As Bitcoin (BTC) surpasses $118,000 (approximately 164.02 million won), the asset value of Satoshi Nakamoto, known as the creator of Bitcoin, is estimated to be around $130 billion (approximately 180.7 trillion won). This is because 1.1 million BTC tracked through blockchain data have remained untouched since 2009.
Meanwhile, a clear macro trend is emerging where institutional investors are shifting their interest from Bitcoin to XRP. Last week, XRP recorded an inflow of $189 million (approximately 262.7 billion won), surpassing Bitcoin, which saw an outflow of $175 million (approximately 243.7 billion won). The overall digital asset market also showed strong capital flows. The inflow of investment products over a week reached $19 billion (approximately 2.641 trillion won), and the cumulative inflow for July hit $11.2 billion (approximately 1.5568 trillion won), setting a new record. This significantly exceeds the $7.6 billion (approximately 1.0548 trillion won) that flowed in immediately after the December 2024 US presidential election.
Experts analyze this change as a signal of expanding institutional demand through structural asset diversification rather than a short-term price rally. Particularly, with growing interest in Ethereum (ETH) and Solana (SOL)-based products, there is a high possibility that the core of cryptocurrency portfolios will become more diversified in the future.
Meanwhile, despite a 10.75% decline over a week, meme coin Doge (DOGE) is seeing increasing investor optimism. According to data provider CoinGlass, 18.12 billion DOGE (approximately $438 million, about 6.0912 trillion won) flowed into the futures market, causing open interest to surge by 5.98% in a single day. This is interpreted as investors maintaining or expanding their positions, expecting a future rebound despite short-term price declines.
With the sharp increase in Satoshi Nakamoto's Bitcoin holdings, institutional asset reallocation centered on XRP, and individual investors' expectations for Doge forming the three main axes, the global cryptocurrency market is reaching a new turning point. There is growing anticipation that if capital flows and product diversification continue, a more mature ecosystem will be created rather than a concentration on specific cryptocurrencies.
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