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Satoshi Nakamoto fell from the world’s 20th richest billionaire to the 79th in 8 months – Featured Bitcoin News
In mid-November 2021, Bitcoin inventor Satoshi Nakamoto was one of the richest individuals on the planet, with more than $ 69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 and is now ranked 79th among the world’s 100 richest people.
Satoshi Nakamoto’s net worth fell 70% – Bitcoin’s inventor is still among the 100 richest billionaires
On the low end, it is estimated that Bitcoins creator, Satoshi Nakamoto, mined at least 600,000 to 700,000 bitcoin (BTC) during the blockchain’s first launch period. Higher estimates suspect that Nakamoto will extract up to 1.1 million BTC with a single advanced PC.
It is safe to say that it is generally accepted that Nakamoto has about 1 million bitcoin, and all the forks that originated from the original creation. This means that if Nakamoto still owns the coin, then the net worth of the inventor’s portfolio is worth more than $ 20.5 billion using current BTC exchange rates.
With a net worth of more than $ 20.5 billion, Satoshi Nakamoto is the 79th richest person on the planet today. Nakamoto is just above billionaire Huang Shilin, deputy director of Contemporary Amperex Technology (CATL). His business is one of China’s largest manufacturers of electric car batteries, and Shilin is worth $ 20.3 billion today, according to the Forbes 2022 billionaire list.
Right across from Nakamoto is Jensen Huang, co-founder of the graphics processor unit (GPU) chipmaker Nvidia. In 2022, Huang will be in 78th place in terms of the world’s richest, as Huang’s net worth today is $ 20.6 billion.
While Nakamoto’s portfolio fell in value, CATL and Nvidia executives saw their net worth increase
The difference between Nakamoto and billionaires Shilin and Huang is that while the Bitcoin inventor’s net worth fell above 70% after its peak in mid-November 2021, Huangs and Shilins increased.
The deputy leader of CATL saw his net worth increase by 57.36% since last year and Huang’s fortune increased by 74.57% since 2021. Both Shilin and Huang also moved up a notch on the Forbes Billionaires list from 2021 to 2022, while Satoshi’s position fell .
Nakamoto’s position today is the 79th on the Forbes list, but on October 17, 2021, Bitcoins’ inventor was the 20th richest person. In fact, at the time, Nakamoto was just below all three Walton siblings. Walton family members Jim Walton, Alice Walton and Rob Walton own and operate the Walmart mega-retail chain.
In October, when Nakamoto was the 20th richest person, the inventor of Bitcoins did not spend a single penny of the crypto assets at that time worth $ 60.9 billion. The funds Satoshi allegedly owns have never moved in the last 13 years, and many believe that the creator of Bitcoins will not move BTC under any circumstances.
Although Nakamoto’s fortune has fallen significantly, this is not the first time this has happened. The cryptocurrency maker’s net worth has fallen 70-80% several times since Bitcoin’s launch.
What do you think about Satoshi Nakamoto’s net worth falling by 70% in eight months? Tell us what you think about this topic in the comments section below.
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