Satoshi Nakamoto Climbing Up ‘World’s Richest’ Ladder as Bitcoin Explodes in Value

As of February 27, the valuation of Nakamoto’s BTC holdings stand at $63.4 billion (roughly Rs. 5,25,977 crore).

Advertisement
Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 27 February 2024 15:31 IST
Highlights
  • Satoshi Nakamoto remains anonymous with whereabouts unknown
  • Nakamoto is estimated to hold 1,125,150 Bitcoin
  • The mysterious BTC creator is one of the world’s most liquid entities
Satoshi Nakamoto Climbing Up ‘World’s Richest’ Ladder as Bitcoin Explodes in Value

Satoshi Nakamoto created Bitcoin in 2009 and bid farewell to the crypto space in 2011

Photo Credit: Twitter/ @CyrilObieze

Bitcoin, the oldest and most expensive cryptocurrency, is exploding in value now that its next scheduled halving is scheduled for April. As of Tuesday, February 27, Bitcoin is trading at its two-year high price point of $55,753 (roughly Rs. 46.2 lakh). As the cryptocurrency is rising in value, its anonymous creator who goes by the pseudoname of Satoshi Nakamoto is also getting richer. The estimated amount that Nakamoto has accumulated through his BTC holdings is reportedly above $60 billion (roughly Rs. 4,97,333 crore) as of Tuesday.

While the identity and whereabouts of Nakamoto remain unknown – there is some information available about their personal BTC holdings. In a report released in 2020, crypto research firm Whale Alert had claimed that Nakamoto owns 1,125,150 Bitcoin mined up to block 54,316.

At that time, the value of Nakamoto's fortune stood at $10.9 billion (roughly Rs. 90,345 crore). As of February 27, however, the same holding is worth $63.4 billion (roughly Rs. 5,25,977 crore).

If Nakamoto's net worth was tracked accurately by Forbes, they would be ranked under the top 25 richest people in the world. Currently, Bernard Arnault and family – who own Louis Vuitton and a total of 75 luxury brands like Bulgari, Dior, Fendi, and Givenchy – are marked the richest in the world with a fortune of $229.4 billion (roughly Rs. 19,01,347 crore) as per the Forbes' Real Time Billionaires List. Meanwhile, the 24th rank presently belongs to Julia Koch & family with their net worth touching $61.2 billion (roughly Rs. 5,07,247 crore).

Advertisement

Nakamoto's wealth, unlike many traditional businesspersons, is divided across thousands of digital wallets making him one of the most liquid individuals on paper, a CoinTribune report noted. Not a lot is known about this mysterious creator of Bitcoin.

While there are stories and individuals who have, in the past, claimed to possess information about Nakamoto, the most believable details about Nakamoto are logged with the P2P Foundation. This forum is an international organisation that tracks and documents peer to peer practices with a pool of resources. Users of the P2P Foundation forum are required to enter their birthdates when they join.

Advertisement

As per Nakamoto's profile page, BTC's creator was born in 1975 as a male in Japan. It remains unclear if this information is accurate or not. After creating the Bitcoin in 2009, aiming to break the financial monopoly held by world governments, Nakamoto announced his departure from the crypto space in 2011. The explosion of their wealth catapulting them among the world's richest, however, does seem to indicate that Bitcoin is here for the long haul whether world regulators support it or oppose it.


Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Also seeCryptocurrency Prices across Indian exchanges

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Oppo Reno 14 5G Series Teased to Launch in India Soon
  2. Nothing Phone 3 to Get New Glyph Matrix Interface on the Rear Panel
  3. Realme Buds Air 7 Pro Review: Eye-Catching Design, Thumping Bass
  4. Gemini and ChatGPT Would Not Exist Without This Dutch Company: Know Why
  5. Samsung Galaxy M36 5G India Launch Date and Key Features Revealed
  6. OTT Releases This Week: Ground Zero, Detective Sherdil, Found S2, and More
  7. Poco F7 5G to Be Equipped With a Snapdragon 8s Gen 4 SoC
  8. Samsung Galaxy Z Fold 7, Z Flip 7 Launch Date Leaked Online
  9. Realme 15 Series Said to Launch in July; Lite Variant Leaked Online
  10. Vivo X Fold 5 Dimensions, Charging Capacity Revealed Ahead of Launch
  1. Fast Radio Bursts Reveal Universe’s Missing Matter Hidden in Cosmic Intergalactic Fog
  2. Apollo Astronauts Found Orange Glass Beads on the Moon, Scientists Now Know Why
  3. World’s Oldest Tailored Dress Found in Egyptian Tomb Dates Back Over 5,000 Years
  4. Ancient Footprints in White Sands Confirm Humans Reached America 23,000 Years Ago
  5. Humanoid Robot Achieves Controlled Flight Using Jet Propulsion and AI Systems
  6. Curiosity Rover Reaches Uyuni Quad, Begins New Mars Mapping and Surface Analysis Campaign
  7. NASA to Gather Reentry Imagery of European Commercial Capsule Using High-Altitude Aircraft
  8. ESA's Proba-3 Unveils First-Ever Artificial Solar Eclipse Images from Precision Satellite Formation
  9. My Hero Academia Final Season OTT Release Date Revealed: Everything You Need to Know
  10. NASA Study Reveals Correlation Between Earth’s Magnetic Field and Atmospheric Oxygen
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.