Bitcoin's Creator Satoshi Nakamoto: The Biggest Crypto 'Whale'
Bitcoin's creator, Satoshi Nakamoto, is suspected to be the largest 'whale' in the crypto world, holding a substantial number of coins. Whales, influential individuals or organizations with considerable cryptocurrency, can significantly impact the bitcoin price with their transactions.
Crypto whales, owning around 90% of bitcoin, have the power to manipulate the bitcoin price. Over one million wallet addresses hold almost all bitcoins, raising concerns about decentralization. Becoming a whale involves acquiring assets to influence the market, with different stages based on bitcoin ownership.
Recently, the number of bitcoin addresses holding over $1 million has decreased by nearly 1,000 daily due to bitcoin price drops. Despite this, whales' movements can still trigger massive bitcoin price swings, affecting bitcoin price predictions. To protect assets from whale-related instability, investors can diversify their portfolio and use stop-loss and staggered orders. Bitcoin's decentralized nature means no single institution or government can control the bitcoin price.
Satoshi Nakamoto, the creator of bitcoin, is believed to be the biggest whale, with a significant number of bitcoins. Whales, owning around 90% of bitcoin, can manipulate the bitcoin price, raising concerns about market manipulation. Despite recent losses, their movements can still cause substantial bitcoin price swings. Investors can protect their assets by diversifying their portfolio and using protective orders.
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