Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator's Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto's Sharp Rebound

and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Bitcoin's (CRYPTO: BTC) pseudonymous creator, Satoshi Nakamoto's estimated fortune has surged sharply, surpassing that of tech billionaire Bill Gates.
What happened: As of this writing, the wallet linked to Satoshi owned about $113.8 billion in Bitcoin, according to blockchain analytics firm Arkham.
Notably, 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.
Don't Miss:
Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account.
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.
Why It Matters: 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.
Photo Courtesy: Szabolcs Magyar On
Read Next:
New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase.
Send To MSN: Send to MSN
This article Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator's Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto's Sharp Rebound originally appeared on .com