What is Bitcoin inventor’s net worth?

Due to the massive growth of Bitcoin, Satoshi Nakamoto is now among the 100 richest people in the world. However, it appears that Satoshi Nakamoto never sold any of his bitcoins, and it is not even known if he is even alive.

We’ll briefly look at Satoshi’s involvement in the Bitcoin project, explain how he amassed his BTC hoard, and compare his wealth to that of other billionaires and famous crypto whales.

Who is Satoshi Nakamoto?

Satoshi Nakamoto is the pseudonym of the inventor of Bitcoin. So little is known about Satoshi’s true identity that it is not even known if the name refers to an individual or a group of individuals. In fact, we don’t even know if Satoshi is still alive — if he is, he’s shown great reluctance by not cashing in even a small portion of his multi-billion dollar Bitcoin stash.

Satoshi Nakamoto published the Bitcoin white paper in 2008, and the Bitcoin network itself was launched on January 3, 2009. Satoshi mined the first block of the Bitcoin blockchain, also known as the Genesis block. He continued mining for some time after Bitcoin was launched, earning large amounts of BTC rewards.

Some time after Bitcoin was released, Satoshi actively discussed his invention with interested participants on online platforms, including the BitcoinTalk forum. Satoshi’s last public communication was in December 2010. In April 2011, Satoshi clarified through email correspondence with Bitcoin developers that he was no longer working on Bitcoin.

Although Satoshi has not been involved with the Bitcoin project for over a decade, Bitcoin users remember his legacy on a daily basis. In fact, each BTC coin can be divided into 100 million units called satoshis. Bitcoin users often use the abbreviation “sits‘ to refer to satoshis.

Many scholars and journalists have analyzed Satoshi Nakamoto’s writings to determine his true identity. However, no conclusive evidence has been found linking Satoshi Nakamoto to an actual identity. Of course, many people have been picked as potential candidates for Satoshi Nakamoto, most commonly Adam Back, Nick Szabo, and Hal Finney.

A few people, including Craig Wright, have actively claimed to be Satoshi Nakamoto. However, their claims have been largely dismissed by the community as no self-proclaimed Satoshi has been able to conclusively prove that he was in fact the inventor of Bitcoin.

Satoshi Nakamoto Net Worth in 2023? Review of the Bitcoin founder’s cryptocurrency wallets

Researchers have provided fairly reliable estimates of how much BTC Satoshi has, allowing us to estimate his net worth. As of January 2023, Satoshi Nakamoto’s net worth is around $18.5 billion. When Bitcoin peaked in November 2021, Satoshi Nakamoto’s fortune was around $75.6 billion.

How many bitcoins does Satoshi Nakamoto have?

As mentioned earlier, in the early days of Bitcoin, Satoshi amassed large amounts of BTC through mining. While we cannot know exactly how many BTC Satoshi was able to mine, the widely accepted estimate is that he mined around 1.1 million BTC.

This is the estimate of developer and cryptocurrency expert Sergio Demian Lerner, who discovered the Satoshi cryptocurrency system. “Patoshi in the first blocks of bitcoin. Lerner was able to estimate the number of blocks mined by Satoshi, so it’s also possible to estimate how many bitcoins Satoshi owns – around 1.1 million coins. This equates to roughly 5.2% of the circulating bitcoin supply.

Satoshi Nakamoto was mining bitcoin ahead of the first bitcoin halving when the block reward was 50 BTC. This, combined with the fact that there weren’t many other active miners on the network, allowed him to earn a truly massive amount of BTC.

What is Satoshi Nakamoto’s bitcoin address?

Each of the block rewards earned by Satoshi were sent to a different address. Therefore, there are over 20,000 different addresses holding Satoshi’s bitcoins. Of course, the best known is the address that received the Bitcoin Genesis block reward. Interestingly, the 50 BTC allocated for the Genesis block is non-spendable.

Bitcoin Wallet by Satoshi Nakamoto

From time to time, Bitcoin users send BTC to these “Genesis address‘ in homage to Satoshi. A total of around 18.57 BTC has been sent to this address so far, in addition to the 50 BTC reward from the Genesis block.

Another notable address from Satoshi is the one he used to conduct the very first bitcoin transaction between two users. On January 12, 2009, Satoshi sent 10 BTC to Hal Finney, a software developer who was an early adopter of Bitcoin.

Cryptocurrency market watchers are monitoring the Bitcoin blockchain to see if transactions are being sent from wallets that were active for “the Satoshi era“. However, since Satoshi left the Bitcoin project, there has not been a single BTC transaction that can be clearly attributed to him.

How Does Satoshi’s Fortune Compare to Other Bitcoin Billionaires and Whales?

If we assume that Satoshi Nakamoto’s net worth is $18.5 billion, he would be the 86th richest person in the world according to Forbes real-time billionaire ranking. He would also likely be the richest person in the crypto world, ahead of Binance CEO Changpeng.”CZ“Zhao. The Bloomberg Billionaires Index puts CZ’s fortune at $12.3 billion. Other

Satoshi is also probably the largest Bitcoin owner in the world. Here’s how much bitcoin is held by some of the most notable bitcoin “whales”:

  • Satoshi Nakamoto: 1.1 million BTC
  • Grayscale Bitcoin Trust: 631,000 BTC
  • Binance: 521,000 BTC
  • Coin base: 483,000 BTC
  • Bitfinex: 353,000 BTC
  • MicroStrategy: 132,500 BTC

*Numbers are rounded for readability. Data as of January 4, 2023.

The main thing: Despite his enormous wealth, Satoshi does not touch his BTC.

Satoshi’s 1.1 million BTC stash makes him one of the 100 richest people in the world, but he seems content to sit on his pile of digital coins. The fact that Satoshi hasn’t moved any BTC coins in over ten years is one of the main reasons why many people think he’s dead.

Others claim that when Satoshi doesn’t sell or spend his bitcoins, it’s simply because he doesn’t care about his personal wealth and wants to remain anonymous. Whatever the reason, we can always thank Satoshi for his brilliant invention!

If you are interested in the fortunes of other famous cryptocurrency founders, read our articles analyzing the fortunes of TRON founder Justin Sun and Ethereum founder Vitalik Buterin.

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