Bitcoin breaks through $120,000, Satoshi Nakamoto rises to Top 11 on Forbes Global Billionaires List

As the price of Bitcoin surpasses $120,000, the mysterious founder of Bitcoin——Satoshi Nakamoto, has also risen to become one of the wealthiest individuals in the world. According to estimates from the blockchain analytics firm Arkham, Satoshi currently holds about 1.096 million BTC, spread across thousands of wallets, and at current prices, the total value of his assets has exceeded $132.8 billion.

This astounding wealth theoretically places Satoshi Nakamoto at 11th place on the Forbes Global Billionaires List, surpassing tech tycoon Michael Dell, whose net worth is $125.1 billion.

Satoshi Nakamoto's wealth growth may still continue.

Analysts believe that Satoshi Nakamoto's wealth growth may continue. Bloomberg analyst Eric Balchunas predicted in early June that if Bitcoin maintains a typical annual growth rate of 50%, Satoshi Nakamoto could rank second on the Forbes billionaire list by 2026.

Balchunas also pointed out that Satoshi Nakamoto never cashed out Bitcoin, a decision that puts him in comparison with the investment legend Jack Bogle, who, despite not having massive personal wealth, accumulated substantial riches by changing the investment landscape.

Satoshi Nakamoto's Bitcoin holdings are unmatched.

Compared to other major Bitcoin holders, Satoshi Nakamoto's holdings far exceed those of others. Enterprises and custodians hold a total of approximately 847,000 BTC, accounting for about 4% of the total supply of Bitcoin.

In addition, other well-known individual holders include the Winklevoss twins (approximately 70,000 BTC), venture capitalist Tim Draper (approximately 30,000 BTC, purchased at auction in 2014), and Strategy founder Michael Saylor (approximately 18,000 BTC).

It is worth noting that the Forbes Billionaires List does not account for cryptocurrency assets, focusing instead on publicly verifiable assets such as stocks.

Satoshi Nakamoto is close to the top of the global rich list, but still needs a significant increase in Bitcoin price.

Despite the historic rise in Bitcoin prices, Satoshi Nakamoto still trails behind Elon Musk, who ranks as the world's richest person with a fortune of about $404 billion.

In order for Satoshi Nakamoto to top the global billionaire list, the price of Bitcoin needs to rise by about 208%, reaching $370,000, provided that the wealth of other billionaires remains unchanged. This way, Satoshi Nakamoto would surpass Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg, whose fortunes are $274 billion and $274 billion respectively.

20,000 USD Bitcoin was transferred to Satoshi Nakamoto's Wallet.

Last month, an unknown Wallet transferred Bitcoin worth $20,000 to Satoshi Nakamoto's Genesis Block address, which is the largest transfer received by Satoshi's Wallet in four months.

Analysts from Arkham Intelligence suggest that this transaction could be a random withdrawal from an exchange, or it might be an intentional donation from early Bitcoin supporters in homage to Satoshi Nakamoto.

This transfer continues the pattern of making large Bitcoin donations to the Satoshi Nakamoto wallet periodically, usually related to exchange withdrawals. Historical data shows that over the past few years, thousands to over a million dollars worth of Bitcoin have been transferred into several wallets of Satoshi Nakamoto.

Will Satoshi Nakamoto's "silent wallet" shake the market again?

Currently, Satoshi Nakamoto's silent Wallet still holds about $117 billion worth of Bitcoin, which has remained untouched since Satoshi Nakamoto disappeared in 2011. If there is a large-scale movement of Bitcoin from these wallets, it could trigger significant market volatility.

Against the backdrop of this series of events, speculation about the true identity of Satoshi Nakamoto has once again heated up. Recent research suggests, based on indirect evidence, that Twitter co-founder Jack Dorsey may be Satoshi Nakamoto, while the fraud allegations against Craig Wright were dismissed in court.

(Source: Cryptonews)