Bitcoin’s Mysterious Creator Is (Almost) the World’s 10th Richest Person
Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is now among the wealthiest individuals — or group of individuals — on the planet, without ever moving a single dollar of their fortune or revealing any identifying details about themselves.
With BTC climbing above $122,000 on Monday, Satoshi’s estimated 1.1 million coins are worth over $134 billion, according to public blockchain data.
That would place them just outside the global top 10 richest people, ahead of names like Dell Computers CEO Michael Dell and Walmart heir Rob Walton, and inching closer to former Microsoft CEO Steve Ballmer and legendary investor Warren Buffett according to the Forbes real-time billionaires list.
The stash is within touching distance of Google co-founder Sergey Brin, who has as estimated net worth of $142 billion.
Satoshi's wallet, which got all its holdings from mining the network in its earliest days, has remained untouched since 2010. The network was still able to be run on a few laptops at the time.
None of the BTC has ever moved, sparking endless speculation about whether Nakamoto is dead, missing or simply committed to never interfering with the project again.
Unlike most billionaires, Satoshi didn’t build a company, pitch to VCs, or list anything on the stock market. And 16 years later, that quiet drop has helped spawn a $2.4 trillion network at current valuations.
Bitcoin notched a new all-time high this week, buoyed by renewed ETF inflows, inflation-hedge narratives, and persistent demand from institutions. While Satoshi’s fortune is theoretical — as none of it has been sold or verified as accessible — the valuation highlights just how far crypto has come since Satoshi's final forum post in 2011.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TSMC’s $2 Billion Silicon Interposer Order Given to GlobalFoundries, Key CoWoS Components to be Produced in the U.S. for the First Time
This move marks the official extension of a key link in the AI packaging supply chain to the United States. Analysis indicates that the five-year long-term contract reflects TSMC's strong long-term outlook for silicon interposer demand. Meanwhile, Taiwanese companies UMC and PSMC are actively expanding capacity to compete for orders, but this major order has been secured by GlobalFoundries, meaning that American production capacity will become a new factor in the silicon interposer market landscape over the next five years.
Gasoline Prices Rise in Tandem with Election Poll Trends! Goldman Sachs: With 26 Days Left Until the Midterm Election, Probability of a Democratic Sweep Rises to 65%
Goldman Sachs states that the probability of a Democratic sweep has risen to 65%, but polls in red states have historically overestimated their advantage; the rise and fall of oil prices is the decisive variable.
Goldman Sachs continues to be bullish on PJM exposure IPP: Preferred Talen Energy (TLN.US), NRG Energy (NRG.US), and Vistra (VST.US)
FERC has essentially rejected the PJM electricity proposal. Goldman Sachs states that regulatory risks have been disproven and is optimistic about three buy-rated targets: Talen Energy, Vistra, and NRG Energy. The capacity auction price for December is expected to approach the upper clearing limit.
Crypto prices
More
