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Satoshi Nakamoto's enormous Bitcoin holdings influence the world's wealthiest rankings
The estimated 1 million BTC held by Satoshi Nakamoto, the creator of Bitcoin, is currently experiencing significant fluctuations in its value. When it reached a record high, this asset was valued at $96 billion, ranking 18th in the global wealthiest individuals list. This level of wealth is comparable to that of prominent entrepreneurs such as Alice Walton and Carlos Slim Helú.
Background of Satoshi Nakamoto’s Assets
Unlike typical corporate assets, the Bitcoin holdings of Satoshi Nakamoto originate from a decentralized network. Since their value is determined by market demand and adoption rates, they possess inherently different characteristics from traditional equity-based assets.
As Bitcoin continues to perform steadily, many new wealth holders have emerged in 2024. Industry data indicates that the number of Bitcoin millionaire wallets has increased by nearly 60%, suggesting a rapid influx of new market participants.
Market Trends and Current Situation
The current Bitcoin price is trading at $91.40K, with room for further growth toward the all-time high of $126.08K. In this market environment, investors across various layers are building positions.
The fluctuations in Satoshi Nakamoto’s assets serve as an indicator of the overall maturity of the Bitcoin market. It symbolizes the integration of Bitcoin as a diversified asset into the global economy.