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Bitcoin Breaks Records: Satoshi Nakamoto’s Wealth in Focus
Bitcoin has reached unprecedented heights, nearing a value of $100,000 per coin daily. This rise brings attention to the question of Satoshi Nakamoto’s wealth, estimated to be among the largest in the cryptocurrency world. According to CoinGecko, the cryptocurrency market has grown 90% this year, further amplifying speculation about the wealth of Bitcoin’s enigmatic creator.
What Do We Know About Satoshi Nakamoto’s Wealth?
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, could be worth an estimated $106 billion, making him one of the 15 richest people globally. This calculation is based on the estimated 600,000 to 1.1 million Bitcoin believed to be in wallets attributed to Nakamoto.
Despite this immense wealth, Nakamoto’s identity remains unknown. His holdings, roughly 15-28% of all Bitcoin mined in its early days, are securely stored within the Bitcoin blockchain, ensuring the pseudonymity of ownership.
A Legacy of Altruism and Mystery
The story of Satoshi Nakamoto’s wealth is not only about immense riches but also about altruism. Nakamoto began mining Bitcoin in January 2009 without pre-allocating coins to himself. Former CoinDesk editor Pete Rizzo highlights how Nakamoto intentionally reduced mining over time to avoid monopolizing the network.
This selfless behavior aligns with Nakamoto’s withdrawal from public roles in December 2010, leaving the network to grow independently.
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