It is estimated that if the price of Bitcoin reaches about $182,000, the founder of Bitcoin, Satoshi Nakamoto, will become the world’s richest man.
As of March 2021, Amazon founder Jeff Bezos is the richest person in the world with a net worth of US$181.6 billion.
Tesla CEO Elon Musk followed closely behind with $163.7 billion and owns more than 20% of the electric car manufacturer.
How many bitcoins does Satoshi Nakamoto have?
In October 2008, Bitcoin founder Satoshi Nakamoto released the Bitcoin white paper with the public permission of the Massachusetts Institute of Technology.
On January 3, 2009, the first block of Bitcoin, the “Genesis Block”, was dug out. This marked the launch of the Bitcoin network, which also launched the cryptocurrency and blockchain movement.
Although the exact number is not yet known, it is estimated that from January to July 2009, Satoshi Nakamoto has dug more than 1 million bitcoins. This means that, at the current bitcoin price, Satoshi Nakamoto’s bitcoin valuation is about 54 billion U.S. dollars.
In other words, if the price of Bitcoin reaches $182,000, then Satoshi Nakamoto’s net worth will reach about $182 billion, which is higher than the current net worth of Bezos.
In 2010, the famous cryptocurrency researcher Sergio Demian Lerner published a research paper that estimated the number of bitcoins held by Satoshi Nakamoto.
By analyzing the blocks mined by Satoshi Nakamoto in the early days, Lerner estimated that Satoshi Nakamoto may have 1 million bitcoins. He wrote:
“According to my estimation, Satoshi Nakamoto has about 1 million bitcoins. I believe that many people will analyze the source data set carefully and come up with more accurate numbers. Although this data will be very close, they will still treat me There are objections to his judgment.”
Can the price of Bitcoin reach $182,000?
Although there are many price models predicting that the price of Bitcoin will be between $200,000 and $1 million, the most famous model is the Stock-to-Flow (S2F) model.
The S2F model predicts that by the end of 2021, the price of bitcoin will reach $100,000 to a “conservative” $288,000. This model is based on the value of bitcoin and the existing supply (inventory) and the number of newly mined bitcoins entering the market ( Flow).
In November 2020, PlanB, the creator of the S2F model, stated:
“People ask me if I still believe in my model. To be clear: I have no doubt that the S2FX comparison model between Bitcoin and other assets is correct, and Bitcoin will reach $100,000 to $288,000 by December 2021. “
If Bitcoin rises to 288,000 US dollars according to the S2F model, Satoshi Nakamoto’s wealth will reach about 288 billion US dollars, which will make him far surpass Bezos and Musk.
At the same time, some other forecasts of bitcoin prices in this bull market will have even higher estimates. For example, Bloomberg predicts that if Bitcoin becomes a “risk-averse” reserve asset, its value may be as high as $400,000.
However, the identity of Satoshi Nakamoto is still a mystery, and it is not even known whether this person is still alive. Industry experts believe that Hal Finney, Adam Back and Paul Le Roux are potential candidates, and some others believe that Satoshi Nakamoto may be a group of people.
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.