$SUI : Looks promising, but let's talk risks. 🤷

We just dove into Grayscale's report on #SUI and found some interesting stuff. 💻👀 While SUI has potential, there are a few things to consider before jumping in.

First off, the competition is fierce.🔥$ETH and other blockchains are already established, and new players like $SOL are nipping at SUI's heels. 🗡️🛸 Secondly, SUI is still figuring out how to make money. 🥀Low fees are great, but they haven't translated into big profits yet.🙊

Another thing to watch is the token supply. A huge chunk of SUI is still locked up. 🔓📈 This could be good for future growth, but it could also lead to a price drop if too many tokens hit the market at once. Lastly, a big part of SUI is controlled by the Sui Foundation, 🤌 which could raise some centralization concerns.

So, while SUI is exciting, it's important to weigh these risks before investing. Want to read more, check out Grayscale's official X!! DYOR! #CryptoMarketMoves #Altcoins #ETH

$BTC $ETH $BNB
BTC is bullish after a bearish wave that was very strong, but will it return to the 60k area or not? Let us know. At the beginning, we see that the 57k area has resistance and was support. The area was broken, so BTC must retest the rise from this area, touching this area, and not rising means a new decline. We forget the lowest area that BTC reached previously and rebounded from, which was 57750. However, I expect a slight rise and then retesting the drop. If it fails, BTC will continue the rise. And do not forget the 57000 area and the 57450 area. If it is not closed above them, then there is no upcoming rise except retesting the rise again. Therefore, what is expected in the coming days is a free fall, as happened several days ago in all markets. An upcoming decline in the markets will be worse for BTC, the 57,000 area, a strong selling area. Therefore, beware of opening long trades in this area, and do not forget that this rise is very temporary.



#MarketDownturn #BTCMarketPanic #RecessionOrDip? #BTC #ETH

Who Owns The Most Bitcoin?

Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work.

How Many Bitcoin Does Satoshi Have?

As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since.

Individual Bitcoin Whales

Tyler and Cameron Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC.

Tim Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange.

Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin.

Michael Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull

Microstrategy 214,246
Blackrock 266,102
Grayscale 318,452

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