BlackRock's IBIT becomes the second largest holder of BTC, likely to surpass Satoshi Nakamoto by next summer!
BlackRock's iShares Bitcoin Trust (IBIT) has overtaken Binance and Strategy, becoming the world's second-largest Bitcoin holder, only behind Satoshi Nakamoto!
According to data provided by Shaun Edmondson, as of May 20, IBIT holds over 636,108 BTC, accounting for more than 3% of the total Bitcoin supply, and is nearly 57% of the estimated holdings in Satoshi Nakamoto's wallet (1.12 million BTC)!
Bloomberg ETF analyst Eric Balchunas predicts that if the BTC market performs as expected, IBIT's holdings could surpass Satoshi Nakamoto by next summer, becoming the world's largest Bitcoin holder! He also added that if Bitcoin's price approaches $150,000, this process will accelerate and trigger a surge in institutional demand, especially as financial advisors allocate their clients' assets to Bitcoin.
Furthermore, since the launch of the U.S. Bitcoin spot ETF last January, IBIT has continuously attracted capital due to its compliance, with its asset size and inflows surpassing other Bitcoin ETFs, even traditional investment derivatives like its gold ETF, highlighting the growing demand for regulatory-compliant Bitcoin investments among institutional and retail investors.
According to SoSoValue data, as of May 20, BlackRock's IBIT leads all Bitcoin ETFs listed during the same period with a net asset value of $67.9 billion. This trend not only indicates increasing interest from institutional investors in Bitcoin but also reflects a growing acceptance of cryptocurrency as an asset class in the market.
Conclusion:
The rise of BlackRock's IBIT is not only a landmark event for institutional entry but also signals profound changes in the Bitcoin market landscape.
As the holdings of traditional financial giants are about to surpass the 'Satoshi myth,' the 'institutional era' of cryptocurrency may indeed be just around the corner.
Is this a milestone for Bitcoin's move into mainstream finance, or a sign of a market structure reshaping? It is worth reflecting on for the industry.
What impact do you think IBIT surpassing Satoshi Nakamoto will have on Bitcoin's market price trend?
At the same time, will large-scale institutional holdings enhance market stability, or could they potentially trigger new liquidity risks? Leave your thoughts in the comments!
