Satoshi

Satoshi Nakamoto

Crown

Bitcoin ETF

Bitcoin

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According to leading ETF analyst Eric Balchunas, mysterious Bitcoin creator Satoshi Nakamoto is <a href="https://x.com/EricBalchunas/status/1828449947030520094" rel="noopener noreferrer nofollow">expected</a> to lose his status as the biggest holder of the leading cryptocurrency.&nbsp;
As noted by Balchunas, Satoshi now has close to 84% of the total Bitcoin holdings of Nakamoto.&nbsp;
The red-hot investment products are now expected to overtake Bitcoin by Halloween.&nbsp;
This impressive pace of inflows is faster than initially expected, according to Balchunas.&nbsp;
“US spot bitcoin ETFs now have 84% of the bitcoin that Satoshi has, on track to have more and take over the top spot by Halloween,” Balchunas noted.&nbsp;
As of Aug. 27, US Bitcoin ETFs hold a total of 921,540 BTC. As&nbsp;<a href="https://u.today/bitcoin-btc-price-under-pressure-despite-massive-inflows-of-blackrock-etf" rel="noopener noreferrer nofollow">reported by U.Today</a>, BlackRock's Bitcoin ETF recorded a staggering $224 million worth of inflows on Monday alone.&nbsp;
Nakamoto is believed to hold 1.1 million. However, some analysts believe that these holdings might be overestimated. For instance, Satoshi came up with a more modest estimate of roughly 700,000 BTC.&nbsp;
<h2 id="who-are-the-other-top-bitcoin-holders">Who are the other top Bitcoin holders?&nbsp;</h2>
The list of the top Bitcoin holders also includes the Binance exchange, business intelligence firm MicroStrategy, cryptocurrency trading platform Bitfinex as well as the U.S. and Chinese governments.&nbsp;
Still, it is not clear whether Satoshi has implemented some sort of a dead man's switch in order to pass on his exorbitant wealth.&nbsp;
If Satoshi's loved ones were to start their inherited Bitcoins, this could end up being a major black swan event for the market.&nbsp;
Earlier this year, <a href="https://u.today/bitcoin-btc-price-slips-as-mt-gox-repayments-pick-up-steam" rel="noopener noreferrer nofollow">Mt. Gox repayments</a> caused a major market meltdown. Satoshi's Bitcoins could potentially trigger a substantially more severe market shock.&nbsp;

Satoshi to Lose Bitcoin Crown by Halloween

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