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Bitcoin Creator Satoshi Becomes 11th Richest in The World

The creator of Bitcoin, Satoshi Nakamoto, is currently the 11th richest person in the world, with a net worth of $133 billion. Nakamoto has surpassed Bill Gates, the founder of Microsoft, whose net worth ranges between $117 billion and $125 billion. Elon Musk, the owner of Tesla, holds the top position with a net worth between $393.1 billion and $405 billion. He is followed by Larry Ellison, the owner of Oracle, with a net worth of $274 billion to $275.9 billion, and Mark Zuckerberg, the owner of Meta Platforms, whose net worth is between $246 billion and $247.9 billion.

On June 2, Bloomberg analyst Eric Balchunas posted on X that Satoshi Nakamoto could become the world’s second-richest person by the end of the year 2026. He said that if Bitcoin’s value keeps growing at its usual rate of about 50% per year, Nakamoto’s wealth tied to their large Bitcoin holdings would likely make them the second-wealthiest billionaire sometime next year. Balchunas noted that it is interesting that Nakamoto, despite creating something as successful as Bitcoin, has never cashed in. Nakamoto has consistently held 1.096 million bitcoins in his wallet since he created them.

In August 2008, Satoshi Nakamoto created Bitcoin and registered the website bitcoin.org. On October 31, he shared a document describing Bitcoin as a digital cy that lets people send money directly to each other online. On January 9, 2009, he launched Bitcoin’s software and created its first block, earning 50 Bitcoins. Today, Bitcoin reached an all-time high of $122,000 and is currently trading at $121,577. The market cap stands at $2,416,633,319,299, showing a 2.9% increase in the last 24 hours. The current trading volume is $57,504,957,459.

Terron Gold