BTC Creator Satoshi Nakomoto Now 19th Richest Person in World: Report
Analysis
Price Impact
HighNews of satoshi nakamoto's wealth being so high will likely encourage investors, even if the identity is unknown. the impact of a person holding such a large percentage of the total supply of bitcoin has a strong psychological impact on the market.
Trustworthiness
MedWhile the information itself is public, the claim is based on estimates, and the identity of satoshi nakamoto is unknown, making it difficult to verify the exact amount held. however, the general idea is likely true, and the estimated value is significant.
Price Direction
BullishThe news suggests strong market confidence and investor interest, likely pushing the price higher. the potential for a large, unknown holder to sell off their holdings is also a concern, but the value held is too significant to do so without a considerable impact on the market.
Time Effect
LongThis news could have a sustained impact on the market due to the unknown nature of the entity holding such a large amount of bitcoin. the long-term effect will depend on market conditions and bitcoin's future adoption.
Original Article:
Article Content:
News Thu, 14/11/2024 - 13:02 Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News In a remarkable development, Bitcoin founder Satoshi Nakamoto has risen to the ranks of the world's wealthiest individuals. With Bitcoin's value soaring, Nakamoto's estimated holdings have catapulted him to 19th place on the global rich list. Bitcoin historian Pete Rizzo shared this fact in a recent tweet: "At $90,000 Bitcoin, Satoshi Nakamoto is now the 19th richest person in the world." BREAKING: At $90,000 #Bitcoin , Satoshi Nakamoto is now the 19th richest person in the world 👑 pic.twitter.com/gfkRDXJWP5 — The Bitcoin Historian (@pete_rizzo_) November 13, 2024 Satoshi Nakamoto is the pseudonym of the person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation. Advertisement Satoshi is thought to own around one million Bitcoins, which have remained untouched since their creation. As Bitcoin's price reached new highs, these holdings have appreciated dramatically. According to a screenshot shared by Rizzo, the value of these holdings is given as $90 billion, placing Satoshi in 19th place among the wealthiest individual in the world. HOT Stories BTC Creator Satoshi Nakomoto Now 19th Richest Person in World: Report Elon Musk’s Dogecoin Tweet Drives DOGE Army Nuts With Excitement ‘Planning The Bitcoin $100,000 Party’: MicroStrategy’s Michael Saylor BlackRock Discloses New Position in IBIT Related Wed, 11/13/2024 - 15:54 Satoshi Nakamoto's Groundbreaking BTC Vision Resonates After 16 Years Tomiwabold Olajide However, despite recent assertions, including one by a documentary on HBO and another by a questionable figure, no one knows who Satoshi Nakamoto is. The search for Nakamoto's identity has been ongoing for years, and the answer remains unknown. Bitcoin rallies Bitcoin surpassed $93,000 on Wednesday, reaching an all-time high in a rally that shows no signs of slowing anytime soon. The world's largest cryptocurrency has become one of the most notable movers and shakers in recent weeks, reaching a new record high of $93,495 in yesterday's trading session before decreasing its gains. Related Mon, 11/11/2024 - 10:59 Bitcoin Hits New ATH, 14 Years After Trading at Just $0.50 Tomiwabold Olajide At the time of writing, BTC was up 4.56% in the last 24 hours to $91,311 and up 22% weekly. That still puts previous price projections of $100,000 well within reach. Bullish options bets are concentrated on Bitcoin reaching $100,000, according to Deribit statistics. Inflows into U.S. Bitcoin exchange-traded funds exceeded $1 billion at the start of the week. While calling the possibility of a U.S. Bitcoin strategic reserve low, Galaxy Digital CEO Michael Novogratz stated that if it is implemented, the price of Bitcoin might skyrocket to $500,000. #Bitcoin