Satoshis of Nakamoto of Bitcoin and their potential impact on the market
It is believed that Satoshi Nakamoto, the anonymous creator of Bitcoin, holds about 1.1 million Bitcoins, mined in the early days of the network. These coins have remained inactive for over a decade and are stored in various wallets collectively known as "Satoshi's Wallets." Today, their value is estimated in the tens of billions of dollars.
If Satoshi were to decide one day to sell or transfer these assets, it could cause a huge shock to the cryptocurrency market. First, this movement would likely generate panic among investors, as it could indicate a lack of confidence from the creator of Bitcoin itself. Secondly, the sudden release of such a large amount of Bitcoins could result in a sharp drop in price due to oversupply and fear-driven 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 a single person, not even its creator. As long as these coins remain inactive, they are a calm foundation to believe in the long-term vision of Bitcoin #satoshiNakamato
