Satoshi Will Dethrone Elon Musk as Worlds Richest at This Bitcoin Price

Bitcoin

Satoshi Will Dethrone Elon Musk as Worlds Richest at This Bitcoin Price

Satoshi Nakamoto, the guy behind Bitcoin, is now thought to be the 11th richest person on the planet. And he has not moved a single dollar to get there.

With Bitcoin hitting over $123,000, the 1.096 million BTC linked to Nakamoto‘s early mining activity is now worth over $133 billion, according to Arkham Intelligence. That puts him just behind Google cofounder Sergey Brin, who is 10th on Forbes’ rich list with a reported net worth of $142.3 billion.

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To put it simply, just $10 billion more and Satoshi enters the billionaire elite exclusive tier. For that to happen, Bitcoin needs to climb to around $132,000-$134,000. A full takeover of the top spot, currently held by Elon Musk with $404 billion, would require a BTC price of about $370,000 — assuming Musk does not get richer in the meantime.

Satoshi‘s Bitcoin has never been moved. Mined in cryptocurrency’s first year, his tokens are still in the same wallets they were in back then. There is no cash-out, no movement and no signs of life.

It remains one of cryptos greatest mysteries — whether that is because Satoshi is gone, prefers anonymity or always intended to disappear.

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Even the biggest known individual holders do not come close. The Winklevoss twins reportedly have about 70,000 BTC. Tim Draper has 30,000. Michael Saylor, outside of his company‘s treasury, owns 17,700 BTC personally. Meanwhile, whole countries and public companies do not even come close to Nakamoto’s stash.

U.S.-based Bitcoin ETFs are the only holders with more — a total of 1.44 million BTC, but they are divided between institutions and investors.