How rich is Satoshi?
Satoshi Nakamoto is currently worth $3.3 Billion (at a BTC price of $3,400)
How many Bitcoins does Satoshi Nakamoto have?
Satoshi Nakamoto is estimated to have 980,000 Bitcoins.
What other coins does Satoshi Nakamoto have?
Due to Bitcoin forks, Satoshi Nakamoto also has the following coins:
- Bitcoin Cash: 980,000 BCH
- Bitcoin Satoshi Vision: 980,000 BSV
- Bitcoin Gold: 980,000 BTG
Who is Satoshi Nakamoto?
Even 10 years after Bitcoin’s launch, the identity of Bitcoin’s mysterious founder is still unknown.
That being said, there are a few potential candidates of who might be Satoshi Nakamoto. Let’s take a look at each one.
He was a vocal cypherpunk and was heavily involved in cryptography even before hearing about Bitcoin.
Hal was on the mailing list that received Bitcoin’s whitepaper and has then built an online relationship with Satoshi where they discussed how to improve Bitcoin.
He also had the honor of being the receiver of the first Bitcoin transaction ever, which was sent by Satoshi himself.
Sadly, Hal passed away in August 2014 after battling Lou Gehrig’s disease for 5 years, a degenerative disease.
Nick Szabo is a well known cryptographer and cypherpunk. Years before Bitcoin went live, Nick Szabo already published a concept for a platform called “Bit Gold”.
Although this e-currency never got any traction due to its technical limitations, it does undoubtedly draw many parallels to Bitcoin. Many think that Nick Szabo improved his concept and re-launched it as “Bitcoin” some years later under the pseudonym of Satoshi Nakamoto.
Adam Back started his career studying the intersection between cryptography and computers. In 1997, Adam developed the concept for “Hashcash”, which was an early application of Proof Of Work and is the reason why many connect him to the creation of Bitcoin.
Adam is now the CEO of Blockstream, a technology company focused on building blockchain solutions. Blockstream is also one of the few institutions that provide funding to Bitcoin core developers.
Throughout the years there have also been several false alarms, like when an individual actually called Satoshi Nakamoto was thought to be Bitcoin’s mysterious creator, or when Craig Wright publicly announced that he was Satoshi Nakamoto.
Both occurrences where debunked shorty after due to a lack of proof, which leads us back to the question: Who is the anonymous billionaire named Satoshi Nakamoto?
What is Satoshi Nakamoto’s Bitcoin wallet?
The reason why nobody knows the exact number of Bitcoins that Satoshi holds is because they are not held in the same wallet, but rather scattered around thousands of different wallets.
This is the only address which is confirmed to belong to Satoshi, since it mined the Bitcoin genesis block:
Interestingly, this wallet keeps receiving Bitcoin transactions. Whether these are just tips sent as a tribute, or if there is something more to it is unknown.
One notable example was when the now defunct exchange “Mt Gox” sent 1.23 Bitcoin to one of Satoshi’s wallets.
Why does Satoshi Nakamoto have so many Bitcoins?
Satoshi was the first Bitcoin miner and was also the only miner for what some estimate to be around 1 year.
At the time, the Bitcoin block reward was 50 BTC, which means that Satoshi earned pretty much every single block reward that was paid in the first year.
This is how Satoshi amassed what is estimated to be 980,000 Bitcoins.
What will Satoshi Nakamoto do with his Bitcoins?
Since his disappearance in 2011, Satoshi hasn’t moved a single one of his Bitcoins.
This could be the case because Satoshi might have passed away, because he believes in his creation so much that he doesn’t want to spend them too early, or because he wants to avoid unchaining a panic reaction.
Fact is, nobody knows what Satoshi will do with his Bitcoins, or if he ever will do anything with them at all.
Could Satoshi Nakamoto become the richest person in the world?
At Bitcoin’s all time high of $20,000 in December 2017, Satoshi was worth $19.6 Billion. This made him the 56th richest person alive. If Bitcoin reaches $110,000 and the current world’s billionaire remains relatively unchanged, then Satoshi will become the richest person in the world.
If Bitcoin becomes global money, or at least a form of digital gold, then its arguably not unlikely that Satoshi may claim the #1 spot on the Forbes billionaires list.
Could Satoshi Nakamoto become the world’s first Trillionaire?
Since Satoshi Nakamoto holds approximately 980,000 Bitcoins, the Bitcoin price would have to reach $1,000,000 per coin for him to become a Trillionaire.
And since there will never be more than 21 Million Bitcoins, that would put the total Bitcoin market capitalization at 21 Trillion.
While the price is currently very far from that goal, proponents of Bitcoin as the new global reserve currency see that as a possibility.
Some people criticize Satoshi’s anonymity, while others consider it Bitcoin’s greatest asset that its creator is unknown.
Only time will tell if Satoshi’s identity will ever come to light.
And until that happens (if ever), we will continue observing how a faceless Billionaire keeps amassing wealth as Bitcoin progresses on its exponential adoption curve.
CoinDiligent Staff Writer