Satoshi Nakamoto’s Bitcoin Wealth Drops by $41 Billion, Now Poorer Than Bill Gates

BitcoinThe company’s price has fallen dramatically over the past month, dragging down the elusive creator’s supposed fortune with it.

Just over a month ago, Satoshi NakamotoThe company’s total Bitcoin holdings were estimated at $137 billion, according to this report Arkham Intelligence data, based on wallets believed to be linked to the pseudonymous creator.

This made Satoshi the 11th richest person– if it is a single person, that is – in the world, compared to the Forbes billionaires listbefore people like Microsoft co-founder Bill Gates. (Forbes doesn’t follow Satoshi, just to be clear.)

However, with Bitcoin drop of more than 30% to a recent price of $87,281, from an all-time high of $126,080 in early October, Satoshi’s net worth has fallen to $95.8 billion in just over a month. This now places the mysterious founder as the 20th richest person in the world, poorer than Gates at $104.4 billion.

Satoshi Nakamoto is the pseudonym adopted by Bitcoin’s creator when they wrote the white paper in 2008, but also during conversations on forums or via email. Despite numerous attempts to unmask Satoshi’s true identity, including one controversial HBO documentary from last year– no one has successfully convinced the public that they have found the right person.

Crypto experts have been able to determine how much Bitcoin the creator owns. Identified using what the Patoshi pattern– a distinctive mining pattern found only in the earliest Bitcoin blocks – experts estimate that Satoshi roughly owns it 1.1 million BTCclose to the number of 1.096 million BTC that Arkham Intelligence tracks.

That said, Satoshi’s actual net worth could potentially differ a lot from this figure, as we don’t know of any off-chain or non-Bitcoin assets. For a moment, Forbes calculates the net worth of billionaires based on the individual’s public assets and estimates the value of private assets, which may be inaccurate.

Regardless of Satoshi’s exact net worth, it’s safe to assume that $95.8 billion is a significant portion of their net worth. For that reason, some believe the elusive creator may step out of the shadows as advances in quantum computing threaten to break Bitcoin, also known as Bitcoin. Q day.

Proposals have already been made to freeze Satoshi’s Bitcoin due to the looming quantum “existential threat.” Others have proposed a Bitcoin hard fork to quantum resistant the entire network.

However, Joseph Chalom – the co-CEO of SharpLink Gaming, a leading Ethereum treasury company – previously told Declutter that he believes Satoshi will reveal himself if this obstacle is attempted.

“I have this wild idea that at some point – five, ten years from now – when the Bitcoin network needs to be quantum-proof, there will be some really important decisions made around standards and encryption,” says Chalom. said in September. ‘Decisions will be made about whether you should harden the protocol [and] what you do with portfolios that are inactive.”