The cryptocurrency market has regained attention after Bitcoin reached a new all-time high of $120,000. This event positively impacted the status of its anonymous creator, Satoshi Nakamoto.
Update on Satoshi Nakamoto
According to blockchain analytics firm Arkham, Satoshi Nakamoto is believed to own approximately 1.096 million Bitcoin stored across thousands of wallets. This stash is currently valued at over $131 billion, placing him 11th in the global billionaire rankings.
Bitcoin Growth Prospects
Market analysts suggest that Nakamoto's position could improve further if Bitcoin maintains historical growth trends. For instance, Bloomberg analyst Eric Balchunas noted that if Bitcoin continues to increase by 50% per year, Nakamoto could rank 2nd by late 2026. He pointed out that it’s remarkable that the founder of such a successful asset has never cashed out, creating parallels with other industry leaders.
Nakamoto vs Other Major Bitcoin Holders
Nakamoto remains the largest known holder of Bitcoin. According to data gathered by BiTBO, corporate and institutional holders collectively own about 847,000 Bitcoin, which equates to roughly 4% of the total cryptocurrency supply. Among individual Bitcoin holders, the Winklevoss twins are reported to hold around 70,000 Bitcoin, while venture capitalist Tim Draper owns approximately 30,000 Bitcoin.
The recent surge in Bitcoin emphasizes the significance of cryptocurrency as a wealth-generating asset. Satoshi Nakamoto, meanwhile, showcases a unique approach to his legacy, remaining an intriguing figure in the world of finance.
