Satoshi Nakamoto just lost more money on paper than most people will ever see in their lives. Bitcoin’s creator watched their fortune drop by around $47 billion as BTC crashed over 30% from its all-time high.
Satoshi’s estimated 1.1 million Bitcoin was worth about $138 billion back in October when BTC hit $126,296. Now with Bitcoin trading around $87,390, that stash is worth roughly $96 billion. That’s a $47 billion haircut in just a few weeks.
The coins are tracked using something called the Patoshi Pattern, which identifies over 22,000 early mining addresses probably controlled by one person. These coins haven’t moved in over 15 years, which is absolutely wild.
If Forbes actually listed Satoshi on their billionaire rankings, they’d be sitting at number 20, right below Bill Gates. But Forbes won’t do it because they can’t verify if Satoshi’s even a real person or a group, plus the whole ownership thing is murky since the coins never move.
Here’s the crazy part though. If Bitcoin ever hits $320,000 to $370,000, Satoshi would become the richest person on Earth. Those coins are just sitting there, completely visible on the blockchain but totally untouched for over a decade and a half.
Conclusion
Satoshi’s massive paper losses highlight Bitcoin’s volatility, while the dormant fortune remains cryptocurrency’s greatest mystery, untouched for 15 years despite being worth nearly $100 billion today.
Also Read: Kiyosaki Offloads Millions of Bitcoin
