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Satoshi Nakamoto's Holdings of Bitcoin and Their Potential Impact on the Market
It is believed that Satoshi Nakamoto, the unknown creator of Bitcoin, owns about 1.1 million Bitcoins, mined during the early days of the network. These coins have remained unused for over a decade and are stored across several wallets collectively known as "Satoshi's wallets." Today, their value is estimated in the tens of billions of dollars.
If Satoshi ever decides to sell or transfer these holdings, it could cause a massive shock in the cryptocurrency market. First, this move is likely to trigger panic among investors, as it may signal a lack of confidence from the creator of Bitcoin himself. Second, the sudden release of such a large quantity of Bitcoin could lead to a significant price drop due to oversupply and panic selling.
However, the fact that these coins have never been moved is often considered a symbol of trust and decentralization. This reinforces the idea that Bitcoin is not under the control of any one person, not even its creator. As long as those coins remain unused, they serve as a quiet foundation for belief in Bitcoin's long-term vision
