Will Satoshi Nakamoto soon be the world’s richest person?
Satoshi Nakamoto, the creator of the Bitcoin, could very well become the world’s richest person in a few years time. If you’re wondering how on earth would that be possible, wait till you hear the number of Bitcoins that he owns!
Satoshi Nakamoto, the name that the crypto world looks up to, is the unknown creator of the world’s first cryptocurrency, the Bitcoin. Ever since he created it in 2009, he has been working under this pseudonym and not once has his identity been revealed. As a matter of fact, we don’t even know if it’s just one person or a group of people!
So how many Bitcoins does Satoshi Nakamoto have? Several people around the world discuss about this pretty frequently on Bitcoin talk forums. Most of them say that he owns a whopping 1 million Bitcoins! However, according to a research by Sergio Demian Lerner, Nakamoto owns approximately 980,000 Bitcoins, which are distributed over thousands of Bitcoin wallets. It is said that he acquired them during the early days of Bitcoin mining as the reward for adding a block to the blockchain was much higher than that of today.
As of today, the Bitcoin price stands at $8,285 USD. This means that if Nakamoto really owns 980,000 Bitcoins, his net worth is $8.1 Billion USD. This would easily put him on the list of the world’s richest people (within 200 positions).
As of December 17, 2017, the Bitcoin price hit its highest ever, which was $19,783 USD. Nakamoto’s net worth would have been roughly $19.38 Billion USD, which would put him comfortably on the list of 100 richest people in the world. However, the drop in Bitcoin price since then has pushed him down the list. But how could he become the world’s richest man in a span of a few years?
According to the Forbes’ list of the world’s richest people, Jeff Bezos stands at the first position with a net worth of over $112 Billion. For Nakamoto to surpass him, the value of one Bitcoin should become roughly $115,000 USD. With the way the Bitcoin is increasing in value over the past few months, experts say that it could very well hit $25,000 by the end of 2018.
Tim Draper, the tech Billionaire and crypto investor, has predicted that the Bitcoin value would reach $250,000 by the end of 2022. If this really happens, Satoshi Nakamoto would comfortably sit in the first position on the list of the world’s richest people.
Will Nakamoto reveal his identity then? Will he finally start spending his Bitcoins? Only time would tell.
Image source: Shutterstock