Due to the massive growth of Bitcoin, Satoshi Nakamoto is currently one of the 100 richest people on the planet. However, it appears that Satoshi Nakamoto never sold his bitcoin and it is not known if he is still alive.
We will briefly explore Satoshi’s involvement in the Bitcoin project, explain how he amassed his BTC treasure, and compare his wealth to that of other billionaires and famous crypto whales.
Who is Satoshi Nakamoto?
Satoshi Nakamoto is the pseudonym used by the creator of bitcoin. So little is known about Satoshi’s true identity that we don’t even know if the name refers to one person or a group of people. In fact, we don’t know if Satoshi is still alive – if he is, he’s shown great restraint in not cashing out even a small fraction 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 a while after the launch of Bitcoin and won a large amount of BTC rewards.
Some time after the launch of Bitcoin, 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 via email correspondence with Bitcoin developers that he was no longer working on Bitcoin.
Although Satoshi has not been involved in the Bitcoin project for over a decade, Bitcoin users are reminded of his legacy on a daily basis. Indeed, each BTC coin can be divided into 100 million units called satoshi. Bitcoin users often use the “abbreviation”.sales” to refer to satoshis.
Many researchers and journalists have analyzed Satoshi Nakamoto’s writings to determine his true identity. However, no solid evidence has been found to link Satoshi Nakamoto to a real person. Of course, many people have been named as potential candidates for Satoshi Nakamoto, most notably Adam Back, Nick Szabo, and Hal Finney.
Some people, notably Craig Wright, have actively claimed to be Satoshi Nakamoto. However, their claims were largely dismissed by the community, as no self-proclaimed Satoshi could conclusively prove that he was the inventor of Bitcoin.
Satoshi Nakamoto’s fortune in 2023? Investigating Bitcoin Founder’s Cryptocurrency Wallets
Researchers have provided fairly reliable estimates of the amount BTC Satoshi owns, which allows us to estimate his net worth. As of January 2023, Satoshi Nakamoto’s net worth is approximately $18.5 billion. When bitcoin peaked in November 2021, Satoshi Nakamoto was worth about $75.6 billion.
How many bitcoins does Satoshi Nakamoto own?
As mentioned earlier, Satoshi amassed a large number of BTC through mining in the early days of Bitcoin. While we don’t know exactly how much BTC Satoshi was able to mine, the generally accepted estimate is that he mined around 1.1 million BTC.
This is the estimate given by Sergio Demian Lerner, the developer and cryptocurrency expert who discovered Satoshi’s cryptocurrency system. “Patoshi in Bitcoin’s First Blocks. Lerner was able to estimate the number of blocks mined by Satoshi, so it is possible to estimate the number of bitcoins Satoshi has – about 1.1 million coins. This is about 5.2 percent of the expected supply of bitcoins.
Satoshi Nakamoto was mining bitcoins before the first bitcoin halving where the reward per block was 50 BTC. This, combined with the lack of many other active miners on the network, allowed him to earn a really large amount of BTC.
What is Satoshi Nakamoto’s Bitcoin Address?
Each of Satoshi’s block rewards was sent to a different address. As a result, there are over 20,000 different addresses that hold Satoshi’s bitcoins. The most famous, of course, is the address that received Bitcoin’s genesis block reward. Interestingly, the 50 BTC given for the genesis block is not spent.
From time to time bitcoin users send BTC to it.genesis address” in honor of Satoshi. So far, about 18.57 BTC has been sent to this address in addition to the 50 BTC genesis block reward.
Another notable address attributed to Satoshi is the one he used to make the first Bitcoin transaction between two users. On January 12, 2009, Satoshi sent 10 BTC to software developer Hal Finney, an early adopter of Bitcoin.
Do cryptocurrency market watchers monitor the bitcoin blockchain to see if transactions are sent from active wallets?The era of Satoshi“. However, since Satoshi left the bitcoin project, there have been no BTC transactions that can be definitively attributed to him.
How does Satoshi’s wealth compare to that of other Bitcoin billionaires and whales?
Assuming 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 will likely become the richest person in the cryptocurrency world, ahead of Binance CEO Changpeng.”CZ“Zhao. The Bloomberg Billionaires Index estimates CZ’s wealth at $12.3 billion. other
Satoshi is also probably the largest bitcoin holder in the world. How many bitcoins are 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
- Coinbase: 483,000 BTC
- Bitfinex: 353,000 BTC
- MicroStrategy: 132,500 BTC
*Numbers are rounded for readability. Data as of January 4, 2023.
Bottom line: despite his vast wealth, Satoshi doesn’t touch BTC.
Satoshi’s holdings of 1.1 million BTC make him one of the 100 richest people on the planet, but he seems content to sit on a pile of digital coins. The fact that Satoshi hasn’t moved any BTC coins in over a decade is one of the main reasons why many people think he’s dead.
Others argue that the reason Satoshi doesn’t sell or spend his bitcoins is simply because he doesn’t care about his personal wealth and wants to remain anonymous. Whatever the real reason, we can always be grateful to Satoshi for his brilliant invention!
If you’re interested in the net worth of other famous cryptocurrency founders, check out our articles analyzing the wealth of TRON founder Justin Sun and Ethereum founder Vitalik Buteri.