Satoshi Nakamoto's ownership of bitcoins and its potential impact on the market


It is believed that Satoshi Nakamoto, the anonymous creator of Bitcoin, owns approximately 1.1 million bitcoins that were mined in the early days of the network. These coins have remained unused for more than a decade and are stored in several wallets collectively known as "Satoshi's wallets." Today, their value is estimated to be in the tens of billions of dollars.
If Satoshi ever decides to sell or move these assets, it could cause a huge shock in the cryptocurrency market. Firstly, it is likely that this move would trigger panic among investors, as it could indicate a lack of confidence from the very creator of Bitcoin. Secondly, the sudden release of such a large amount of Bitcoins could lead to a significant price drop due to oversupply and panic-driven selling.
However, the fact that these coins have never been moved is often seen as a symbol of trust and decentralization. This reinforces the notion that Bitcoin is not under the control of any single person, not even its creator.#AI Coins Surge
#Gate.io App Upgrade
BNB1,48%
BTC1,05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)