What Happens If Satoshi Nakamoto Sells His Bitcoins?

Let’s get straight to the point. As you know, there is not the slightest information about who or who Satoshi Nakamoto, the founder of Bitcoin, is.. This means that right now the entire system is standing on a volcano that could erupt at any moment.. This volcano has been sitting quietly for 9 years.. no harm to anyone. But the eruption of this volcano looks at an act of Satoshi Nakamoto. Satoshi Nakamoto is known to have mined 1 million or more Bitcoin when he first created Bitcoin. If he releases this 1 million Bitcoin all at once, the value of Bitcoin will be in turmoil.

One of the biggest mysteries of the technology world is the identity of Satoshi Nakamoto.. Nobody knows who he is or who he is, what he does with his millions.

When we say “with millions”, we are talking about Bitcoin as we mentioned above.. Yes, he has 1 million Bitcoins. Let’s calculate it for you: 6 billion is $170 million.

The Power of 1 Person

Matt Green, a professor of cryptocurrencies at Johns Hopking University, said that Nakamoto wanted He said that otherwise it could crash the price of Bitcoin.

Bitcoin is not an unlimited currency.. There is no central bank that prints much more than it should.. The total limit is 21 million.. This limit, that is, the total amount of 21 million Bitcoins, is expected to be reached in 2140.

Nakamoto’s 1 million Bitcoins equals 5% of the total Bitcoin amount.

Green: “There’s something about Bitcoin: if you have 1 million (Bitcoin) you can flood the market any time you want.. Think of Bitcoin like rare playing cards. They are valuable because they are rare.. If someone comes and releases 1 million of these rare playing cards at the same time, they won’t be worth much anymore.”

The Value of 1 Person

As we mentioned at the beginning of the article, Nakamoto is now long. in the case of a volcano that has not been breathing for a long time. So it is neither harmful nor beneficial to anyone.. However, he is still a more important figure for the future of Bitcoin.

Ben Yu, a Bitcoin investor living in San Francisco, says that the Bitcoins owned by Nakamoto are very important.

Yu: “If Bitcoin truly becomes a global currency, then Satoshi Nakamoto will most likely be the richest person in the world. Besides, when we hit the ratio, Nakamoto’s portion of the total Bitcoin amount is likely to be more than the US government’s portion of the total amount of gold.”

Yu’s calculation is very likely. The US government currently has the largest gold reserves in the world: 8,000 tons.

This is just over 4% of the world’s total gold volume.. Nakamato owns 5% of the total Bitcoin amount…

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