Bitcoin's price has reached a record high above $122,000, significantly increasing the wealth of its creator Satoshi Nakamoto, leading to his new status in the world's richest rankings.
Satoshi Nakamoto's Wealth
Satoshi Nakamoto, believed to have created Bitcoin, is estimated to hold 1.096 million Bitcoins across thousands of wallets. His current wealth is valued at over $134.3 billion, placing him at the 11th position on Forbes’ list of the richest people.
Bitcoin Price Surge
The cryptocurrency recorded a new all-time high of $122,540.92 in the past 24 hours. As of 7:16 a.m. EST, it was trading at $122,248.87 after surging over 3% in the past day.
Analysts' Predictions and Nakamoto's Wealth Influence
According to Bloomberg, Bitcoin would need to reach around $370,000 for Nakamoto to surpass Elon Musk as the wealthiest person. Analyst Eric Balchunas mentioned the possibility of Nakamoto becoming the second richest person by the end of 2026. He stated, ‘It’s fascinating to ponder that the founder of something so successful never cashed in.’
The rise in Bitcoin's price has considerably reshaped Satoshi Nakamoto's standing in global wealth, signaling interest in his potential future influence.
