In mid-April, the creator of the Bitcoin network, Satoshi Nakamoto, entered the list of the 20 richest billionaires in the world, but after the fall in the price of bitcoin, the inventor’s wealth plummeted. This week, Nakamoto once again joined the top 20 richest people on the planet. Last time around, Nakamoto reached the 19th position, and this time around, the inventor of Bitcoin is now the 20th richest person on the planet.
6 months after Bitcoin’s highest record, Satoshi Nakamoto becomes 20th richest person in the world
The main crypto asset Bitcoin (BTC) soared past the $ 60,000 grip and hit a high of $ 62,945 on Friday. Using today’s exchange rate and the estimated reserve of bitcoin that Satoshi Nakamoto is believed to own, indicates that the inventor of Bitcoin is the 16th person or richest people in the world. The last time Bitcoin.com News reported on this topic, Nakamoto went from the 159th richest person in the world to the 19th in just five months. Today’s use BTC exchange rate on October 17, 2021, six months later, Nakamoto is now the 20th richest person in the world.
The reason people assume that Satoshi Nakamoto owns all this wealth is because it is estimated that the inventor of Bitcoin has around 1 million. BTC. Of course, there are lower estimates which indicate that the inventor only collected 750,000 BTC then upper bound estimates which assume that Nakamoto has more than 1.1 million BTC. The crypto community as a whole assumes that Nakamoto owns around 1 million bitcoins and because he acquired it in the first year of BTC, the inventor also owns all the forks related to the hiding place.
Between Bitcoin and 3 Forks, Nakamoto has around $ 61 billion in unspent wealth
This means that as of October 17, 2021, Nakamoto has around $ 60.7 billion in bitcoin (BTC), $ 625 million in Bitcoin cash (BCH), $ 169 million in bitcoinsv (BSV), and $ 191 million in ecash (formerly BCHA or Bitcoin ABC). This is a total of $ 60.9 billion between these four networks, which places the inventor of Bitcoin at the 20th position in Forbe’s Real-Time Billionaire List. Satoshi Nakamoto exceeds the net worth of Zhang Yiming, the Chinese billionaire. However, Nakamoto’s wealth is less than the 19th richest in the world, as Walmart’s Rob Walton has around $ 75.3 billion to his credit.
What is quite astonishing is that one of the 20 richest people in the world is the mysterious inventor of Bitcoin. A person or group of people who have yet to spend a single penny of the $ 60.9 billion in crypto assets. Some people assume that Nakamoto may have passed away and that is why the inventor never spent and will never spend the stash of a million coins collected when the creator launched the BTC network. However, Nakamoto may still be alive and can still have access to these riches.
The inventor of Bitcoin has yet to catch up with the two richest people in the world who include Elon Musk and Jeff Bezos respectively. Musk has about $ 214.8 billion in wealth today according to Forbe’s Real-Time Billionaire List and Jeff Bezos has about $ 197.8 billion. In order to exceed Musk’s net worth, only one BTC should be valued at more than $ 215,000 per unit. Yes BTC touches $ 100,000 this year, the inventor of Bitcoin will be on the list of the 10 richest people alongside Warren Buffet and Mukesh Ambani.
Tags in this story
19th position, 20th richer, BCH, Bitcoin (BTC), Bitcoin Stash, BSV, BTC, BTC Stash, BTG, centibillionaire, Elon Musk, jeff bezos, Jim Walton, Nakamoto, Rob Walton, Sam Walton, Satoshi, Satoshi Nakamoto, Satoshi’s Stash, Sergio Demian Lerner, unknown satoshi, Whale Alert, World’s Richest, the 20 richest in the world
What do you think of Bitcoin inventor Satoshi Nakamoto becoming the 20th richest person on planet Earth? Let us know what you think of this topic in the comments section below.
Jamie Redman is Head of News at Bitcoin.com News and a FinTech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code, and decentralized applications. As of September 2015, Redman has written over 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.
Image credits: Shutterstock, Pixabay, Wiki Commons
Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.