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.
Long-Dormant Bitcoin Whales Resuming Activity Could Rock Price Action, Analysts Say
The number of active Bitcoin wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, analysts claim.
Expert predicts cryptocurrency boom 'within a year' as Bitcoin marks its 10th anniversary
Investors are remaining positive about Bitcoin as it marks its 10-year anniversary, despite a worrying drop in value in recent months. The cryptocurrency has come a long way since the bitcoin blockchain was created on January 3, 2009. At one point, it was considered so worthless that, in May 2010, Florida-based programmer Laszlo Hanyecz bought two pizzas for 10,000 Bitcoin, valued at the time at $30.
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