Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is now the 11th richest person in the world. His 1.096 million BTC, is currently worth $129.23 billion, according to data from Arkham Intelligence.
Although the official real-time tracker used by Forbes doesn’t include Satoshi Nakamoto, its data would see him placed in the 11th position. In that spot, he would have been above Michael Dell, whose net worth is $125.1 billion. Sergey Brin currently holds 10th place with $140.3 billion.
In order for Satoshi Nakamoto to become the richest man in the world and take Elon Musk’s spot, the price of a single Bitcoin needs to be around $366,241. This will make his Bitcoin holdings of 1.095 million BTC equivalent to roughly $401.0 billion. To reach that valuation, each Bitcoin would need to rally by more than 180% from its present price.
Satoshi Nakamoto ranks up as analyst says Bitcoin can hit $400,000
Several months ago, anonymous crypto trader apsk32 predicted that Bitcoin would hit the $400,000 mark. His prediction was based on a mathematical model of network growth. The analyst created a model that consisted of three plots. The first plot shows historical gold prices in US dollars per ounce. The second plot shows Bitcoin’s market capitalization against the price of gold.
Apsk32 stated that BTC is following the path of gold, which hit an all-time high of $3,500.05 per ounce. He further explained that modeling Bitcoin’s price against the US dollar doesn’t make sense, as the Federal Reserve will continue to print money. The growth of Bitcoin’s market capitalization measured in gold ounces follows a straight line, which is clear in the top-left plot.
This straight line suggests that Bitcoin follows a power law, aligning with Metcalfe’s Law of network growth. The analyst then calculated Bitcoin’s implied prices in US dollars based on BTC’s supply at every point in time and gold’s historical data. According to historical data, Bitcoin’s price has stayed below the five-year line, even during previous bubbles.
This framework identifies realistic BTC price ranges and shows that, for this cycle, the one-year-ahead band lines up at around $400,000. Reaching that BTC price target would make Satoshi Nakamoto the richest person on Earth. In the past 7 days, Bitcoin has gained over 9.6%. Currently, Bitcoin trades at $117,934 with a 24-hour trading volume of $19.8 billion. The top asset has a market capitalization of $2.343 trillion, with 19,891,615 coins in circulation.
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