The finite supply of Bitcoin is more transparent than the corporate issuance of stock because the total number of Bitcoins that will ever exist is fixed at 21 million.
This means that there is a clear limit to the supply of Bitcoin, and this limit is known to everyone who uses the currency.
OTH On the other hand, the issuance of corporate stock is not fixed, and the number of shares that a company can issue can vary depending on a number of factors, such as the company’s financial performance, market conditions, and regulatory requirements. This can make it difficult for investors to understand the true value of a company’s stock, as the number of shares outstanding can change over time.
Furthermore, the issuance of corporate stock can be subject to manipulation by company insiders, who may have the ability to issue new shares or buy back existing shares in order to influence the stock price. This can create a lack of transparency and trust in the stock market.
In contrast, the fixed supply of Bitcoin ensures that the currency is not subject to manipulation by any single entity, and the transparency of the blockchain technology used to record Bitcoin transactions ensures that all transactions are publicly visible and verifiable. This makes Bitcoin a more transparent and trustworthy currency than corporate stock.
2022 *an estimated 4 million BTC have been lost, effectively deflating the cryptocurrency’s circulating supply. Nakamoto mined over 22,000 blocks, and received well over one million bitcoins as cumulative block rewards. His (her/their) current ownership is believed to be around 1,000,000 BTC, which has a current value of more than $4,500,000,000 with a value of $45,000 per BTC.
As of today, there are just three separate Bitcoin addresses that hold more than 100,000 BTC. There are additional 83 owners who hold anywhere from 10,000–100,000 BTC. The 87 wealthiest addresses hold a little over 14% of all the total Bitcoin in circulation.
Does The US Government Own More Bitcoins Than Any Other BTC Holder?
March 31, 2023
The U.S. government currently holds more than 205,000 BTC as of March 27, making it the largest holder of the world’s largest digital currency, owing to its long history of seizures. The government initially seized 69,369 BTC from an individual X, who was connected to the Silk Road marketplace.
The U.S. government seized 50,000 Bitcoin in November, following the arrest and subsequent guilty plea of James Zhong, who was accused of wire fraud for manipulating the transaction system on the dark net market Silk Road in 2012.
It already started liquidating 51,351.89 BTC forfeited in the Ulbricht case. The government sold 9,861 BTC for a total of $215 million on March 14, 2023.
The remaining 41,490.72 BTC, which has a current value of $1.18 billion according to Bitcoin’s current price of $28,448, will be liquidated in four different batches this calendar year.
Despite concerns of selling pressure from the U.S. government, Bitcoin remains unaffected and continues to trade at range highs of $28,400.
Creator, Satoshi Nakamoto.
Nakamoto is believed to have around 1.1 million BTC that they have never touched throughout the years, leading to several theories regarding their identity and situation. “The Patoshi Pattern” crucially mimics the nonce pattern in almost all of the Bitcoin blocks that were mined in the first 14 days of the blockchain’s existence. This was the data-backed link that helped identify Patoshi-mined blocks and the BTC in the coin base transactions that therefore belong to Satoshi Nakamoto.
US Government’s Bitcoin Frenzy: 9,800 BTC Sold, 41,500 BTC To Follow
- The U.S. government holds more than 205,000 Bitcoin.
- The Silk Road scam led to the seizure of 119,369 Bitcoin.
BTC Maxis admit that Satoshi owns the most bitcoin.
Barry Silbert is the founder of Digital Currency Group, which invests in popular cryptocurrency and blockchain companies.
Michael Saylor is the CEO of MicroStrategy, which is investing heavily in Bitcoin.
Cameron and Tyler Winklevoss are believed to be the first Bitcoin billionaires, reportedly holding about 70,000 coins.
Elon Musk’s company Tesla purchased $1.5 billion in Bitcoin in 2021 but is down to $191 million as of its 2022 annual filings.
Michael Novogratz founded Galaxy Digital Holdings, a broker-dealer and cryptocurrency and digital asset management firm.
2020 $1 trillion #Norwegian Pension fund now owns 577 btc.
2021 Chinese government owns 194,775 BTC
Whoever owns the most #BTC will literally rule the financial system.