Bitcoin's mysterious creator Satoshi Nakamoto has joined the ranks of the world's wealthiest individuals, securing the 18th position on the global rich list as Bitcoin approaches $100,000.
With Bitcoin reaching $98,370 on Thursday, Nakamoto's estimated holdings of 1.1 million BTC are now valued at over $107 billion. This meteoric rise has propelled the anonymous creator past numerous prominent billionaires into the upper echelons of global wealth.
The cryptocurrency has experienced a remarkable 40% surge in recent weeks, driven by increased institutional involvement and regulatory clarity. Yet what makes Nakamoto's wealth particularly intriguing is that these coins have remained untouched since Bitcoin's inception.
Bitcoin historian Pete Rizzo confirmed Nakamoto's new ranking through social media, noting the milestone achievement as Bitcoin trades near $97,000. Nakamoto's holdings represent approximately 5% of Bitcoin's total supply, making them one of the largest individual holders of the cryptocurrency.
The enigma surrounding Nakamoto's identity adds another layer of intrigue to this financial achievement. After launching Bitcoin in 2008 and mining the first coins in 2009, Nakamoto disappeared from public view in early 2011, stating they had "moved on to other things."
The crypto community watches with keen interest as Bitcoin edges closer to the $100,000 threshold. This approaching milestone not only validates Bitcoin's growing acceptance but also raises questions about the implications should Nakamoto's fortune ever move.
Despite becoming one of the wealthiest individuals in modern history, Nakamoto remains anonymous, leaving behind a revolutionary financial system that continues to reshape global economics. Their dormant wallet serves as a testament to Bitcoin's enduring impact, while the mystery of their identity remains unsolved.
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