Satoshi Nakamoto is now one of the world’s wealthiest people as a result of the digital asset’s price rise.
Satoshi Nakamoto, the creator of Bitcoin, is now among the world’s wealthiest people as a result of the flagship digital asset’s recent price surge.
During its recent green run, the value of Bitcoin reached as high as $62,945 before retracing to its current value of around $62,000. Based on the current exchange rate and the estimated number of coins Satoshi reportedly possesses, he will be among the top 20 wealthiest people in the world.
Satoshi Nakamoto’s BTC holdings place him in the top 20 richest people in the world.
According to a Whale Alert report, the creator of “digital gold” is estimated to own around 1 million BTC, though some believe his stash is closer to 750,000 BTCs and others believe it is greater than 1 million. However, it is widely assumed that Satoshi Nakamoto owns one million bitcoins.
As a result, the current price increase would have increased the innovator’s wealth to around $60 to $61 billion, putting him in the top 20 of Forbes’ list of billionaires. It means he would be wealthier than China’s Zhang Yiming, but still far less than Walmart’s Rob Walton.
Notably, Satoshi Nakamoto is still a long way from the world’s richest person, Elon Musk, who is estimated to be worth around $214.8 billion. Before the innovator can buy out Tesla’s founder, the value of Bitcoin must reach at least $215,000.
However, if the value of the digital asset rises to $100,000, Nakamoto could become one of the world’s top ten richest people.
The identity of the Bitcoin creator has remained a mystery, with many people assuming that he or she died, as this could be the only explanation for why not a single penny from the stash has been spent since it was created.
While this is mostly conjecture, it should be noted that Nakamoto could still be alive and well.