Skip to content

What if Satoshi Nakamoto sold all his bitcoins today?

--Advertisements --

Essentially, the mysterious nature of Satoshi Nakamoto, the creator of Bitcoin, means that the entire ecosystem is sitting on a potential volcano. He is sleeping right now, but if the creator had the intuition, he could flood the market with a million pieces and destroy his value.

One of the greatest mysteries of the technological world is the identity of Satoshi Nakamoto. . No one knows who he is, where he is or what he's doing with his millions

That's millions, as in millions of Bitcoins, because it was reasonably believed that Nakamoto could own more from one million pieces.

The Power of a Man

Matt Green, a professor of cryptocurrency at Johns Hopkins University, says that Nakamoto has the power to tank the currency unless he is able to save money. he wants it.

Bitcoin has a finished supply of 21 mln which is expected to be reached by the year 2140.

One million Bitcoins of Nakamoto s'. raises to five percent of the entire cryptocurrency.

-- Advertisements --

"The thing about Bitcoin is if you control a million of them, you have the opportunity to flood the market at any time. Think of it as Rare baseball cards. They are valuable because they are rare. If any one could throw away hundreds or thousands of Mickey Mantle trading cards, rare on the market, they would not be worth as much ", said Green

Nakamoto has really infiltrated since he decided to move away from his creation, and for a man of such value, its influence was not even noticed among the pseudo-anonymous Bitcoin network.

However, if Nakamoto offered for sale his coins, the whole market would be flooded and the Bitcoin price would resonate.

See also  Correlation Between the Value of Cryptocurrency and Exchange Lists: Expert Blog

The value of a man

While Nakamoto remains a sleeping giant and a Sleeping volcano potential, it is not a threat or a promise for the Bitcoin network. However, he is still an extremely important character in the future of digital currency.

Ben Yu, a Bitcoin investor living in San Francisco, says that Nakamoto's involvement in Bitcoin is extremely significant.

Satoshi Nakamoto would probably be the richest person in the world and hold a proportionally higher share of the ultimate Bitcoin supply than the US government now holds in gold ", declared Yu.

-- Advertisements --

Yu's maths work The US government holds the largest number of gold reserves of any other entity in the world, about 8,000 tons

just over four percent of the total world supply of Bitcoin.]

Advertisements