Satoshi Nakamoto, the anonymous creator of Bitcoin , is now the world’s 20th wealthiest person

Satoshi Nakamoto, the architect of the Bitcoin network, joined the world’s top 20 richest billionaires list in mid-April, but his fortune plunged as bitcoin’s price fell. This week, Nakamoto was re-inducted into the top 20 richest individuals on the planet. Nakamoto was the 19th richest person on the globe the previous time he was listed, and he is now the 20th richest person on the planet this time.

6 Months After Bitcoin’s All-Time High, Satoshi Nakamoto Becomes the 20th Wealthiest Person in the World

Bitcoin (BTC), the most popular cryptocurrency, has soared above the $60K mark, reaching a high of $62,945 on Friday. Using today’s exchange rate and the estimated bitcoin hoard Satoshi Nakamoto apparently holds, Bitcoin’s creator is the 16th richest person or individual on the planet. When News last covered this story, Nakamoto had risen from 159th richest person on the planet to 19th in just five months. Six months later, on October 17, 2021, using today’s BTC exchange rates, Nakamoto is now the world’s 20th richest person(s).

People think Satoshi Nakamoto owns all of this money since it’s estimated that the Bitcoin creator has about 1 million bitcoins. Of course, there are lower-bound estimates that claim Nakamoto only owns 750,000 BTC and upper-bound ones that claim he has moreover 1.1 million BTC. Because he, she, or they obtained it within the first year of BTC’s existence, the creator also controls all the forks connected to the hoard, the crypto community estimates Nakamoto possesses about 1 million bitcoin.

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Between Bitcoin and 3 Forks, Nakamoto Has Roughly $61 Billion in Unspent Wealth

Nakamoto will hold about $60.7 billion in bitcoin (BTC), $625 million in bitcoin cash (BCH), $169 million in bitcoins (BSV), and $191 million in cash on October 17, 2021. (formerly known as BCHA or Bitcoin ABC). That brings the total value of those four networks to $60.9 billion, putting Bitcoin’s creator in 20th place on Forbes’ real-time billionaire’s list. Satoshi Nakamoto’s net worth exceeds that of China’s billionaire Zhang Yiming. However, Nakamoto’s fortune is less than that of the world’s 19th richest person, Walmart’s Rob Walton, who is worth $75.3 billion.

Bitcoin’s creator still has a long way to go to catch up to the world’s two wealthiest individuals, Elon Musk and Jeff Bezos. According to Forbe’s real-time billionaires list, Musk is worth about $214.8 billion today, while Jeff Bezos is worth around $197.8 billion. To surpass Musk’s net worth, a single BTC must be valued at moreover $215K per unit. If BTC reaches $100,000 this year, Bitcoin’s creators will be among the top ten wealthiest people in the world, with Warren Buffet and Mukesh Ambani.