Satoshi Nakamoto: Bitcoin's creator is currently 20th Richest Person on Earth
Satoshi made headlines in April this year when he joined the billionaire's club. The money maker became the 20th richest person on earth in mid April after the coin rose so big. He went as far as holding position 19. Tables however turned and Satoshi was replaced and disappeared into thin air.
Now, the good news is, Bitcoin has grown and so has Satoshi's net worth. He has reclaimed his position and is currently sitting there unapologetically, though dangerously. Bitcoin's value can even drop after you finish reading this article, so Satoshi doesn't have too much to celebrate.
Satoshi Nakamoto: The 20th Richest Person
Satoshi created Bitcoin in 2008 and to date, there's a lot to look at. But then a lot of unanswered questions surround the creation of Bitcoin. To illustrate, the mysterious coin was released to the market in 2008. Ever since, more than 10 individuals claim to be behind this creation.
So there's no known individual to be credited with the creation of Bitcoin. Other cryptocurrencies like dodgecoin and even ethereum have known creators. Bitcoin however is a unique member of this category.
Barely six months after Bitcoin's all-time high
Just six months after the leading digital currency hit an all-time high value, Satoshi is again the world's 20th richest person. Bitcoin's rise in mid April pushed Satoshi from 159th richest person in the world to position 19. As of the writing of this article, Satoshi is at position 20. Additionally, 1 Bitcoin equates to $73k.The top coin has skyrocketed past the $60k and is now as high as $70.
Now, the reason as to why we assume that Satoshi owns all this wealth is because it's estimated that Bitcoin's creator boasts around 1 million BTC. Other estimates also put it at 750,000 BTC, and there are those that say it's around 1.1 million BTC. Analysts however, and the Crypto community at large put it to be 1 million. And, because the inventor acquired this amount during its inception, he owns all the forks tied to the stash as well.
Nakamoto the unknown billionaire
According to analysis done on October 17, 2021, Nakamoto owns roughly $60.7 billion in bitcoin (BTC), $625 million in bitcoin cash (BCH), $169 million in bitcoins (BSV), and $191 million in ecash (formerly known as BCHA or Bitcoin ABC). That’s a grand total of $60.9 billion between those four networks which places Bitcoin’s inventor at the 20th position in Forbe’s real-time billionaires’ list. Satoshi Nakamoto is above the net worth of Zhang Yiming, the billionaire from China. However, Nakamoto’s wealth is below the world’s 19th richest as Walmart’s Rob Walton has around $75.3 billion to his name.
Bitcoin’s inventor now has to catch up to the world’s two richest people which include Elon Musk and Jeff Bezos respectively. Musk has around $214.8 billion in wealth today according to Forbe’s real-time billionaires’ list and Jeff Bezos owns around $197.8 billion. In order to overtake Musk’s net worth, a single BTC will need to be valued at over $215K per unit. If BTC taps $100K this year, Bitcoin’s inventor will be in the top 10 richest person(s) list next to Warren Buffet and Mukesh Ambani.
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