It is estimated that Satoshi Nakamoto owns 1.1 million BTC. What would happen if he suddenly sold his entire stake?
>BIT COIN ISNT CENTERALIZED!!>alos bit coin:
>>59249321It would pump just to liquidate you.
>>59249321he's either dead or lost the wallet
>>59249321There hasn’t been a single movement from that address since like 2013 and satoshi fell of the face of the earthHe’s likely dead or in a coma somewhere
>>59249724Pic related is flagged as spam. But it's true. And mr old man satoshi's wallet proves it.
>>59249681>creates incredibly sophisticated world changing software from scratch>woops forgot my login
>>59249321bullish for link
>>59250267not that sophisticated it's relatively little code desu good idea though
>>59249321It think the price might go down.
>>59249321Impossible. Bitcoin maxis told me he is dead.
>>59249321The first B500 would take the price down to 2c eachThe next B1,099,500 would be bought up by my limit order for all of them for $21,990You would take up from your onanistic induced slumber five hours later to discover you had missed out, and NOW the price is $23m each
>>59250259There are two satoshis for every cent on earth. You used to be able to buy a newspaper or a 1 mile train fare for 1 cent. We will be fine.
>>59250267the wallet was worth .0000000000001 cent when it was made anon.
>>59249321What if he burn them?
>>59249321Satoshi has 1.1 million BTC, this places his total net worth at $103,400,000,000. Making him one of the richest people to ever exist.
>>59251149This is in theory, because in reality he wouldn't be able to cash out more than 1000 without absolutely decimating the market, bar even the market knowing that he owns such an amount. He basically holds 60% of the entirety of BTC's market cap, which simply cannot just be cashed out in one go.
>>59251158you could say the same about peoples like bezos musk etc
