Satoshi Nakamoto May Not Be Biggest Holder of BTC after this Year

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It is indeed fascinating how Bitcoin has progressed from an asset that an anonymous individual, Satoshi Nakamoto supposedly created to belonging mostly to institutions, according to a Bloomberg intelligence analyst, Eric Balchunas. Eric is convinced this is merely a matter of time. He estimated the cryptocurrency's U.S. ETFs holdings to be close to 909,000 coins by the end of this year, replacing Satoshi as the most significant holder.

The interesting point is about the rise of BlackRock's IBIT ETF, which already has holdings of 347,767 Bitcoins on file, making BlackRock the third-largest holder of Bitcoin.

It is set to be on point in taking on the very first spot by the time 2025 arrives. This could serve to see BlackRock being the holder for some considerable time. The operation of an ETF like BlackRock has clearly generated a lot of interest, with investments of $27.9 million of inflows added in the latest week.

And more so than ETFs, other big owners are MicroStrategy, as a treasury-management enterprise, the U. S. and Chinese governments and Robinhood. Each of them helps the landscape of Bitcoin ownership evolve.

Let's talk about Satoshi's fortune because that's something most people don't have much details to. So the big question is how many Bitcoins are in the possession of Satoshi?

Some say it is as much as 1.1 million Bitcoins and others say this is specious. A number closer to 700,000 Bitcoins all possibly mined by him is what BitMEX Research submits as the most logical amount. Such a large amount would probably pose a market stability risk if liquidated.

What is remarkable is that these Bitcoins have not been moved for more than 10 years. The first one suggests that Satoshi will not be selling anytime soon. If Satoshi has an existing "dead man switch", this allows the family members to sell them in the future. This may be influencing what to expect in the Bitcoin market.

https://img.inleo.io/DQmRpVGmZAAZpyHtPHT2abDuNjYWHAMSpo8Twx5Wz3F8M7a/bitcoin-2832620_1280.webp

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I am begining to doubt he's even alive because to leave that many bitcoins around without selling at least a hundred of it is almost insane.

Altogether, the developments speak to the fluidity in Bitcoin ownership and the potential implications on the market. What is even more exciting is that these developments show an increasing role that lies ahead for institutional investors in the Bitcoin space, which perhaps opens a new chapter for cryptocurrencies.

Both Governments and Big Companies are getting involved in Bitcoin seriously and we are sure to see a rise in the future.

Posted Using InLeo Alpha