Satoshi Nakamoto, the elusive creator of Bitcoin, has seen his once-massive fortune take a significant hit.
Recent figures from Arkham Intelligence indicate that his portfolio had lost more than $30 billion from its peak value. Yesterday, Bitcoin dipped to around $74,600, marking its lowest point in months, before staging a modest comeback.
This drop means the cryptocurrency has lost over 30% of its value since reaching a record high in January.
The plunge in Bitcoin’s value is part of a broader decline affecting risky assets, as global stock markets also tumbled due to the fallout from recent tariff issues. Cryptocurrencies, often moving in tandem with stocks in uncertain economic climates, have not been spared.
Bitbo reports that Satoshi’s current wealth is around $77 billion, based on his estimated holdings of about 970,000 BTC. These numbers, however, are not definitive, as the precise amount remains a matter of speculation. The most commonly referenced estimate comes from a study conducted by cybersecurity expert Sergio Demian Lerner back in 2013. At its peak last November, Nakamoto’s fortune topped $100 billion, momentarily making him wealthier than Bill Gates by December.
Speculation continues about Satoshi’s potential to become the world’s first trillionaire if Bitcoin’s value eventually surpasses that of gold. Despite the hype and ongoing curiosity, Nakamoto’s identity remains shrouded in mystery. An HBO documentary aimed at uncovering the real person behind Bitcoin fell flat last year, offering no concrete insights into one of the crypto world’s greatest enigmas.
Bitcoin (BTC) has gone down by 1.2% in the past month but an important piece of legislation in the United States could change the top crypt’s trajectory in the next few months. The so-called ‘GENIUS Act’, an acronym that stands for “Guiding and Establishing National Innovation for U.S. Stablecoins Act”, has been passed in the […]
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