Bitcoin creator is now the 15th richest person in the world

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Bitcoin’s pseudonymous creator Satoshi Nakamoto is now the 15th richest person in the world, following the cryptocurrency’s recent price rally.

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With crypto holdings in the region of 750,000 to 1.1 million BTC, Nakamoto’s net worth is estimated to be up to $73 billion. This puts him above Walmart’s heirs Jim and Rob Walton, as well as Mexican entrepreneur Carlos Slim.

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The price of bitcoin reached a new all-time high of over $68,000 earlier this month, after rising more than 300 percent over the past year. A leading prediction model has predicted it could rise above $100,000 before the end of the year, which would see Nakamoto climb into the top 10 of the world’s richest people, with a net worth equal to that of investor Warren Buffett.

Nakamoto described his vision for a peer-to-peer digital currency in a 2008 white paper, before launching bitcoin a few months later in January 2009. After collaborating with other developers on the project for nearly two years, Nakamoto withdrew and hasn’t been active online for over a decade.

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Several bitcoin wallets belonging to Nakamoto are also believed to remain untouched, with the value of their contents increasing by more than 10 million percent since they were last used.

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The mystery surrounding Nakamoto’s true identity remains unsolved, although circumstantial evidence points to several possible candidates.

Early crypto pioneer Hal Finney was the first to receive bitcoin via online transactions and several attempts were made to link his online activity to that of Nakamoto. He denied being the creator of the cryptocurrency and refused to speculate on who it might have been until his death from amyotrophic lateral sclerosis (ALS) in August 2014.

a high-profile newsweek In March 2014, the cover story “unmasked” the inventor of bitcoin, claiming that Japanese-American computer scientist Dorian Satoshi Nakamoto was behind it. The article was widely rejected after its publication.

In the same year, a book by financial author Dominic Frisbee Nick Szabo selected as the creator of bitcoin, alluding to his writing style and the fact that he designed a pre-cursor to bitcoin’s electronic cash system. Mr Szabo denied the claims, tweeting: “Not Satoshi, but thank you.”

In 2015, Australian programmer Craig Wright claimed to be Satoshi Nakamoto, but was widely greeted with skepticism from senior figures in the crypto industry. Days after declaring himself the inventor of bitcoin, Mr. Wright withdrew his claim and posted an apology on his website.

“I believed I could hide years of oblivion behind me,” he wrote. “But, as the events of this week unfolded and I prepare to publish the proof of access to the keys as soon as possible, I break down. I don’t have the guts. I can’t.”

Mr. Wright has since been sued by the estate of the deceased David Keeman, whose family claims he worked with Mr. Wright and jointly used the pseudonym Satoshi Nakamoto to publish the bitcoin white paper in 2008. .

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Credit: www.independent.co.uk /

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