Satoshi Nakamoto becomes world's 15th wealthiest as Bitcoin soars

Highlights 

  • After the cryptocurrency latest price hike, Satoshi Nakamoto rose to the 15th richest person in world.
  • Since Bitcoin's inception in 2009, various people have claimed to be Nakamoto. The figure's real identity, however, has yet to be disclosed.

Satoshi Nakamoto is a name cloaked in mystery. Millions of people are waiting for Satoshi Nakamoto's real identity to be revealed. It’s still unclear whether the name belongs to a single person or represents a group of 4. On the other hand, some are concerned about what might happen if the identity is revealed. The Miami federal court trial could tell the real identity of Bitcoin's pseudonymous founder.

However, in the meanwhile, there was some positive news. After the cryptocurrency's latest price hike, Satoshi Nakamoto rose to the 15th richest person in the world.

Related article: Crypto loses steam: Why is bitcoin trading below US$60K?

What is the crypto world's anonymous figure's net worth?

Satoshi Nakamoto, the anonymous figure, has amassed viewers because of his revolutionary invention of Bitcoin. As per The Independent, Nakamoto's net worth is estimated to be around US$73 billion.

This comes on the heels of reports released earlier this month when Bitcoin price was at its all-time high of almost US$68,000.

However, the most astonishing aspect of this storey is that Satoshi Nakamoto mined currencies while working on the project but never moved Bitcoins. Adding the current value, Nakamoto now owns 1,100,000 Bitcoins.

Related article: Are crypto-based payments the next big thing?

What is the dispute over Satoshi Nakamoto's immense fortune?

Who is Satoshi Nakamoto? Some believe the pseudonym is a codename for a group of people who are the brains behind Bitcoin, while others say it is a single man's brain. However, the ongoing federal court trial in Miami may ultimately reveal the identity of the mysterious individual behind the world's first money revolution.

A legal dispute has erupted over the fortune of deceased computer scientist David Kleiman's vast fortune. Kleiman's relatives claimed that his former business partner, Craig Wright is claiming control of their shared assets, which includes 1,000,000 Bitcoins under the pseudonym Satoshi Nakamoto.

Furthermore, Kleiman's relatives are claiming half of Nakamoto's Bitcoins, which are worth more than US$30 billion. According to them, both Kleiman and Craig were the brains of Bitcoin, and they even have proof that the two men were partners. Wright, on the other hand, claims to be the sole inventor of Bitcoin.

 

Related article: Keen on crypto? Here are some top cryptocurrency trading apps

Road ahead

Satoshi Nakamoto's name is currently making the rounds on the internet. In the history of money transactions, the pseudonym figure has ushered in a revolution. Bitcoin's invention not only revolutionised payment methods but also helped investors amass enormous wealth.

In the crypto realm, Satoshi Nakamoto is the king. The more Bitcoin becomes accepted, the closer the day will come when the mysterious figure claims the top spot among the world's wealthiest people.

Related article: Livepeer's meteoric rise: Is it a threat to Netflix, YouTube, and Twitch?

Comment


Disclaimer