Satoshi Nakamoto, the founder of the Bitcoin network, joined the top 20 richest billionaires list in mid-April, but his fortune plummeted once bitcoin’s price fell. Nakamoto has re-entered the list of the world’s top 20 wealthiest persons this week. The last time Nakamoto was ranked 19th, he is currently the world’s 20th wealthiest person(s).
Bitcoin (BTC), the most popular cryptocurrency, soared beyond the $60K mark on Friday 15,th October, reaching a high of $62,945. Using today’s exchange rate and Satoshi Nakamoto’s rumoured bitcoin stockpile, the inventor of Bitcoin is the 16th richest person on the planet. Nakamoto went from being the 159th richest person on the planet to the 19th in just five months, according to reports on Forbes. Nakamoto is currently the 20th richest person in the world, based on today’s BTC exchange rates on October 17, 2021, six months later.
People presume Satoshi Nakamoto owns all of this money because the Bitcoin creator is said to control approximately a million bitcoins. There are lower-bound estimates that indicate Nakamoto only acquired 750,000 BTC and upper-bound ones that say he has more than 1.1 million BTC. Because he obtained it during the first year of BTC’s existence, the inventor also owns all forks linked to the cache, according to the crypto community.
Nakamoto has $61 Billion in Unspent Wealth Between Bitcoin and Three Forks
Nakamoto will control around $60.7 billion in Bitcoin (BTC), $625 million in Bitcoin Cash (BCH), $169 million in Bitcoin SV (BSV), and $191 million in Ecash (formerly known as BCHA or Bitcoin ABC) on October 17, 2021. Between the four networks, Bitcoin’s inventor has a total worth of $60.9 billion, putting him in the 20th position on Forbes’ real-time billionaires’ list. Satoshi Nakamoto’s net worth is more than that of China’s billionaire Zhang Yiming. However, Nakamoto’s fortune is less than that of Walmart’s Rob Walton, who is estimated to be worth $75.3 billion.
What is even more incredible is that the unknown inventor of Bitcoin is one of the world’s 20 wealthiest people who has not yet spent any of the $60.9 billion in crypto assets. Some believe Nakamoto is dead, which is why the inventor has never and may never spend the 1 million coins he amassed when the BTC network was launched. Nakamoto, on the other hand, could still be alive and possess this wealth.
Bitcoin’s creator still has a long way to go to catch up with Elon Musk and Jeff Bezos, the world’s two wealthiest people. According to Forbe’s real-time billionaires list, Musk has a net worth of $214.8 billion, while Jeff Bezos has a net worth of $197.8 billion. A single BTC must be priced at above $215K per unit to surpass Musk’s net worth. Bitcoin’s creator, along with Warren Buffet and Mukesh Ambani, will be among the top ten wealthiest people in the world if BTC reaches $100,000 this year.
