The creator of Bitcoin is climbing the billionaire ranks faster than you can say “cryptocurrency”, because with Bitcoin hitting new record highs, Satoshi has now become the 16th richest person in the world.
His estimated net worth is $106 billion, so he’s just edged out Michael Bloomberg and is on track to surpass Microsoft co-founder Bill Gates next.
The Satoshi stash
Bitcoin just jumped to a new ATH of $106,500 on the Bitstamp exchange, and this leap also means Bitcoin has skyrocketed by more than 65% this quarter alone, pushing its market cap back over $2 trillion. We’re so back, baby!
Now, before we get too carried away, let’s remember that this ranking isn’t quite exact, as we still don’t know if Satoshi is one person or a group of people.
In fact, some billionaires, like Mike Novogratz, even speculate that the Bitcoin creator might no longer be alive.
Game of sats
Interestingly, U.S.-based Bitcoin ETFs have already surpassed Satoshi as the largest holders of Bitcoin, but this is not a big surprise, as they are among the biggest investment firms worldwide.
As it stands, Satoshi is believed to hold around 1.124 million BTC, but there could be more wallets out there that we don’t know about. The ETFs own more Bitcoin now.
The man of all seasons
The ongoing mystery surrounding Satoshi’s identity adds a twist to the whole story, especially as many analysts think that if they were to reappear, it could send shockwaves through the market.
Earlier this year, HBO aired a much-discussed documentary that claimed Canadian cryptographer Peter Todd was the mastermind behind Bitcoin.
This claim was so laughable, the crypto community largely dismissed this theory as it didn’t really offer any groundbreaking evidence.
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