How can Bitcoin ever become a successful global currency when a single entity is in possession of 5-10% of what will ever be in circulation?! If he decides to sell at any point, huge inflation is guaranteed.
I know it's likely that he'll never sell the coins for the sake of anonymity and personal safety, or for the sake of the system. Possible he has even destroyed the private keys. But it doesn't seem certain enough that we can make that assumption.
I'm a little surprised that this hasn't been more widely discussed - so am I missing something?
Do you know how much money FED has printed and handed over to commercial banks to buy their MBS after financial crisis? 75% of total USD money supply.
And why didn't you see any significant inflation until now? Because those banks are very aware of the potential inflation those money might cause if they were put into circulation, so they saved all of those money back into FED and receive an interest and spend only those interest
Similarly, satoshi will also be aware of the consequence of his spending, and even if he dump all of his coins, the effect is limited
Another example is gold, world central banks hold more than 17% of the gold on the earth, but they will never dump those gold, that will push the gold price down dramatically