Satoshi Nakamoto Now 11th Richest Person Amid Bitcoin Boom
The post Satoshi Nakamoto Now 11th Richest Person Amid Bitcoin Boom appeared on BitcoinEthereumNews.com.
Satoshi Nakamoto, the unknown person behind the creation of Bitcoin, now has a fortune worth $120 billion, making him the 11th richest person in the world. Notably, the dramatic increase in his wealth follows the latest Bitcoin price surge. The largest cryptocurrency recently hit a new high of almost $112,000 before staging a mild pullback. Satoshi Nakamoto and BTC Wallet Boost Satoshi Nakamoto, the mysterious creator of Bitcoin, has seen his estimated holdings grow to around 1.96 million BTC, now valued at $120 billion. This development makes him the 11th richest person in the world, narrowly behind Google co-founder Sergey Brin. The increase is linked directly to the Bitcoin price rally, which recently pushed the cryptocurrency’s price to a new all-time high of $112,000. As of now, CoinMarketCap data shows that Bitcoin remains near the $110,000 mark. In a recent post on X, Arkham Intelligence, a blockchain analytics company, revealed that several dormant wallets believed to be controlled by Nakamoto hold a vast fortune. These wallets have remained untouched since 2011, when the Bitcoin creator disappeared from the public eye. Notably, his holdings represent 5.2% of the entire Bitcoin supply, giving him potential influence over the market. While his identity remains unconfirmed, some still debate whether he is Hal Finney, Nick Szabo, or someone else entirely. Regardless, the Bitcoin community has always remained cautious about the potential effect of these coins if sold. Bitcoin Overtakes Amazon In Market Value In another major moment for the crypto space, Bitcoin surpassed Amazon to become the 5th largest asset in the world. As of writing, the Bitcoin market capitalization comes in at $2.16 trillion, a figure that outpaced the $2.13 trillion for Amazon. This market cap milestone also places Bitcoin among the top global assets and reflects a broader shift in how financial…
Filed under: News - @ May 27, 2025 5:28 am