$What would happen if Satoshi Nakamoto, the creator of Bitcoin, decides to sell🤔#BinanceAlphaAlert
The possible sale of the Bitcoins attributed to Satoshi Nakamoto. Since it is estimated that he owns between 750,000 and 1.1 million BTC, a significant amount relative to the total supply of Bitcoin, a decision to sell would have a profound impact.
Consequences:
Drastic price drop: The sale of such a large amount of Bitcoin would flood the market, drastically increasing supply without a proportional immediate increase in demand. According to basic laws of economics, this would lead to strong downward pressure on the price, causing a significant and potentially rapid drop.
Market panic and extreme volatility: The news that Satoshi's Bitcoins are being moved would likely generate widespread panic among investors. The fear of further price drops could trigger massive sell-offs by other Bitcoin holders, amplifying volatility and deepening the price drop.
Impact on trust and market sentiment: Satoshi Nakamoto is an almost mythical figure in the Bitcoin world. If his Bitcoins, inactive for so long, were suddenly moved or sold, many investors could interpret it as a loss of confidence in the future of Bitcoin by its own creator. This could severely damage market sentiment and investor confidence.
Questions about decentralization: Although Bitcoin is designed to be decentralized, the existence of a single entity (or group) holding such a large amount of Bitcoins has always raised questions. If Satoshi sold his Bitcoins, it could reignite concerns about the potential influence of a single party in the market.$BTC