Possessing more than 1 million Bitcoins, will Satoshi Nakamoto become the richest billionaire on the planet?

Possessing more than 1 million Bitcoins, will Satoshi Nakamoto become the richest billionaire on the planet?


2021-03-30 10:37:39

Late last month, a cryptocurrency exchange Coinbase document said Bitcoin’s father, Satoshi Nakamoto – the alias for the mysterious figure who created Bitcoin, now owns more than 1 million Bitcoins.

Thus, according to Cointelegraph, if Bitcoin price reaches $ 182,000 / coin, Satoshi Nakamoto could become the richest person on the planet.

At present, the founder of e-commerce group Amazon – Jeff Bezos is the richest person in the world with a fortune of $ 181 billion. Meanwhile, Tesla CEO Elon Musk is in second place with $ 163.7 billion.

If one day, the price of Bitcoin rises to $ 182,000 / coin and Bezos’ assets remains the same, Satoshi Nakamoto will have a spectacular “usurpation”.

In October 2008, the mysterious founder published the Bitcoin white paper. On January 3, 2009, the first Bitcoin block was mined by Satoshi Nakamoto on his computer, marking the launch of the Bitcoin network as well as the launch of the crypto and blockchain movement.

While the exact figures are still unclear, from January to July 2009, Satoshi Nakamoto is estimated to have mined about 1 million Bitcoins. In 2010, Sergio Demian Lerner, a prominent cryptocurrency researcher, published a research paper estimating the amount of Bitcoin held by Satoshi Nakamoto.

By analyzing the initial blocks that Satoshi Nakamoto mined, Lerner estimated that the number of Bitcoins owned by the coin’s creator amounted to 1 million. Lerner writes: “I’m sure a lot of people will carefully analyze the source data set just coming up with an almost exact figure with my results. Satoshi Nakamoto has almost 22,000 blocks in the chain and this mysterious programmer. holds between about 1 million Bitcoins “.

Can Bitcoin price reach $ 182,000?

  Possessing more than 1 million Bitcoins, will Satoshi Nakamoto become the richest billionaire on the planet?  Photo 3.

Can Bitcoin reach $ 182,000 / coin?

Until now, there have been many models predicting the price of Bitcoin will reach between 200,000 USD – 1 million USD / coin. Among them, the most famous model is named Stoc-to-Flow (S2F).

This model predicts the price of Bitcoin will reach $ 100,000 to $ 288,000 by the end of the year, using a formula based on the correlation between Bitcoin price and existing stock types as well as all future Bitcoin mined wages. .

In November 2020, PlanB, the creator of the S2F model, said: “People asked me if I still believe in my model. The answer is I have no doubts about Bitcoin hitting $ 100,000 – 288,000. USD before December 2021 “.

If the Bitcoin price actually rose to $ 288,000 / coin on a S2F model, Satoshi Nakamoto’s assets would be worth $ 288 billion, far ahead of today’s top billionaires, Bezos and Musk.

Even a senior commodity strategist with Bloomberg Intelligence predicts that the need for institutional inflation prevention and the devaluation of the US dollar could help push Bitcoin’s price to $ 400,000.

Up to the present time, the identity of Satoshi Nakamoto remains a mystery and it is not clear whether this person is still alive or not. Some people think this could be a group of individuals.

Last month, in a prospectus filed with the SEC, Coinbase argued that “the disclosure of Satoshi Nakamoto’s identity or the Bitcoin transaction of this mysterious figure could have a negative impact on the price of the virtual currency. the current anonymity, Satoshi Nakamoto is also able to avoid the adverse legal consequences “.

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