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.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com