TL;DR
- Bitcoin reached a new all-time high, surpassing $98,000, positioning Satoshi Nakamoto as the 18th richest person in the world.
- The rise in Bitcoin’s price has increased the value of Satoshi’s holdings, which are estimated to be around 1.1 million BTC, surpassing $107 billion.
- Satoshi Nakamoto’s identity remains a mystery, and none of the cryptocurrencies associated with their addresses have been moved.
Bitcoin has reached a new all-time high after surpassing $98,000, boosting the fortune of its anonymous creator, Satoshi Nakamoto, who is now ranked 18th among the wealthiest people in the world.
Following this rise, which marks the fourth consecutive day of gains for the cryptocurrency, there has been a significant appreciation of Nakamoto’s holdings, which are estimated to be around 1.1 million BTC.
HISTORY: AT $97k #BITCOIN, SATOSHI NAKAMOTO IS NOW THE 18TH RICHEST PERSON IN THE WORLD pic.twitter.com/GAtx9n96kg
— The Bitcoin Historian (@pete_rizzo_) November 21, 2024
Satoshi Nakamoto Remains in the Shadows
With the current price of Bitcoin, Nakamoto’s associated cryptocurrencies exceed $107 billion, catapulting their position among the wealthiest individuals globally, moving them from 19th to 18th place. However, Satoshi Nakamoto’s identity remains a mystery, as it has never been publicly revealed. Their contribution to the world of cryptocurrencies began in 2008 with the publication of the whitepaper that introduced Bitcoin, and in January 2009, Nakamoto mined the first block of the blockchain, known as the genesis block.
Bitcoin Is in Good Hands
After a few years of active participation in development and communication with other Bitcoin pioneers, Satoshi disappeared from the scene in 2011. At that time, they sent an email to one of the developers stating that they had “moved on to other things” and that the future of the cryptocurrency was “in good hands.”
Since then, there has been no news of their return, and none of the cryptocurrencies associated with their addresses have been moved, leading to widespread speculation about the possibility that, one day, Nakamoto may return to claim their fortune.
Bitcoin’s new all-time high has not only benefited investors and holders of the cryptocurrency but has also attracted more attention to the figure of its creator, who remains an enigmatic figure. So far, there are no signs that their identity will be revealed anytime soon
