Satoshi

Bitcoin

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Eric Balchunas, senior ETF analyst for Bloomberg, has&nbsp;<a href="https://x.com/EricBalchunas/status/1823080660765900805" rel="noopener noreferrer nofollow">predicted</a> that Satoshi Nakamoto, the mysterious creator of Bitcoin, is likely to cease being the biggest holder of the leading cryptocurrency by the end of this year.&nbsp;
He will be surpassed by US-based Bitcoin exchange-traded funds that already hold a combined 909,000 coins.&nbsp;
In fact, BlackRock's IBIT alone now holds 347,767 coins, which makes it the third-biggest holder of Bitcoin. "BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time," Balchunas noted.&nbsp;
On Monday, Bitcoin ETFs attracted another $27.9 million worth of net inflows.
MicroStrategy, the US government, the Chinese government, and Robinhood are also among the biggest Bitcoin holders. &nbsp;
<h2 id="satoshi-s-mysterious-wealth">Satoshi's mysterious wealth&nbsp;</h2>
Still, there are some debates about whether or not <a href="https://u.today/satoshis-bitcoin-message-still-rings-true-14-years-on-details" rel="noopener noreferrer nofollow">Satoshi</a> actually owns 1.1 million coins. According to BitMEX Research, there is actually little evidence to support such a claim. In fact, a single dominant miner could generate "only" up to 700,000 Bitcoins, according to its analysis.&nbsp;
Satoshi's massive Bitcoin fortune has always been considered a risk for the largest cryptocurrency since it could affect its monetary integrity.&nbsp;
The coins that are associated with the mysterious Bitcoin creator have not been moved in more than a decade. While it is unlikely that he eventually goes on a selling spree, it is still possible that whoever controls this fortune has a dead man's switch. If one day some of Satoshi's family members start liquidating Bitcoins en masse, this could prove to be a major issue for the market.&nbsp;

Satoshi to Be Surpassed as Biggest Bitcoin Holder This Year

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