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Bitcoin Drop Reduces Satoshi Nakamoto’s Wealth by $41 Billion

Bitcoin's price decreased over 30% from October highs of $126,000 to approximately $85,500, reducing the value of coins associated with its creator, Satoshi Nakamoto, by around $41 billion.

Satoshi’s On-Chain Holdings

  • Approximately 1.1 million BTC are believed to belong to Satoshi due to early mining patterns.
  • These holdings were valued at about $138 billion in October but are now estimated at nearly $96 billion.
  • Satoshi's estimated wealth is now below US billionaire Bill Gates.

Early Mining Pattern

  • The "Patoshi Pattern" is cited as evidence linking many early blocks to a single miner, though it doesn't confirm identity.
  • Wallets tied to these holdings have remained inactive for years, making liquidation unlikely.

Market Volatility

  • The $41 billion loss is a paper loss, with no reported sale; funds have not moved.
  • Satoshi's place on hypothetical rich lists has diminished, but ownership remains unverified.

Long-Term Considerations

  • Discussion continues about the impact of dormant crypto holdings on public wealth measures.
  • Speculation exists about future technical threats affecting private key custody.

Market Implications

  • The recent price drop highlights volatility and the importance of diversified investments.
  • Satoshi Nakamoto remains inactive despite the significant change in paper wealth.