https://cointelegraph.com/explained/bitcoin-supply-is-shrinking-will-saylors-relentless-btc-buying-cause-a-supply-shock

analyst Axel Adler Jr. said that Bitcoin’s network is gradually increasing usage without signs of profit-taking or panic.

Daily average transactions climbed from 340,000 to 364,000 over the past two days, but remain below the 530,000–666,000 peaks seen during its previous market tops. Adler explained that this reflects a composed market environment and said,

“There are no signs of active coin selling in the market. This strengthens both the fundamental and technical bullish signal.”

📊MARKET UPDATE: Daily https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw

— Cointelegraph Markets & Research (@CointelegraphMT) https://twitter.com/CointelegraphMT/status/1943667454242349386?ref_src=twsrc%5Etfw

Meanwhile, Cointelegraph https://cointelegraph.com/news/bitcoin-price-likely-to-hit-dollar130k-before-serious-profit-taking-kicks-in

these wallets now hold 250,000 BTC, the highest level of 2024. The 30-day demand has jumped 71%, up from 148,000 BTC in late June, reflecting renewed conviction among long-term buyers.

?itok=mg9sy0Iy

Bitcoin’s creator, Satoshi Nakamoto, became the 11th richest person in the world after Bitcoin tapped $120,000 on Sunday.

https://cointelegraph.com/news/satoshi-nakamoto-11th-richest-billionaire-bitcoin-holdings

to blockchain analytics company Arkham.

This would, in theory, place Nakamoto at number 11 on Forbes’ richest billionaires list, https://www.forbes.com/real-time-billionaires/#27750b413d78

Michael Dell, CEO of tech giant Dell Technologies, with a net worth of $125.1 billion.

However, Forbes’ billionaires list doesn’t consider https://cointelegraph.com/explained/crypto-wallets-explained

holdings when evaluating billionaires; instead, it tracks individuals’ publicly verifiable holdings, such as stocks.

?itok=CzYSUZ7S

Source: https://x.com/arkham/status/1943725204955340818

Path for Nakamoto to become number 1

Bitcoin crossed just over $120,000 on Monday, https://cointelegraph.com/news/btc-hits-new-all-time-high-119k

; however, it still isn’t quite high enough for Nakamoto to take the top spot on the Forbes billionaire list.

https://cointelegraph.com/news/elon-musk-confirms-new-america-party-will-embrace-bitcoin

, the tech entrepreneur and CEO of SpaceX and Tesla, is ranked as the richest billionaire in the world on Forbes’ list, with a net worth of over $404 billion.

?itok=R1ZLp_D2

Elon Musk is currently the top-ranked billionaire with a fortune of over $404 billion. Source: https://www.forbes.com/real-time-billionaires/#27750b413d78

Larry Ellison, co-founder of software company Oracle, is second on the list with a fortune estimated to be $274 billion. Meta CEO Zuckerberg rounds out the top three with $274 billion to his name.

Bitcoin would need to spike another 208% to hit $370,000 for Nakamoto to take the top spot, but only if the other billionaires’ net worths are unchanged.

Nakamoto could keep climbing

In a June 2 post on X, Bloomberg analyst Eric Balchunas https://x.com/EricBalchunas/status/1929513206176752029

that Nakamoto could become at least the second-richest billionaire by the end of 2026.

He said that if Bitcoin does its “normal 50%/ann,” then Nakamoto will likely climb to number two “sometime next year-ish.”

“It’s fascinating to ponder that the founder of something so successful never cashed in. It echoes Jack Bogle in that regard,” Balchunas added.

?itok=iuNfI9at

Source: https://x.com/EricBalchunas/status/1929513206176752029

John “Jack” Bogle, the founder and chief executive of The Vanguard Group, died in 2019 with a reported net worth of $80 million, when most of his peers were billionaires.

On Thursday, 10x Research head https://cointelegraph.com/news/bitcoin-price-traders-not-prepared-surge-september-analyst-forecasts

there’s a 60% chance for Bitcoin to register a 20% gain in the next two months and hit $133,000 in September.

In May, Bitwise chief investment officer Matt Hougan https://cointelegraph.com/news/bitcoin-supply-crunch-boosts-confidence-200k-target-2025-bitwise-cio

that he thinks Bitcoin could hit $200,000 by the end of 2025, driven by a supply shock from surging institutional demand.

Meanwhile, BitMEX co-founder Arthur Hayes https://cointelegraph.com/magazine/bitcoiner-arthur-hayes-doesnt-care-btc-price-predictions-wrong/#:~:text=Hayes%20holding%20strong%20on%20%24250%2C000,drawdown%20on%20the%20way%20there.

would hit $250,000 by the end of the year.

How do other Bitcoin whales stack up against Nakamoto

Nakamoto holds more Bitcoin than anyone else by a significant margin. Corporations and custodians hold 847,000 total, or 4% of Bitcoin’s capped supply, https://bitbo.io/news/corporate-bitcoin-holdings-q2-2025/

to BiTBO.

A small group of individuals also has an https://cointelegraph.com/news/bitcoin-rich-list-2025

. The Winklevoss twins, the founders of crypto exchange Gemini, are estimated to hold about 70,000.

Tim Draper, a venture capitalist and early Bitcoin backer, holds around 30,000, which he bought at a 2014 US Marshals auction. Strategy co-founder Michael Saylor also has a private stash outside his company’s holdings of around 17,732.

https://cms.zerohedge.com/users/tyler-durden

Mon, 07/14/2025 - 09:45

https://www.zerohedge.com/crypto/bitcoin-tops-120k-satoshi-nakamoto-becomes-worlds-11th-richest-person