Bitcoin Surge Propels Satoshi Nakamoto to 11th Richest Person with $133 Billion Net Worth

Satoshi Nakamoto, the anonymous creator of Bitcoin, has seen his net worth surge to $133 billion as the price of Bitcoin broke above $121,000. This significant increase in wealth has propelled Nakamoto to the 11th position among the world's wealthiest individuals, surpassing tech titan Michael Dell. According to Arkham Intelligence, Nakamoto still holds 1.1 million BTC, which represents around 5.24% of the total Bitcoin supply. Despite this substantial holding, Nakamoto has never moved a single coin since Bitcoin’s launch in 2009, highlighting the mysterious figure’s long-standing silence.

This rally has also propelled Bitcoin past Amazon and Silver, making it the fifth most valuable asset globally. The surge in Bitcoin's price has coincided with a renewed interest in the search for "Satoshi Nakamoto," as search spikes for the pseudonym often coincide with price surges. For instance, when search interest stayed above 50 in October 2024, Bitcoin tends to rally, as highlighted in previous market patterns. As of the 14th of July, the index is once again above that threshold, which may continue to lift BTC—and with it, Nakamoto’s ranking among the world’s wealthiest.

Bitcoin’s latest milestone comes in the wake of significant institutional adoption, especially after the approval of 11 Bitcoin spot ETFs in the United States on the 10th of January 2024. These ETFs opened the door for institutional and traditional investors to buy and hold Bitcoin directly, fueling a steady inflow of capital. As of the 14th of July, total assets under management (AUM) across Bitcoin ETFs hit $143.26 billion. This strong institutional support—alongside whale accumulation—has helped BTC outperform traditional financial instruments like Gold and the S&P 500 on a year-to-date basis.

Long-term conviction remains high. One key metric, Supply-Adjusted Coin Days Destroyed (CDD) on CryptoQuant, which reflects the activity of long-term holders, stood at just 0.3 on the 14th of July. This low value signals minimal selling among older wallets, typically a bullish sign. Adding to the bullish sentiment is the Bitcoin Community Sentiment Index, a tool used to gauge market conviction. As of the 14th of July, 90% of 4.3 million users on CoinMarketCap voted bullish on the asset’s direction. When social sentiment remains this high, it tends to support a sustained bullish trend. With all this in play, Satoshi Nakamoto could very well break into the top 10 richest individuals in the world.