Bitcoin Creator Satoshi Nakamoto Richer than Bill Gates and Soon to Surpass Warren Buffett

Satoshi Nakamoto, the creator of Bitcoin, is currently the 11th richest person in the world. This person's net worth of $BTC , estimated based on wallets linked to Satoshi, has surpassed $130 billion after Bitcoin surged 14% in the past month, according to Arkham Intelligence. This puts Satoshi ahead of Microsoft co-founder Bill Gates ($117 billion) and Dell Technologies founder Michael Dell ($126.5 billion).

Approaching Warren Buffett and Security Concerns

Satoshi's net worth is nearing Warren Buffett's $141 billion, a well-known critic of Bitcoin. Bitcoin needs to rise more than 8% for Satoshi to surpass Buffett. Although the identity of #SatoshiNakamoto remains a mystery, it is widely estimated that Satoshi mined about 1.1 million BTC.

The wallets believed to belong to Satoshi have never moved any Bitcoin, leading to speculation that the creator of Bitcoin may no longer be alive. However, if still alive, there is nothing to stop Satoshi from selling that Bitcoin.

Another emerging concern is the threat from quantum computers. A recent Bitcoin Improvement Proposal (BIP) has been submitted to change the blockchain software to protect against quantum computers breaking the code, especially the old wallets believed to belong to Satoshi. Experts warn that if this happens, not only could Satoshi's BTC be stolen, but 25% of the total Bitcoin supply could also be compromised, leading to a "liquidation event" in the market.