Satoshi On Track to Lose Bitcoin Crown to BlackRock

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So, guess what? BlackRock’s iShares Bitcoin Trust ETF (IBIT) is strutting its stuff and might just outshine our beloved Satoshi Nakamoto as the top dog in the Bitcoin world by next summer! 🎉 According to Bloomberg’s very own crystal ball gazer, Eric Balchunas, this is not just a wild guess.

Right now, BlackRock is sitting pretty with a whopping 636,108 coins. That’s like having a treasure chest full of gold doubloons, but, you know, digital and less pirate-y.

Now, let’s talk about Satoshi. The elusive creator of Bitcoin is believed to be hoarding around 1.12 million coins. Yes, you heard that right! Back in 2013, a researcher named Sergio Demian Lerner played detective and figured out that Satoshi mined more than a million tokens. How? By spotting the “Patoshi pattern” in the nonce values of the early blocks. Sounds fancy, right? 🕵️‍♂️

But hold your horses! This estimate is about as solid as a wet paper towel. Even though Satoshi’s coins are often rumored to be on the move, they’re still sitting there, untouched, like that last slice of pizza no one wants to claim. Balchunas thinks they’re not going anywhere anytime soon. 🍕

The timeline could be shortened

Now, here’s the juicy part: If Bitcoin decides to flex its muscles and hit the $150,000 mark, a whole bunch of advisors might just jump ship to IBIT. 🚀 Balchunas claims this could “dramatically” speed up the timeline. Who knew Bitcoin could be so dramatic?

Sure, this whole institutional adoption thing might rain on the libertarian parade of Bitcoin, but Balchunas is convinced it’ll give Bitcoin some serious staying power. So, buckle up, folks! It’s going to be a bumpy ride! 🎢

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2025-05-20 18:23