Satoshi About to Surpass Bill Gates

12/16/2024 13:57
Satoshi About to Surpass Bill Gates

Satoshi Nakamoto is climbing up the billionaire list as Bitcoin keeps hitting new record highs

Satoshi Nakamoto is climbing up the billionaire list as Bitcoin keeps hitting new record highs

Satoshi About to Surpass Bill Gates

Cover image via www.freepik.com

Following Bitcoin's most recent price surge, Satoshi Nakamoto, the mysterious creator of the original cryptocurrency, has become the 16th richest person in the world. 

The enigmatic Bitcoin founder now has an estimated net worth of $106 billion, surpassing Bloomberg L.P. co-founder Michael Bloomberg. 

Satoshi is also on track to move ahead of Microsoft co-founder Bill Gates.

As reported by U.Today, the price of the leading cryptocurrency hit a new all-time high of $106,533 earlier today on the Bitstamp exchange. Bitcoin has now surged by more than 65% during this quarter, with its market cap surpassing $2 trillion yet again. 

Related

Satoshi-Era Whale Transfers 2,000 BTC After 14 Years of Dormancy

However, it should be noted that the aforementioned ranking is ambiguous since it is unclear whether Satoshi is one person. 

Moreover, billionaire Mike Novogratz, for instance, believes that the founder of Bitcoin is no longer alive. 

As reported by U.Today, US-based Bitcoin exchange-traded funds recently surpassed Satoshi as the top holders of the leading cryptocurrency. 

According to blockchain sleuth Chainalysis, Satoshi's Bitcoin holdings stand at 1.124 million BTC. However, this sum might not take into account some additional wallets. 

Related

Satoshi Nakamoto Made Final Post on Bitcoin Forum on This Date 14 Years Ago

The unresolved mystery surrounding Satoshi's identity remains a major wild card, and its reappearance could cause market mayhem. 

Earlier this year, HBO released a much-talked-about documentary that identified Canadian cryptographer Peter Todd as the creator of Bitcoin. However, it was widely panned within the cryptocurrency community after failing to bring anything new to the table. 

About the author

article image

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

Related articles

Advertisement

TopCryptoNewsinYourMailbox

TopCryptoNewsinYourMailbox

Read more --->