Bitcoin weakness reduces 'Bitcoin founder' Satoshi's holdings by KRW 60 trillion
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- It reported that Satoshi Nakamoto's estimated holdings have decreased by 34% due to Bitcoin's decline over the past month.
- Satoshi's approximately 1,096,000 BTC has not been sold even once since 2009, and his billionaire ranking has dropped to around the 20th place.
- The market analyzed that investor sentiment for crypto assets has weakened due to interest-rate uncertainty and risk-aversion.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) founder 'Satoshi Nakamoto' is estimated to have seen his holdings decrease by 34% during the recent month-long decline.
According to Benzinga on the 24th (local time), Satoshi's net worth fell from about US$137 billion in October to around US$90.7 billion now. It is analyzed that a broad correction across crypto assets and risk-aversion sentiment both had an impact.
Satoshi is estimated to hold about 1,096,000 BTC and is regarded as the largest long-term holder who has not sold that amount even once since 2009. This adjustment has pushed his billionaire ranking from the top ranks down to around the 20th place.
Bitcoin recently fell to around US$87,000, giving back most of this month's gains. Major crypto assets such as Ethereum (ETH) also remain weak. The market views that interest-rate uncertainty and a tech-stock-focused risk-off flow have combined to dampen crypto asset investor sentiment.
Some experts say that if long-held Bitcoin supply reappears in the market it could become a structural inflection point, but there are no confirmed signs to date that Satoshi's holdings have moved.
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