Satoshi Nakamoto, creator of Bitcoin, records an unrealized loss of $20.000 billion.
The legendary stash of Satoshi Nakamoto, the creator of Bitcoin, has suffered a significant loss of value with the recent crypto market crash. It is estimated that the wallet linked to Satoshi has seen $20.000 billion disappear due to the sharp decline in the price of Bitcoin, which around 108.000 dollars, after reaching an all-time high of $126.000 in early October.
The market falls, but Bitcoin holds up. HODL BTC on Bit2Me.Satoshi Nakamoto: The World's Largest Bitcoin Holding Company
Satoshi Nakamoto, the enigmatic creator of Bitcoin, holds a position as the largest holder of this cryptocurrency in the world. Facts & figures Recent data from the Arkham Intelligence platform, specialized in on-chain analysis, reveal that digital wallets directly linked to Nakamoto store more than a million bitcoins.
This colossal accumulation of BTC by Satoshi Nakamoto comes from mining carried out at the dawn of the Bitcoin network, when very few ventured into this novel field. In recent weeks, during a notable bullish push that took Bitcoin to over $126.000, the value of this portfolio reached surprising figures, hovering around $100,000. 136.000 million.
Source: Arkham Intelligence
Thus, although Satoshi Nakamoto's real identity remains unknown, his fortune is among the largest in the world, thanks to the enormous appreciation of his own creation. However, following the market correction that began on October 10, this fortune has lost approximately 20.000 billion euros in assets.
However, it is important to emphasize that the recent decline in this wealth is only a change in market value, a “unrealized” loss because those original bitcoins have never been moved or sold since their initial mining.
At press time, Nakamoto's stash of bitcoins remains valued at more than 119.500 million, a figure that dwarfs most traditional fortunes and remains a symbol of the financial power that emerged with blockchain technology.
Satoshi's stash intact. Create a long-term strategy here.The October 8 storm: the largest historical market sell-off is recorded
The sharp correction that shook the markets on October 10th stemmed from a combination of factors. It all began with a tweet from US President Donald Trump, suggesting the possible imposition of new tariffs on China. This message rekindled investor fears of an escalation in the trade war between the two powers, generating an immediate risk aversion reaction in global stock markets.
In the cryptocurrency universe, that feeling of uncertainty found fertile ground in a market that, according to experts, was overleveragedThe initial fear triggered a wave of selling that caused prices to plummet rapidly, enough to trigger a series of automatic liquidations in perpetual futures contracts.
This chain reaction triggered the largest single-day liquidation episode recorded in crypto history, with over $19.000 billion in leveraged positions wiped out in a matter of hours. Amid the chaos, as many altcoins suffered dramatic declines, Bitcoin displayed remarkable strength. Data from Coingecko shows that the flagship cryptocurrency managed to stay above a key psychological level, $100.000, weathering the storm with relative stability.
Source: Coingecko
Looking beyond volatility
Although the magnitude of the crypto market crash has generated nervousness, analysts at The Kobeissi Letter suggested in a recent report that this collapse should be interpreted as a short-term decline. According to their analysis, the event was exacerbated by technical factors, such as the low market liquidity at the time and the aforementioned excessive leverage by investors. However, this did not imply a change in fundamentals or a reevaluation of the industry's fundamentals.
Experts remain optimistic and confident about the future of cryptocurrencies. They affirm that a trade agreement between the United States and China is on the way and that digital currencies continue to show strength, so they remain bullish in their forecasts.
This analysis makes sense when placed in a broader macroeconomic framework. Just days before the market crash, The Kobeissi Letter had noted that Bitcoin's all-time high came in a year that was the worst for the US dollar Since 1973, the weakness of the global reserve currency, coupled with growing expectations that central banks will begin cutting interest rates to revive the economy, could generate renewed momentum for safe-haven assets like Bitcoin. Satoshi Nakamoto's reserve currency could then regain strength and regain its splendor in the coming months.
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