Satoshi Nakamoto's wealth, the creator of Bitcoin, jumped to over $120 billion on Sunday, making him the 11th richest person in the world.๐
Nakamoto is believed to hold 1.096 million Bitcoins across thousands of wallets, which are worth over $131 billion at current prices, according to blockchain analytics firm Arkham.๐
Theoretically, this would place Nakamoto at 11th on Forbes' list of the richest billionaires, surpassing Michael Dell, CEO of tech giant Dell Technologies, with a net worth of $125.1 billion.๐ช
However, Forbes' billionaire list does not take into account the holdings of cryptocurrency wallets when assessing billionaires; instead, it tracks individuals' holdings that can be publicly verified, such as stocks.
The price of Bitcoin needs to rise by at least 208% to reach $370,000 per token for Satoshi Nakamoto to become the richest person in the world.
According to news reports, Nakamoto could become the richest person in the world if the price of Bitcoin reaches around $366,241 per coin.
One analyst predicts that the price of Bitcoin will reach $400,000 this year using the Bitcoin power model based on gold prices.
It is worth noting that Satoshi Nakamoto is a pseudonym used by the person or people who developed Bitcoin, authored its white paper, created the original reference software for Bitcoin, and released it.
As part of executing the process, Nakamoto created the first blockchain database. Nakamoto was the first to solve the double-spending problem for digital currency using a peer-to-peer network and was active in developing Bitcoin until December 2010.
