In mid-November 2021, Satoshi Nakamoto, the inventor of bitcoin, held over $69 billion in bitcoin, making him one of the top 20 billionaires on Forbes’ 2021 list of the planet’s He was one of the richest people on the planet. Seven months later, the unnamed inventor of bitcoin has fallen out of the top 20 and is now positioned 79th on the list of the world’s 100 richest people.
Satoshi Nakamoto’s Net Worth Dropped 70% – Bitcoin’s Inventor Is Still in the Top 100 Richest Billionaires
At the low end, it is estimated that Satoshi Nakamoto, the creator of Bitcoin, mined at least 600,000 to 700,000 bitcoins (BTC)during the blockchain’s initial launch period. Higher estimates suggest that Nakamoto mined up to 1.1 million BTC in a single mining run. It is also estimated that he mined 1.1 million BTCon a single high-end PC.
It is safe to say that it is generally accepted that Nakamoto has approximately 1 million bitcoins and all the forks derived from the original creation. In other words, if Nakamoto still owns a stash of coins, the net value of the inventor’s portfolio would be over $20.5 billion using today’sBTCexchange rate; using the BTCexchange rate, it would be worth over $20.5 billion.
With a net worth of over $20.5 billion, Satoshi Nakamoto is the 79th richest person on the planet today. Nakamoto is just above billionaire Huang Shilin, vice chairman of Contemporary Amperex Technology (CATL). His business is one of China’s largest electric vehicle battery makers, and Shilin is currently worth $20.3 billion, according to Forbes’ list of billionaires for 2022.
Just above Nakamoto is Jensen Huang, co-founder of graphics processing unit (GPU) chip maker Nvidia; in 2022, Huang’s current net worth is $20.6 billion, so in terms of global riches, he He commands 78th place.
While Nakamoto’s portfolio has fallen in value, CATL and Nvidia executives have seen their net worth increase
The difference between Nakamoto and billionaires Shilin and Huang is that the bitcoin inventor’s net worth declined by over 70% after the mid-November 2021 high, while Huang and Shilin’s increased.
CATL’s vice chairman has seen his net worth increase 57.36% since last year, while Huang’s assets have jumped 74.57% since 2021. In addition, both Shilin and Huang moved up several rungs on the Forbes Billionaire list from 2021 to 2022, while Satoshi’s ranking dropped.
Nakamoto’s current position is 79th on the Forbes list, but on October 17, 2021, the Bitcoin inventor was the 20th richest man. In fact, at that time, Nakamoto was just below the three Walton siblings. The Waltons, Jim Walton, Alice Walton, and Rob Walton, own the mega retail chain Wal-Mart.
In October, when Nakamoto was the 20th richest man in the world, the Bitcoin inventor had not spent a penny of the $60.9 billion worth of crypto assets he then owned. Funds allegedly owned by Satoshi have not moved once in the past 13 years, and many believe the creator of bitcoin would not moveBTCunder any circumstances, while
Nakamoto’s fortune has declined significantly, it is not the first time. The cryptocurrency creator’s net worth has been 70-80% lower many times since Bitcoin’s inception.
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