The creator of Bitcoin, who hides behind the moniker Satoshi Nakamoto, remains the major holder of bitcoins. The number of bitcoins that Nakamoto owns today is estimated at around 1.1 million, based on the early mining that he did. This is the equivalent of about $6 billion at today’s exchange rate of 1BTC to 6,098 USD. At least Nakamoto has never touched most of his bitcoins, and neither converted them into real-world currencies nor used them for any other purpose. If he were to sell his entire stash, the value of Bitcoin could plummet in an instant.
Has Bitcoin Gone Mainstream? Four Signs Prices Could Continue To Climb
There have been great growing pains in the cryptocurrency sector, but there are a number of signs that these could be leading to great growth and greater consumer acceptance in the future.
Study: Bitcoin Investors and Speculators Maintained Their Positions Over Summer
A recent study from Chainalysis shows that the BTC market has become more stable and less susceptible to hype over the summer.
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