Bitcoin Creator Satoshi Nakamoto's Fortune Surges Past Bill Gates

As of this writing, the wallet linked to Satoshi owned about $113.8 billion in Bitcoin, according to blockchain analytics firm Arkham.

Bitcoin BTC/USD's pseudonymous creator, Satoshi Nakamoto's estimated fortune has surged sharply, surpassing that of tech billionaire Bill Gates.

According to blockchain analytics firm Arkham, the wallet linked to Satoshi held an estimated $113.8 billion in Bitcoin at the time of writing.

On the other hand, the wealth of Microsoft co-founder Gates was estimated at $112.9 billion, according to Forbes’ Real-Time Billionaires list. Had Satoshi been ranked here, they would be the 12th-wealthiest person in the world.

It is collectively believed that Satoshi owns roughly 1.1 million Bitcoin, making up 5% of the coin's circulating supply.

Currently, Tesla and SpaceX CEO Elon Musk is ranked first on this super-rich list, with an eye-popping fortune of $395.6 billion. Theoretically, for Satoshi to become the world's wealthiest, Bitcoin's price has to hit $360,000 or above, which is currently an unrealistic expectation.

Nakamoto’s true identity is yet to be revealed and is a subject of intense speculation since the inception of Bitcoin in 2009. Various figures, including Bitcoin Core developers Peter Todd, Len Sassaman, and Nick Szabo have been linked to the mysterious personality over the years.

A documentary titled ‘Money Electric: The Bitcoin Mystery" aired last year, claiming that Todd was Satoshi. Todd was quick to deny the claim.

The surge in Satoshi’s wealth coincided with Bitcoin’s sharp recovery induced by U.S.-China trade deal optimism.

News data source: kdj.com

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