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Satoshi Nakamoto Loses $43 Billion as Bitcoin Price Falls Over 30%

BeInCrypto
Satoshi Nakamoto’s Bitcoin fortune has decreased by $43 billion due to a 30% drop in Bitcoin’s price, impacting their position among the world’s wealthiest individuals.

Summary

Satoshi Nakamoto’s estimated $138 billion Bitcoin holdings have fallen to approximately $96 billion as Bitcoin’s price declined by over 30% from its all-time high. This drop has moved Nakamoto from the 11th to around the 20th position among the world’s richest people, just below Bill Gates. Arkham Intelligence tracks Nakamoto’s 1.1 million Bitcoin using the “Patoshi Pattern,” identifying over 22,000 early addresses. Despite the substantial wealth, Forbes does not include Nakamoto on its billionaire lists due to unverified legal status and the dormancy of the assets. The article also discusses the potential threat of quantum computing to Bitcoin’s cryptography and the upcoming film “Killing Satoshi,” which explores the mystery surrounding Nakamoto’s identity and wealth. The fortune remains untouched for over 15 years, representing a significant, yet inaccessible, part of Bitcoin’s history.

(Source:BeInCrypto)