1984, Cisano sul Neva, Italy Nationality Italian Education Computer Science Degree from the University of Genoa Wife/Partner Claudia Lagorio Net worth $9.5 B
Experience CEO at Tether from Dec 2023 to present.
CTO from Dec 2017 to Apr 2024.
CTO at Bitfinex from Mar 2015 to Present.
Lead software engineer from Oct 2014 to Feb 2015.
Chief strategy officer at Holepunnch from January 2020 to present.
Partner at Fincluster from 2012 to 2015.Senior full-stack developer at Frame Asset Management from 2010 to 2012.
Joint Founder at Involutive snc from jan 2007 to Apr 2009.
Web programmer at Freelance Consultant from 2003 to 2008. EntrepreneurDeveloper/ProgrammerFinanceChief Technology Officer 
has made a bold prediction that could change everything. And it has to do with one of the biggest technological threats to crypto today – quantum computing.
Could this technology one day unlock Satoshi’s fortune? Let’s dive in.
Why Quantum Computing Could Be Key
Ardoino suggests that Satoshi’s Bitcoin might reenter circulation in the future. He warns that advances in quantum computing could threaten the security of Nakamoto’s wallets.
Since Google introduced Willow, a quantum computing chip, in 2024, the crypto community has debated whether the industry needs to prepare for quantum-resistant security.
However, experts say Bitcoin is not at risk yet. Cracking Bitcoin’s Elliptic Curve Digital Signature Algorithm (ECDSA) would require at least 1 million qubits, while Willow only has 105 qubits—far below what’s needed.
Ardoino agrees that quantum computing isn’t an immediate threat but believes the industry may shift to quantum-resistant wallets in the future. Once these wallets become available, users could transfer their Bitcoin to safer addresses, reducing potential risks.
Once Again – Who is Nakamoto?
The Tether CEO’s comments have revived speculation about Satoshi Nakamoto’s true identity.
The last major debate about Nakamoto happened before the release of an HBO documentary on the subject. However, the documentary failed to provide clear answers. Instead, it caused more confusion by suggesting cryptographer Peter Todd could be Nakamoto – an idea that many dismissed.
If Satoshi’s Bitcoin ever moves, it won’t just shake the market – it will shake history.
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FAQs
Currently, no. But future quantum advancements might threaten older wallets without quantum-resistant security upgrades.
No one knows. Some, like Mike Novogratz, believe Satoshi is dead, but his Bitcoin holdings remain untouched.
Quantum computing uses qubits to perform complex calculations faster than traditional computers, potentially impacting encryption and cybersecurity.
Yes 
No 
