There’s this shadowy super coder, Satoshi Nakamoto, the ghost behind Bitcoin’s creation.
Nobody’s seen him, nobody knows who he really is, but his crypto stash? Oh, boy, size matters. According to Arkham, the wallet believed to be his holds nearly 1.9 million Bitcoin.
Ranking
With Bitcoin’s surge past $106,000, Satoshi’s net worth just shot up to $116.7 billion.
That’s enough to edge out Bill Gates, who’s sitting at $116.2 billion right now.
Take that, Bill! Now, if you’re thinking this is just a fluke, think again. Bitcoin’s been flexing hard, and if it keeps climbing, say, doubling to $200,000, Satoshi’s fortune could explode to around $219 billion.
That would catapult him right behind Elon Musk, leaving big guys like Warren Buffett and Mark Zuckerberg in the dust.
Imagine that, an anonymous crypto pioneer outshining the biggest names in tech and finance.
It’s like the quiet kid in the office suddenly becoming CEO overnight. Sounds freakin’ impossible, and yet, here we are.
Silent mountain
On the other hand, Satoshi’s Bitcoins have never moved. Not a single coin sold, not a single wallet transfer.
That’s almost $120 billion just sitting there, untouched, making him the 11th richest person on the planet by default.
To top Buffett’s $157.5 billion, Bitcoin’s price needs to climb enough to add about $37 billion more to Satoshi’s pile. It’s a high-stakes game, and Bitcoin’s price is the wild card.
Dump?
But hold on, don’t get too excited just yet, because as always, there’s a catch. Some people worry that if Satoshi ever decides to sell, even a fraction of those coins, it could cause a supply shock.
Prices might plummet below $70,000, sending actual shockwaves through the market. It didn’t happen in the last 15 years, but the possibility is there.
It’s like that moment when the office coffee machine breaks down right before a big meeting, chaos everywhere.
Right now in the time of writing, Bitcoin’s trading around $105,000 with mixed signals.
The RSI indicator is looking bullish, hanging above 50, but the MACD is still bearish. Translation?
The experts think that road ahead is anything but smooth. It’s a bumpy road with potential thrills and spills, so be careful!
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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