Satoshi Nakamoto is the pseudo-anonymous creator of bitcoin who mined the cryptocurrency’s genesis block. But have you considered, What is Satoshi Nakamoto’s net worth? Bitcoin’s creator owns an estimated 1,100,000 coins, which are worth around $64.65 billion in today’s price levels.
Today, more than a decade later, we’re still none the wiser when it comes to Satoshi’s real identity. Let’s take a look at how bitcoin’s creator got so wealthy and what it would take for him to become the wealthiest person on the planet.
Summary For Fast Readers
- RSK’s Demian Lerner discovered that Satoshi Nakamoto owned around 1.1 million BTC.
- Satoshi conducted his first transaction on the 12th of January, 2009, when he sent 50 BTC to Hal Finney.
- Satoshi’s current net worth is around $64.65 billion.
How Do We Know How Wealthy Satoshi Nakamoto Is?
In 2013, RSK’s designer Demian Lerner started doing some digging around. He wanted to know how much bitcoin the cryptocurrency’s founder had mined and how much of it was still sitting in his wallets.
Lerner based his assumption on the fact that because the hash rate stayed at a low-level of 7 million hashes per second, it was consistent with the theory that a single miner was contributing to the bitcoin network in 2009.
Lerner also pointed out that the hash rate was the same hash rate that was prevalent during the first 14 days of bitcoin’s life, adding to the theory that Satoshi Nakamoto was the lone miner at the time. He put forward his idea into the public domain and put forward a detailed analysis explaining why he thought Satoshi was the dominant miner in 2009. He also detailed out which wallet he was mining to.
Where Are All The Bitcoin Satoshi Mined Now?
Lerner’s analysis showed that there are 1.1 million bitcoins in the wallets that belong to the dominant miner, assumed to be Satoshi Nakamoto. Satoshi hasn’t spent or moved any of the bitcoins in his wallets since he disappeared, although he did send some of the bitcoin that he mined to a select few people.
Satoshi conducted his first transaction on the 12th of January, 2009, when he sent 50 BTC to Hal Finney. Currently, the value of those 50 BTC at 2021 price levels is around $2.7 million. This gives us an indication of the value that Satoshi was creating, often the only miner on the network.
What Is Satoshi’s Net Worth?
Bitcoin’s price was $1 in 2011, meaning his net worth in 2011 was $1 million. However, what is it worth at today’s price level? If you take the value of bitcoin at today’s price level, Satoshi’s net worth is $64.65 billion.
Is Satoshi Nakamoto The Richest Person On The Planet?
Currently, Jeff Bezos is the richest person globally, with a net worth of $181.3 billion. However, it is widely believed that if Bitcoin crosses $150,000, then Satoshi will become the richest person on the planet. If bitcoin keeps growing at its current pace, Satoshi Nakamoto could easily become the world’s first trillionaire.
Did Satoshi Nakamoto Ever Spend His Bitcoin?
Satoshi was well aware that bitcoin was not a fully anonymous financial system. The most accepted reasoning is that Satoshi has chosen to never spend his bitcoin, for whatever reason. Another theory is that bitcoin’s creator is already dead.
If one day, Satoshi Nakamoto decides to reveal himself, or is found to be alive, it would be the biggest headline of our time. It will also be extremely interesting to see how the markets react to this news.