October 31st is officially marked as the Bitcoin white paper day, a prosperous day for the crypto community to rejoice and bask in. This is the day when the progenitor of Bitcoin, Satoshi Nakamoto, presented his white paper describing the intricacies of Bitcoin as a legitimate currency, giving birth to the idea of digital currencies. Years after that, Nakamoto’s idea of a world where Bitcoin can become an alternative to centralized money banks has started to bear fruit, as global governments continue to pivot towards the asset. However, on this Bitcoin whitepaper day, Nakamoto’s fortune has taken a bigger hit, as the recent Bitcoin dip sours the celebratory atmosphere.
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Satoshi Nakamoto’s Fortune Takes a Hit
According to Arkham Intelligence, Satoshi Nakamoto’s Bitcoin fortune is down almost $5B in the last week. The founder of Bitcoin has a fortune worth billions stored in a wallet. However, as Bitcoin went down a notch due to the positive US-China trade talks development, Nakamoto’s fortune is down significantly, with his total fortune now sitting at $118.4B. In addition to this, Arkham Intelligence later shared how he is still one of the wealthiest people on the planet, richer than Mukesh Ambani, Michael Bloomberg, and Bill Gates.
“SATOSHI NAKAMOTO IS DOWN ALMOST $5 BILLION IN THE PAST 24 HOURS. The value of Satoshi Nakamoto’s holdings is down $4.9 billion in the past day, to a total of $118.4 billion. He is still wealthier than Mukesh Ambani, Michael Bloomberg, and Bill Gates.”
Bitcoin White Paper Day: Analysis of Bitcoin Over the Years
On October 31st, 2008, Satoshi Nakamoto presented the official Bitcoin white paper, discussing BTC and its usage in the broader currency ecosystem. Since the launch back in 2008, when BTC began trading at $0.06, to $109K at present, the currency has certainly come a long way.
That being said, Michael Saylor, the prominent Starbucks Bitcoin proponent and the former strategy CEO, has now issued a new price target for BTC. Per Saylor, BTC is now in line to hit $150K per coin, with chances of the coin eventually trading at $20,000,000 in the next 20 years.
“JUST IN: Michael Saylor gives the latest Bitcoin price predictions—$150,000Bitcoin by the end of the year, $1,000,000 Bitcoin over the next 4-8 years, and $20,000,000 Bitcoin over the next 20 years. Send it 🚀.”
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