Has Bitcoin's founder Satoshi Nakamoto become the 19th wealthiest person globally?
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Has Bitcoin's founder Satoshi Nakamoto become the 19th wealthiest person globally?
Bitcoin hit a new record high of $93,495 on Wednesday.
Navigating Web3 tides with focused insightsTranslation: Baihua Blockchain
In a striking development, Bitcoin creator Satoshi Nakamoto has entered the ranks of the world's wealthiest individuals. As Bitcoin's value surges, Nakamoto's estimated holdings have propelled him to 19th place on the global billionaire list. Bitcoin historian Pete Rizzo shared this fact in a recent tweet: "At a Bitcoin price of $90,000, Satoshi Nakamoto is now the 19th richest person in the world."
Satoshi Nakamoto is the pseudonym used by the individual or group who developed Bitcoin, authored the Bitcoin whitepaper, and created and deployed Bitcoin’s original reference implementation.
It is believed that Nakamoto owns approximately one million Bitcoins—coins that have remained untouched since their creation. As Bitcoin’s price reaches new highs, the value of these holdings has surged dramatically. According to a screenshot shared by Rizzo, the stash is now worth $90 billion, placing Nakamoto at 19th position among the world’s wealthiest individuals.
However, despite various claims—including an HBO documentary and assertions from certain dubious figures—the true identity of Satoshi Nakamoto remains unknown. The search for Nakamoto has spanned over a decade, yet the mystery endures.
On Wednesday, Bitcoin broke past $93,000, setting a new all-time high, and the rally shows no immediate signs of slowing. In recent weeks, the world’s largest cryptocurrency has been at the center of one of the most notable market movements, briefly reaching an unprecedented high of $93,495 before slightly pulling back.
At the time of writing, Bitcoin (BTC) had risen 4.56% over the past 24 hours to $91,311, and was up 22% over the past week. This momentum brings earlier predictions of a $100,000 price tag well within reach. According to Deribit statistics, bullish options bets are heavily concentrated on Bitcoin surpassing $100,000. U.S. Bitcoin exchange-traded fund (ETF) platforms saw inflows exceeding $1 billion earlier this week.
Although Galaxy Digital CEO Michael Novogratz stated that the likelihood of the U.S. establishing a strategic Bitcoin reserve is low, he noted that if such a plan were implemented, Bitcoin’s price could soar to $500,000.
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