In a groundbreaking revelation by Arkham Intelligence, Bitcoin’s mysterious creator Satoshi Nakamoto now controls approximately 1.96 million BTC, worth an astronomical $120 billion at current prices. This massive holding, representing 5.2% of all Bitcoin ever mined, positions Nakamoto as the world’s 11th wealthiest individual.
As Bitcoin continues testing the crucial $110,000 resistance level, Satoshi’s dormant fortune has captured global attention, highlighting the remarkable journey of the world’s first cryptocurrency.
Dormant Billions: The Mystery of Satoshi’s Untouched Fortune
Perhaps most intriguing is that these wallets have remained completely untouched since 2011, when Bitcoin was still in its infancy. The sheer size of this holding now surpasses the treasuries of many nations, demonstrating Bitcoin’s extraordinary evolution from a niche experiment to a global financial powerhouse.
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Market Impact and Price Implications
The revelation comes as Bitcoin’s market capitalization reaches $2.16 trillion, surpassing Amazon’s $2.13 trillion valuation. This milestone coincides with Strategy’s recent acquisition of 4,020 BTC, bringing their total holdings to 580,250 BTC.
Expert Analysis and Market Sentiment
Market analysts express both excitement and concern about the concentration of wealth in Satoshi’s wallets. A potential movement of even a fraction of these coins could significantly impact market dynamics. The crypto community remains vigilant, as any activity from these addresses could trigger substantial price volatility.
Frequently Asked Questions
How much Bitcoin does Satoshi Nakamoto own?
Satoshi Nakamoto owns approximately 1.96 million BTC, equivalent to 5.2% of the total Bitcoin supply.
When was the last time Satoshi’s Bitcoin moved?
The last recorded movement from Satoshi’s known addresses was in 2011.
What would happen if Satoshi sold their Bitcoin?
A significant sale from Satoshi’s addresses could potentially cause substantial market volatility and price fluctuations.
As Bitcoin continues its remarkable ascent, the mystery of Satoshi’s fortune adds another fascinating chapter to the cryptocurrency’s storied history. Whether these coins will ever move remains one of crypto’s greatest unknowns, contributing to Bitcoin’s mystique and ongoing narrative.