How rich is Satoshi Now? (Updated Live)

All time high: 19,387,398,800.07USD

Bitcoin Price = USD

Due to Bitcoin forks, Satoshi Nakamoto also has the following coins:

BCH Price = USD

BSV Price = USD

BTG Price = USD

Even 10 years after Bitcoins launch, the identity of Bitcoins mysterious founder is still unknown.

That being said, there are a few potential candidates of who might be Satoshi Nakamoto. Lets take a look at each one.

Hal Finney was a vocal cypherpunk and was heavily involved in cryptography even before hearing about Bitcoin.

Hal was on the mailing list that received Bitcoins whitepaper and has then built an online relationship with Satoshi where they discussed how to improve Bitcoin.

He also had the honor of being the receiver of the first Bitcoin transaction ever, which was sent by Satoshi himself.

Sadly, Hal passed away in August 2014 after battling Lou Gehrigs disease for 5 years, a degenerative disease.

Nick Szabo is a well-known cryptographer and cypherpunk. Years before Bitcoin went live, Nick Szabo already published a concept for a platform called Bit Gold.

Although this e-currency never got any traction due to its technical limitations, it does undoubtedly draw many parallels to Bitcoin.

Many think that Nick Szabo improved his concept and re-launched it as Bitcoin some years later under the pseudonym of Satoshi Nakamoto.

Adam Back started his career studying the intersection between cryptography and computers. In 1997, Adam developed the concept for Hashcash, which was an early application of Proof of Work (PoW).

This is the reason why many connect him to the creation of Bitcoin.

Adam is now the CEO of Blockstream, a technology company focused on building blockchain solutions. Blockstream is also one of the few institutions that provide funding to Bitcoin core developers.

Throughout the years there have also been several false alarms, like when an individual actually called Satoshi Nakamoto was thought to be Bitcoins mysterious creator, or when Craig Wright publicly announced that he was Satoshi Nakamoto.

Both occurrences where debunked shortly after due to a lack of proof, which leads us back to the question: Who is the anonymous billionaire named Satoshi Nakamoto?

The reason why nobody knows the exact number of Bitcoins that Satoshi holds is because they are not held in the same wallet, but rather scattered around thousands of different wallets.

This is the only address which is confirmed to belong to Satoshi, since it mined the Bitcoin genesis block:

Interestingly, this wallet keeps receiving Bitcoin transactions. Whether these are just tips sent as a tribute, or if there is something more to it is unknown.

One notable example was when the now defunct exchange Mt Gox sent 1.23 Bitcoin to one of Satoshis wallets.

Although Satoshi never bought any Bitcoin, he was the first Bitcoin miner and was also the only miner for what is estimated to be around 1 year.

This can be deduced by the fact that the Bitcoin hashrate from January 3 (2009) until January 25 (2010) was 7 Mhash/s.

Hence, if we assume that Satoshi was the only miner in the first 14 days of Bitcoins existence, he also was the dominant miner for the rest of the year as the hashrate remained relatively unchanged in that period.

At that time, the Bitcoin block reward was 50 BTC, which means that Satoshi amassed approximately 980,000 Bitcoins in total.

Since his disappearance in 2011, Satoshi hasnt moved a single one of his Bitcoins.

This could be the case because Satoshi might have passed away, because he believes in his creation so much that he doesnt want to spend them too early, or because he wants to avoid unchaining a panic reaction.

Fact is, nobody knows what Satoshi will do with his Bitcoins, or if he ever will do anything with them at all.

At Bitcoins all time high of $20,000 in December 2017, Satoshi was worth $19.6 Billion. This made him the 56th richest person alive.

If Bitcoin reaches $110,000 and the current worlds billionaire remains relatively unchanged, then Satoshi will become the richest person in the world.

If Bitcoin becomes global money, or at least a form of digital gold, then its arguably not unlikely that Satoshi may claim the #1 spot on the Forbes billionaires list.

Since Satoshi Nakamoto holds approximately 980,000 Bitcoins, the Bitcoin price would have to reach $1,000,000 per coin for him to become a Trillionaire.

And since there will never be more than 21 Million Bitcoins, that would put the total Bitcoin market capitalization at 21 Trillion.

While the price is currently very far from that goal, proponents of Bitcoin as the new global reserve currency see that as a possibility.

Some people criticize Satoshis anonymity, while others consider it Bitcoins greatest asset that its creator is unknown.

Only time will tell if Satoshis identity will ever come to light.

And until that happens (if ever), we will continue observing how a faceless Billionaire keeps amassing wealth as Bitcoin progresses on its exponential adoption curve.

CoinDiligent Staff Writer

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Satoshi Nakamoto's Net Worth: How Rich Is Satoshi Now? [LIVE]