Satoshi Nakamoto, the Creator of Bitcoin Cryptocurrency, Has Reappeared on the List of Billionaires

Satoshi Nakamoto, the creator of the Bitcoin cryptocurrency, has reappeared on the list of billionaires with a net worth of $103.40 billion.

Satoshi Nakamoto, the creator of the Bitcoin (BTC) cryptocurrency, has reappeared on the list of billionaires with an estimated net worth of $103.40 billion. This comes as the price of Bitcoin continues to surge, surpassing $93,000 this week.

What Happened: According to data from the Bitcoin blockchain and the cryptocurrency market, Satoshi Nakamoto’s coins are currently valued at an staggering $103,395,840,000. This makes them one of the richest people in the world.

At the time of writing, Bitcoin is showing strength again as it trades above the key price point of $93,000. This new rally is part of an even larger bull market, which has seen Bitcoin overcome certain barriers and rapidly rise over the past forty-eight hours.

Compared to yesterday, Bitcoin has increased by over 5%. Since last week, the cryptocurrency has seen an influx of 12% in value and holds a market capitalization of $1.86 trillion.

According to a report by AZCoin News, Satoshi Nakamoto’s net worth is rapidly changing as the price of Bitcoin soars. The report also notes that a single Bitcoin is currently worth $93,276.

Earlier this year, reports surfaced that Satoshi Nakamoto’s coins had become "icicle," indicating that they are no longer being touched and have been dormant for an extended period. This aligns with the fact that Nakamoto’s coins were last seen moving in 2009.

Also Read: Is Bitcoin Icicle Pattern Awaiting One Last Top Before Bear Market Commences? CryptoQuant CEO Weighs In

Currently, Nakamoto is known to possess approximately 1.096 million BTC, which have remained unspent since they were created in 2009. These early mined coins are characterized by the “Patoshi Pattern,” a set of blocks that has a non-overlapping nonce pattern. The very structure of these blocks suggests that they could have been mined by a single entity.

The “Patoshi Pattern” is also linked to Nakamoto’s only Bitcoin transaction, which took place in 2009. Since then, there has been no activity from these wallets.

It's worth noting that Nakamoto’s holdings are the only coins directly linked to Bitcoin’s founder. If Nakamoto had not vanished and remained a recognized personality, in terms of wealth, they would rank 15th on Forbes’s list of the richest people globally. They would be surpassing well-known figures like Jensen Huang, CEO of Nvidia, and the influential Koch brothers.

See More: Top 15 Richest People In The World

As the price of Bitcoin fluctuates and continues on its volatile journey, the search for Nakamoto’s true identity persists. Only time will tell if the veil of secrecy surrounding the founder of Bitcoin will ever be lifted.

News data source: kdj.com

The above is the detailed content of Satoshi Nakamoto, the Creator of Bitcoin Cryptocurrency, Has Reappeared on the List of Billionaires. For more information, please follow other related articles on the PHP Chinese website!