Satoshi Nakamoto, the mysterious creator of Bitcoin, is estimated to hold around 1 million BTC from mining in the early days of the cryptocurrency. With the current price of Bitcoin around $27,000, Satoshi’s stash is worth around $27 billion.
However, for Satoshi to become the wealthiest person in the world, the price of Bitcoin would need to reach much higher levels.
As of October 2023, Elon Musk holds the top spot on the Forbes list with an estimated net worth of $254 billion. For Satoshi to surpass Musk, Bitcoin’s price would need to reach approximately $255,000. At that price, Satoshi’s 1 million BTC would be worth $255 billion, making them the richest person on Earth.
It’s remarkable to consider Satoshi potentially becoming the world’s wealthiest individual simply by creating Bitcoin and mining coins in the early days. Of course, this depends on Satoshi actually still owning that estimated 1 million BTC — if they have sold or spent any of those coins, it would lower the threshold for Bitcoin’s price to make them the richest.
Regardless of whether Satoshi becomes the richest or not, the creator of Bitcoin has undeniably changed the world with their invention of the first cryptocurrency. And if Bitcoin ever reaches $255,000 per coin, it will be thanks to the innovative blockchain system designed by Satoshi Nakamoto.
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