Cryptocurrency market instability
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Satoshi Nakamoto's Wealth Takes a 34% Hit as Bitcoin Plummets
Yahoo Finance· 2025-11-22 20:16
Core Insights - Satoshi Nakamoto's net worth has decreased by 34%, now valued at $90.7 billion, down from a peak of $137 billion in October [1][3] - The decline in Nakamoto's wealth, amounting to $47 billion, has resulted in a drop to the 20th position on the Forbes billionaire list, just behind Bill Gates [2][3] - The cryptocurrency market is experiencing significant instability, with Bitcoin's value recently dipping to a seven-month low near $80,000, contributing to the erosion of Nakamoto's net worth [4][5] Market Performance - Bitcoin has erased its year-to-date gains, showing a 12% decline in 2025, while Ethereum has decreased nearly 19% [5] - At the time of reporting, Bitcoin was trading at $83,921, indicating a slight recovery of 2% from previous lows [4] Implications - The downturn in the cryptocurrency market highlights the volatility and risks associated with digital currencies, affecting both individual investors and key figures in the industry like Nakamoto [5]