In mid-April the creator of the Bitcoin network, Satoshi Nakamoto entered the world’s top 20 richest billionaire list but after bitcoin’s price dropped, the inventor’s wealth plummeted. This week, Nakamoto once again joined the top 20 richest people on the planet. The last time, Nakamoto made the 19th position, and this time around, Bitcoin’s inventor is now the 20th richest person(s) on the face of 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 stash of bitcoin Satoshi Nakamoto reportedly owns, indicates that Bitcoin’s inventor is the 16th richest person or persons worldwide. 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. Using today’s BTC exchange rates on October 17, 2021, six months later, Nakamoto is now the 20th richest person(s) worldwide.
The reason people assume that Satoshi Nakamoto owns all this wealth is because it is estimated that the inventor of Bitcoin owns around 1 million BTC. Of course, there are lower-bound estimates which say the inventor only collected 750,000 BTC and then upper-bound estimates that assume 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 BTC’s first year of existence, the inventor also owns all the forks related to the stash.
Between Bitcoin and 3 Forks, Nakamoto Has Roughly $61 Billion in Unspent Wealth
This means that on October 17, 2021, Nakamoto owns roughly $60.7 billion in bitcoin (BTC), $625 million in bitcoin cash (BCH), $169 million in bitcoinsv (BSV), and $191 million in ecash (formerly known as BCHA or Bitcoin ABC). That’s a total of $ 60.9 billion between these four networks, which puts the inventor of Bitcoin at number 20 on Forbe’s list of real-time billionaires. Satoshi Nakamoto is above the net worth of Zhang Yiming, the billionaire from China. However, Nakamoto’s wealth is less than the 19th richest in the world, as Walmart’s Rob Walton has around $ 75.3 billion under his belt.
What’s pretty amazing is that one of the world’s 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 this is why the inventor has never and will never spend the stash of 1 million coins collected when the creator kick-started the BTC network. However, Nakamoto may still be alive and can still have access to these riches.
Bitcoin’s inventor still has to catch up to the world’s two richest people which 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 overtake Musk’s net worth, a single BTC will need to be valued at over $215K per unit. If BTC mine $ 100,000 this year, the inventor of Bitcoin will be on the top 10 richest list alongside Warren Buffet and Mukesh Ambani.
