As Bitcoin’s value explodes, Satoshi Nakamoto climbs the list of ‘world’s richest people’

Bitcoin, the oldest and most expensive cryptocurrency, is exploding in value as the next halving is scheduled for April. As of Tuesday, February 27, Bitcoin was trading at a two-year high of $55,753 (roughly Rs. 4.62 crore). As the cryptocurrency’s value rises, its anonymous creator, who goes by the pseudonym Satoshi Nakamoto, is getting richer. According to reports, the amount Satoshi Nakamoto accumulated through his BTC holdings is estimated to be over $60 billion (roughly Rs. 4,97,333 crore) as of Tuesday.

While Satoshi Nakamoto’s identity and whereabouts remain unknown, there is some information about their personal Bitcoin holdings.in a Report released In 2020, cryptocurrency research firm Whale Alert claimed that Satoshi Nakamoto owned 1,125,150 Bitcoins that had been mined to block 54,316.

At that time, Satoshi Nakamoto’s wealth was valued at $10.9 billion (approximately Rs. 90,345 crore). However, as of February 27, the asset was valued at $63.4 billion (approximately Rs. 5,25,977 crore).

If Forbes accurately tracked Satoshi Nakamoto’s net worth, they would be among the top 25 richest people in the world. Currently, Bernard Arnault and his family own Louis Vuitton as well as 75 brands including Bulgari, Dior, Fendi and Givenchy. Luxury brand, ranks among the world’s richest people with a wealth of $229.4 billion (approximately Rs. 1,901,347 crore).according to Forbes real-time billionaire list. Meanwhile, at No. 24 is Julia Koch and her family with a net worth of $61.2 billion (approximately Rs. 5,07,247 crore).

Unlike many traditional businessmen, Satoshi Nakamoto’s wealth was spread across thousands of digital wallets, making him one of the most liquid individuals on paper. CoinTribune reports famous. Little is known about the mysterious creator of Bitcoin.

While there have been a few stories and individuals claiming to have information about Satoshi in the past, the most credible details about Satoshi are documented in the P2P Foundation. The Forum is an international organization that tracks and documents peer practice through a wide range of resources. Users of the P2P Foundation forum are required to enter their birthday when joining.

according to Satoshi Nakamoto’s profile pageThe creator of BTC was born in Japan in 1975 and is male. It’s unclear whether this information is accurate. Satoshi Nakamoto created Bitcoin in 2009 with the aim of breaking the financial monopoly of governments around the world, and announced his withdrawal from the cryptocurrency field in 2011. However, the explosion of their fortunes, making them among the world’s richest people, does seem to indicate that Bitcoin is on the way whether the world’s regulators support it or not, in the long run.