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Alex Thorn urged to keep Nakamoto’s bitcoins untouched even at the risk of total loss., 2026/05/04 17:08:26
The assets of Bitcoin’s creator, Satoshi Nakamoto, should remain untouched under any circumstances, stated Alex Thorn, head of research at Galaxy Digital.
According to the analyst, this conclusion was reached following recent discussions regarding quantum computing and Bitcoin with developers and enthusiasts of the original cryptocurrency.
Thorn emphasizes that if anyone were to block Satoshi’s 1.5 million BTC under the pretext of a quantum threat, it would severely undermine the ownership rights of the creator of the first cryptocurrency, delivering a catastrophic blow to the fundamental value of his creation.
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A representative of Galaxy Digital believes that the quantum threat is overstated due to the extreme difficulty of executing such an attack even on the earliest mined Bitcoins. Thorn is convinced that the risk is lower than many assume: Nakamoto’s assets are distributed across approximately 22,000 addresses, each containing around 50 BTC. For a successful attack, an attacker would need to compromise all of them.
Even if Satoshi’s Bitcoins were somehow compromised, the network would be able to withstand the liquidity shock that would result, Thorn assures. In his view, Bitcoin markets regularly absorb sales exceeding one million BTC. This indicates that the community is prepared to endure even a significant market crash, concluded the Galaxy Digital executive.
“Enduring a 50% drop, even if all of Satoshi’s coins were obtained, to preserve the fundamental ownership rights in Bitcoin? I believe most Bitcoin supporters would agree to such a compromise,” Thorn wrote on social media platform X.
There is a belief that in the future, a quantum computer may be capable of breaking the outdated Pay-to-Public-Key (P2PK) cryptography used in the early days of Bitcoin. At the end of April, independent researcher Giancarlo Lelli utilized a publicly available quantum computer to break a 15-bit elliptic curve key—the mathematical foundation of digital signature schemes that secure Bitcoin, Ethereum, and most blockchains. The startup Project Eleven, which focuses on post-quantum security issues, referred to this event as “the largest quantum attack on cryptography to date.”
