Yes, my friend. In order to create a Bitcoin transaction and generate a Bitcoin address, the user creating the transaction would need to hold the private key corresponding to the public address where the payment is being sent.

The private key is a unique, secret code that enables the owner to sign transactions and authorizes them to spend Bitcoin from the corresponding address. Without the private key, the Bitcoin held in that address would be inaccessible and effectively lost.

It is important to keep private keys secure and backed up, to ensure that Bitcoin can be accessed and used in the future. It is also important to exercise caution when generating Bitcoin addresses and sending or receiving Bitcoin, to avoid fraud and ensure that transactions are executed correctly and securely.