Bitcoin falls over 30%, causing Satoshi Nakamoto's assets to shrink by $41 billion, with net worth dropping below that of Bill Gates
Due to the price of Bitcoin dropping more than 30% from its historical high at the beginning of October, Satoshi Nakamoto's net worth in Bitcoin has shrunk by $41 billion in just over a month.According to data from Arkham Intelligence, the total value of Bitcoin holdings associated with the wallets tracked has decreased from $137 billion a month ago to $95.8 billion. When the price of Bitcoin reached an all-time high of $126,080 in early October, the total assets were valued at $137 billion, ranking 11th on the Forbes Billionaires List, above Bill Gates. With the recent drop in Bitcoin's price to around $87,281, the net worth has fallen to $95.8 billion, below Bill Gates ($104.4 billion), dropping to 20th place on the billionaire list.Crypto experts have identified approximately 1.1 million BTC held through the Patoshi Pattern, a unique mining pattern in early Bitcoin blocks. Quantum computing threat: Some believe that as quantum computing technology advances, it poses a "survival threat" to the Bitcoin network (Q-Day), and this anonymous creator may speak out. Joseph Chalom, co-CEO of SharpLink Gaming, stated that he has a bold idea that in the next five to ten years, when the Bitcoin network needs to implement "quantum protection," there may be significant decisions regarding standards and encryption, at which point Satoshi Nakamoto might make an appearance.