When the price of Bitcoin (BTC) exceeds about $182,000, it is estimated that Satoshi Nakamoto, the creator of BTC, will become the world’s richest person. Cointelegraph reported this on the 27th (local time).
As of March 2021, Amazon founder Jeff Bezos is the richest man on the planet with a net worth of $181.6 billion. Tesla CEO Elon Musk came close to second place with $163.7 billion (about 185.2 trillion won), which owns more than 20% of an electric car manufacturer.
[How much BTC does Satoshi Nakamoto have?]
Bitcoin’s founder, Satoshi Nakamoto, released a Bitcoin white paper in October 2008 under an open source MIT license.
On January 3, 2009, the first block of Bitcoin known as the’Genesis Block’ was mined. This announced the launch of the Bitcoin network, where the cryptocurrency and blockchain movement began.
Although the exact figures are unclear, it is estimated that from January to July 2009, Satoshi Nakamoto mined more than 1 million BTC. This means that Satoshi Nakamoto’s value at the current bitcoin price is estimated at about $54 billion (about 61.1 trillion won).
If the bitcoin price hits $182,000, Nakamoto’s net worth would be around $182 billion, which is higher than the current Bezos.
In 2010, renowned cryptocurrency researcher Sergio Damian Lerner published a research paper estimating Satoshi Nakamoto’s BTC holdings.
Lerner analyzed the initial block mined by Satoshi and estimated that 1 million BTC is likely owned by Satoshi. He wrote:
“I estimate Satoshi’s fortune is about 1 million BTC, or $100 million (as of April 2013).”
Meanwhile, Bloomberg recently predicted that “if BTC becomes a’risk-off’ reserve asset, it can reach up to $400,000.” There is also the possibility of him becoming the richest man in the world.
However, Satoshi’s identity remains a mystery, and it is not known even if he is alive today. Industry experts call people like Hal Finney (programmer and cryptocurrency expert, first Bitcoin recipient), Adam Baek (Blockstream CEO), and Paul Le Lou (cartel boss and programmer of drugs and weapons, passport pseudonym) as potential candidates. And others have assumed that it could be a group rather than an individual.
(Bitcoin price reaching $182,000 would probably make Satoshi Nakamoto the richest person on the planet.)
Credits to our source: kr.cointelegraph.com
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.