This is a little-known structural bull market driver in the Bitcoin market! On one side is the $35 trillion debt pressure in the U.S. and the growing trade deficit, while on the other side is the news that Republican candidate Trump may win the election, all of which undoubtedly support Bitcoin's price. But beyond these well-known factors, there is a hidden force pushing Bitcoin to new heights: the permanently lost Bitcoins!
HBO released a documentary this month that may reveal the true identity of Bitcoin's creator Satoshi Nakamoto. Some speculate that he is American programmer Ryan Sassa, who passed away in 2011. If Nakamoto has indeed died and left no instructions for transferring his Bitcoins, the one million Bitcoins believed to belong to him may never be used, effectively reducing Bitcoin's circulating supply.
Sean Farrell, head of digital asset strategy at Fundstrat, pointed out that if Nakamoto is confirmed to be deceased, Bitcoin's circulating supply will further decrease, which is undoubtedly positive for prices, as this portion of supply is essentially 'burned.' In fact, not only might Nakamoto's Bitcoins be permanently lost, but approximately 1.5 million Bitcoins are also unrecoverable due to owners losing their private keys, meaning the total supply is further reduced.
Imagine this: as demand continues to rise while supply gradually decreases, will Bitcoin's price remain stagnant? This is textbook supply and demand reinforcement!
Therefore, investing in Bitcoin requires attention not only to major market news but also to subtle dynamics. Nakamoto's death could ultimately become a significant driver for Bitcoin's price increase. For ordinary investors like you and me, the most important thing is to ensure that your assets do not get lost due to inadequate arrangements. Remember, the security of cold wallets is essential, but proper estate planning is also necessary; otherwise, your Bitcoins might truly become that forever 'lost wealth.'
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The above content is for informational sharing only and does not constitute any investment advice! Investment carries risks; proceed with caution!
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