- Satoshi Nakamoto’s Bitcoin holdings surpass $103.40 billion as Bitcoin hits $93,000.
- Bitcoin’s recent 12% rally drives Nakamoto’s dormant 1.096 million BTC to new heights.
- Nakamoto’s wealth places them 15th globally, surpassing several prominent tech figures.
Satoshi Nakamoto, the creator of the Bitcoin cryptocurrency, has reappeared on the list of billionaires with a net worth of $103.40 billion. This is a major achievement, given that the price of Bitcoin surpassed $93,000 this week, marking a significant boost for the cryptocurrency space.
The current Bitcoin rally is already part of an even larger bull market, in which the asset repeatedly overcomes certain barriers. It has been on an upward trend over the past forty-eight hours, indicating a rise of over 5% compared to yesterday. Since last week, the value of Bitcoin has gone up by 12% and holds a market capitalization of approximately $1.86 trillion, making it a significant influence in the financial industry.
Nakamoto’s Dormant Holdings
Currently, Nakamoto possesses approximately 1.096 million BTC, which have remained unspent since they were created in 2009. These early mined coins are characterized by the “Patoshi Pattern,” a set of blocks that has a non-overlapping nonce pattern. The very structure of these blocks suggests that they could have been mined by a single entity.
The “Patoshi Pattern” is also linked to Nakamoto’s only Bitcoin transaction, which took place in 2009. Since then, there has been no activity from these wallets. Nakamoto’s holdings are remarkable because they are the only coins directly linked to Bitcoin’s founder.
Related: Satoshi Nakamoto’s Bitcoin Remains Untouched, Confirms CryptoQuant CEO
If Nakamoto had not vanished and remained a recognized personality, in terms of wealth, they would rank 15th on Forbes‘ list of the richest people globally. They would be surpassing well-known figures like Jensen Huang, CEO of Nvidia, and the influential Koch brothers.
Related: Satoshi Nakamoto Was Concerned Over Bitcoin as an Investment: Report
While Bitcoin’s price fluctuates from time to time, the search for Nakamoto’s identity remains unresolved. Although the identity of the creator of Bitcoin (BTC) is unknown, their influence on the cryptocurrency market is immense. The idea developed by Nakamoto has generated billions for them, and they remain among the richest people in the world while remaining anonymous.
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Source: https://coinedition.com/bitcoins-price-surge-pushes-satoshi-nakamotos-wealth-past-103-billion/