What is Satoshi Nakamoto’s net worth? Could he, at some point, become the richest man in the world? How can someone whose looks aren’t known to anyone, be the most precious person alive?
Who is Satoshi Nakamoto?
A tough question to answer because we don’t know much about the person behind the name. What we do know is that he is the man, woman, or group of people behind the very first cryptocurrency, Bitcoin.
Along with Bitcoin, he pioneered the use of blockchain technology, which has seen widespread adoption since it’s inception. Most recently, in Seoul.
We know that Satoshi was involved in the development of Bitcoin until December 2010 when he handed the project over to Gavin Andresen. After remaining silent for a while, Satoshi came back in Spring 2011 to say his goodbyes.
In his last message, he said that he is moving on to some other things and has left the Bitcoin project in good hands with Gavin and everybody. All in all, no one knows who or what Satoshi Nakamoto is. Apart from creating Bitcoin, all else is a mystery.
What is the Satoshi Nakamoto net worth
The belief is that Satoshi Nakamoto is the owner of one million Bitcoin or more. Whether this is accurate or not, no one knows (I’ll explain why later). And at the time of writing, that would mean Satoshi Nakamoto’s net worth is close to $9 billion when translated into market value.
Satoshi mined the genesis block in the year 2009 and then vanished in 2010, going into 2011. Since the time that Bitcoin was officially on the Blockchain, way back then, it got not used. Which is how we can deduce how much Satoshi owns.
However, with Satoshi owning a large number of Bitcoin, it is no surprise that there is speculation on how genuine it is; given names such as ‘Ponzi Scheme.’ If such a large amount of Bitcoin gets abruptly dumped, the crypto market will surely plunge into chaos.
Satoshi’s Bitcoin wallet?
It appears that Satoshi Nakamoto’s Bitcoins are not all in one particular wallet, but rather distributed into several different wallets. The reason why no one can certainly say how many Bitcoins he owns. Because of that, Satoshi Nakamoto’s net worth is merely an estimate. The only address known to belong to Satoshi is the one that was used to mine the Bitcoin Genesis Block.
Nevertheless, the wallet continues to receive Bitcoin Transactions to this day.
It is representing a plus about the mystery of the persona that is Satoshi. That, or it could just be tribute tips sent to Satoshi, nobody can say for sure. An example of the transactions would be when ‘Mt Gox’ sent to Satoshi’s wallet, 1.23 Bitcoin.
As much as we like to solve the mystery, to put a face to the name of the creator of what seems to be the greatest invention on the Internet; hopefully, for the best Satoshi’s anonymity remains a mystery. Yes, we can wonder about his net worth. But it seems Satoshi is not concerned about that as he is still in hiding even though he is a billionaire.
You’d think that someone with that amount of wealth would want to indulge in the more beautiful things in life. However, I believe he, she or he are out there somewhere, realizing that their anonymity is better for the growth of Bitcoin and cryptocurrency as a whole. However, large Satoshi Nakamoto’s net worth is, he earned it.
That said, Satoshi Nakamoto’s net worth is estimated to be $8.8 billion. According to those figures, he would probably rank in the Top 100 of the wealthiest people in the world. Whoever or whatever he is, we will always remember him as the father of cryptocurrencies. We will most likely find out his identity later on as blockchain becomes fully mature.