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May Bitcoin’s pseudonymous creator Satoshi Nakamoto grow to be richer than Elon Musk?

by SB Crypto Guru News
February 27, 2024
in Crypto Exchanges
Reading Time: 2 mins read
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Bitcoin‘s pseudonymous creator, Satoshi Nakamoto, is at the moment the twenty sixth richest human being on the planet primarily based on the quantity of BTC he’s presumed to have owned.

Nakamoto famously holds slightly over $1 million Bitcoin in a pockets that has been dormant for greater than a decade, which can be the first cause many consider he might have died.

Based mostly on Bitcoin’s $54,000 worth, his holdings are value roughly $50 billion as of Feb. 26.

In the meantime, some estimates counsel that Nakamoto holds 1.1 million BTC, which might push him nearer to $60 billion.

Satoshi Nakamoto's Growing Fortune Nears Entry Into World's Top 25 Richest Individuals
Forbes rankings edited to incorporate Nakamoto through Bitcoin.com

Nakamoto might dethrone Bernard Arnault

The surge in Bitcoin’s worth to near-all-time highs has prompted some to take a position whether or not the richest particular person on this planet could possibly be an nameless, unknown particular person.

For Nakamoto to overhaul the likes of Bernard Arnault and Elon Musk, Bitcoin must improve almost 4x from its present worth of $55,000 or 3x from its earlier all-time excessive of $69,000.

Preston Pysh, co-founder of TIP, noticed the likelihood in an X publish, writing:

“It’ll be attention-grabbing if the wealthiest particular person on this planet is unknown [ie. Satoshi Nakamoto]. At about $212k per Bitcoin, it occurs.”

At a worth of $212,000, Nakamoto’s Bitcoin holdings could be value $233.2 billion, permitting him to overhaul Bernard Arnault and his household’s web value of $229.1 billion.

Additional calculations present that BTC hitting $208,300 could be adequate for Nakamoto to overhaul the highest spot on the record by a narrower margin. In the meantime, Bitcoin would must be value $189,700 for Nakamoto to grow to be richer than Musk in second place.

In the meantime, Amazon founder and govt chairman Jeff Bezos’ third place could be usurped at $178,000, whereas Mark Zuckerberg‘s fourth place spot and Invoice Gates’ seventh could be overtaken as soon as BTC hits $154,200 and $115,900, respectively.



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Tags: Bitcoin NewsBitcoinscreatorCrypto NewsCrypto UpdatesElonLatest News on CryptoMuskNakamotopseudonymousricherSatoshiSB Crypto Guru News
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