Bitcoin Creator Satoshi Nakamoto Surpasses Bill Gates as 12th Richest Person Globally

Bitcoin's latest price surge has made Satoshi Nakamoto, the creator of Bitcoin, richer than Bill Gates with a net worth of $130.7 billion, placing him 12th on the global rich list. Nakamoto's holdings have remained untouched for years, with only two small incoming transactions recorded this year. His wealth has surpassed that of Bill Gates, who has an estimated net worth of $122 billion.

Bitcoin's latest price surge has propelled its creator, Satoshi Nakamoto, to a net worth of $130.7 billion, placing him 12th on the global rich list. Nakamoto's holdings have remained largely untouched, with only two minor incoming transactions recorded this year. This development surpasses the net worth of Bill Gates, who is estimated to be worth $122 billion [1].

The Bitcoin price surge, which saw the cryptocurrency reach a new all-time high of $124.4k, has significantly boosted Nakamoto's wealth. The Bitcoin creator holds approximately 1.1 million BTC, which is now worth $133.6 billion [2]. This substantial increase in value has pushed Nakamoto ahead of Bill Gates, who has been traditionally ranked among the world's wealthiest individuals.

The rise in Bitcoin's value can be attributed to several factors, including increased institutional demand, whale inflows, and supportive government policies. For instance, President Donald Trump's initiatives favoring the inclusion of alternative assets in 401(k) retirement plans have opened up a path for $12 trillion in retirement funds to be invested in Bitcoin [3]. Additionally, the Federal Reserve's expectations of easier monetary policy and the resolution of the Ripple v. the United States Securities and Exchange Commission (SEC) case have contributed to the cryptocurrency's momentum [3].

The Bitcoin ETF market has also seen significant growth, with wealth management firms like Choreo investing in various spot Bitcoin ETFs. Choreo has disclosed that it has invested approximately $6.5 million in Bitcoin ETFs, with its largest position in BlackRock's iShares Bitcoin Trust ETF (IBIT) [4]. This trend reflects the growing institutional interest in Bitcoin and its potential as a store of value.

In conclusion, Bitcoin's latest price surge has not only solidified its status as a major digital asset but also elevated Satoshi Nakamoto to a position of significant global wealth. The cryptocurrency's resilience and increasing adoption continue to shape the financial landscape, with Nakamoto's wealth serving as a testament to its enduring value.

References:
[1] https://coingape.com/trending/how-bitcoin-made-satoshi-nakamoto-richer-than-bill-gates-net-worth-revealed/
[2] https://u.today/satoshi-nakamoto-now-richer-than-bill-gates-jeff-bezos-next
[3] https://finbold.com/satoshi-nakamoto-is-now-richer-than-bill-gates/
[4] https://bitcoinist.com/wealth-management-choreo-6-5-million-bitcoin-etf/