Bitcoin Surge Could Make Satoshi Nakamoto 11th Richest Person

Following Bitcoin’s surge above $111,000, market sentiment has turned increasingly bullish, with participants anticipating sustained upward momentum for the cryptocurrency. One notable analyst has predicted that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, could see a significant boost in his net worth. According to this analyst, Nakamoto’s wealth could surpass that of longstanding billionaires Warren Buffett and Mark Zuckerberg in the near term.

The analyst, who shared his outlook on a social media platform, outlined a scenario where Nakamoto could ascend to a new position on the global billionaire list. If Bitcoin follows its historical trend of achieving a 50% increase in price value annually, Nakamoto could replace Warren Buffett and eventually surpass Mark Zuckerberg to become the second-richest billionaire. Currently, Bitcoin is trading at $105,422, and a 50% increase would elevate its value to $158,133.

The analyst’s comments come as market participants revisited the famous Satoshi Nakamoto Bitcoin wallet address, “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” revealing that Nakamoto’s holdings have risen to $120 billion worth of Bitcoin. This places Nakamoto as the 11th richest person globally. Nakamoto is believed to have received a 50 BTC reward from mining the first block on the Bitcoin blockchain.

As of the latest data, Warren Buffett’s net worth stands at $154 billion, making him the sixth-richest billionaire on the Forbes list. Mark Zuckerberg holds the second position with a net worth of $216 billion. Satoshi Nakamoto’s $120 billion holding would position him just above Microsoft’s Steve Ballmer, whose net worth totals $118 billion, currently occupying the 10th position.

The analyst’s prediction highlights the potential for significant wealth accumulation through Bitcoin, echoing the story of Jack Bogle, the founder of Vanguard, who also never cashed in on his company’s success. The scenario paints an intriguing picture of how the founder of a groundbreaking technology could amass wealth without directly benefiting from it financially.