Satoshi Nakamoto's Bitcoin Wealth Surges 8% to $129.1 Billion

Satoshi Nakamoto, the enigmatic creator of Bitcoin, is on the brink of surpassing Warren Buffett in global wealth rankings. The value of Satoshi’s dormant Bitcoin stash has surged to approximately $129.1 billion, according to Bitcoin historian Pete Rizzo. This places Satoshi’s net worth between tech billionaire Michael Dell, who holds $125.7 billion, and Warren Buffett, whose net worth is $143.3 billion.

Warren Buffett, a prominent figure in traditional finance, has been a vocal critic of Bitcoin, famously describing it as "rat poison squared" during a 2018 shareholders meeting of Berkshire Hathaway. Despite Buffett's skepticism, the value of Bitcoin has continued to rise, pushing Satoshi Nakamoto closer to the billionaire investor in terms of wealth.

Satoshi Nakamoto is believed to hold around 1.096 million Bitcoins, distributed across 22 different wallets. These wallets have remained untouched for over a decade, yet Bitcoin enthusiasts continue to send small amounts of BTC to these addresses as a tribute. The recent surge in Bitcoin's price, which increased by almost 8 percent from 108,920 to 117,570, has further boosted Satoshi’s wealth.

Bitcoin’s market capitalization has also seen a significant increase, reaching $2.337 trillion. This brief surge placed Bitcoin ahead of Amazon, which holds a market cap of $2.338 trillion, and just behind Silver, with a market cap of $2.199 trillion. As Bitcoin continues to gain traction in global markets, Satoshi Nakamoto’s financial influence is becoming increasingly prominent.

The narrowing gap between Satoshi Nakamoto and Warren Buffett in terms of wealth is a trend that market analysts are closely monitoring. This shift could potentially mark one of the most significant changes in personal wealth positions in history. As Bitcoin’s value continues to rise, so does the financial importance of its mysterious creator, Satoshi Nakamoto.