Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Most Investors Are Wrong About Who Owns the Most Bitcoin. That Misunderstanding Is a Buying Opportunity.

Key PointsSatoshi Nakamoto owns an estimated 1.1 million BTC.

Bitcoin's price has recently dropped over 10% in just 30 days, but its long-term potential remains strong due to two key factors. First, Bitcoin's value is significantly lower than that of gold, another popular asset. Second, the largest Bitcoin holder will likely never sell their coins, which are estimated to be worth 11% to 18% of all Bitcoin in existence.

Satoshi Nakamoto, the creator of Bitcoin, is believed to hold around 1.1 million BTC, but these coins are mostly dormant and not actively traded. In fact, about 2.3 million to 3.7 million Bitcoins are permanently lost, meaning they are irretrievable. This hidden supply of Bitcoin makes its actual market size potentially much smaller than most investors think.

If this hidden supply is released, it could cause significant fluctuations in Bitcoin's value, potentially offering a buying opportunity. Bitcoin's market cap currently stands at $1.5 trillion, while gold's total market value is estimated at $28 trillion. By closing this valuation gap, Bitcoin could see a long-term upside of nearly 2,000%.

Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at nasdaq.com →

More in Finance & Markets

More from Saturday 14 November →