You won't believe who just became the 11th richest person in the world? Has more money than Mukesh Ambani, Adani, name is...
Years before the advent of digital currencies, Bitcoin's inventor's true identity has remained one of the most enduring mysteries on the internet. The creator of the world's first decentralized digital financial system is known only by the pseudonym Satoshi Nakamoto, and his identity has never been confirmed.
The anonymous creator of Bitcoin now controls over 1.096 million bitcoins, which is approximately $129 billion, making him one of the 11 richest men in the world, without ever revealing who they actually are.
Satoshi Nakamoto, the unidentified creator of Bitcoin, has now officially made their way into the top 11 richest people in the world after Bitcoin surpassed $120,000 on Sunday. A Cointelegraph report based on data from blockchain analytics company Arkham showed that when Bitcoin debuts over the $120,000 line, Nakamoto's holdings surpassed Michael Dell's, the CEO of Dell Technologies, whose total wealth is estimated at $125.1 billion.
What is even stranger is that Nakamoto has never moved a single coin from his original stack even as Bitcoin ballooned in price. Although the Forbes Billionaires List has not added crypto wallets to it's official ranking, Nakamoto's rising wealth is attracting more and more international attention as the price of Bitcoin climbs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
4 hours ago
- Time of India
Elon Musk's favorite coin set to skyrocket? Crypto guru predicts Dogecoin could jump 80% soon
Dogecoin, Elon Musk's favorite meme coin, is making headlines again as its price sees renewed momentum amid the broader crypto rally. After surging over 10% in the last seven days, Dogecoin is now trading around $0.234, with leading analysts predicting a potential 80% price jump in the next two months. According to Ali Martinez, a widely followed crypto analyst known as @ali_charts on X (formerly Twitter), Dogecoin is showing signs of forming a "double bottom" pattern — a classic bullish signal that often points to a reversal in a downtrend. If the pattern plays out as expected, DOGE could rally to $0.42 by September. Explore courses from Top Institutes in Select a Course Category Data Science Digital Marketing Project Management CXO Data Science MCA Finance Cybersecurity MBA Product Management Public Policy Healthcare Data Analytics Design Thinking Technology Artificial Intelligence others PGDM healthcare Operations Management Degree Management Leadership Others Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Why are analysts predicting a massive Dogecoin rally? The buzz around Dogecoin's possible price surge comes from a technical pattern known as the double bottom. This chart formation appears when a crypto asset hits a low price twice with a slight peak in between. Once the price breaks above that peak, it often signals a reversal and a strong upward move. Martinez's analysis suggests that this exact pattern is forming on Dogecoin's chart right now. He predicts that if the coin breaks out above the neckline — the middle peak in the formation — it could head toward $0.42, marking nearly an 80% rise from current levels. What do the charts say about Dogecoin's next move? Technical analysts are spotting several bullish patterns forming on Dogecoin's price chart. One well-known trader noted that DOGE is trading inside an ascending channel, a setup that often results in a sharp breakout if resistance levels are breached. Live Events Other analysts are equally optimistic: Some see DOGE heading toward $0.40 or higher , which would mark a 60%–80% rally from its recent levels. The coin is currently consolidating just under key resistance zones, and a breakout could ignite serious momentum, especially with Bitcoin holding above $60,000. Are big investors actually buying more Dogecoin? Yes — and that's another major reason why Dogecoin is back in the spotlight. According to Martinez, whales have bought more than 1 billion DOGE tokens within just 48 hours. This rapid accumulation by large holders is often considered a bullish signal, as it indicates strong confidence in the asset's future price movement. Whale activity often precedes major market moves, and the fact that they're piling into Dogecoin suggests insiders might be preparing for a major breakout. What's Elon Musk's connection to Dogecoin? Dogecoin owes much of its popularity to Tesla CEO Elon Musk, who has repeatedly voiced support for the coin. Over the years, Musk has referred to Dogecoin as the "people's crypto" and hinted at incorporating it into various business ventures, including X (formerly Twitter) and even Tesla payments. Though Musk hasn't directly commented on this latest rally, his influence on Dogecoin's price is well-documented. Just one tweet or public mention from Musk in the past has often been enough to move the coin's price dramatically. How does Dogecoin compare to Bitcoin and other crypto assets? Dogecoin started as a joke currency back in December 2013, parodying the first decentralized cryptocurrency, Bitcoin, which launched in 2009. But it's come a long way since. In fact, while Bitcoin is still the top choice for crypto treasury strategies, Dogecoin is now being considered by companies for balance sheet diversification. One example is Bit Origin (Nasdaq: BTOG), which has reportedly added DOGE to its corporate holdings — signaling growing acceptance of meme coins in the institutional space. Bitcoin recently hit an all-time high of $123,091.61, contributing to the overall bullish sentiment in the crypto market and indirectly lifting altcoins like DOGE along with it. Is this Dogecoin rally hype or legit? While the 80% target may sound lofty, it's not out of the question for DOGE. The meme coin has a history of massive parabolic moves , often triggered by a mix of social media buzz, whale activity, and technical breakouts. Still, it's worth noting the risks: Volatility : Dogecoin is known for wild price swings. Speculation-driven : The coin has limited real-world use cases. Market sentiment : A broader crypto downturn could stall any rally. Can Dogecoin really reach $0.42 again? At press time, Dogecoin is trading around $0.234, nearly 70% below its all-time high of $0.7376, which was set on May 8, 2021. To hit the $0.42 target, the coin would need to rally approximately 80% in less than two months. While technical patterns and whale accumulation are promising signs, the crypto market remains highly volatile. Price movements are often influenced by sudden news events, regulatory decisions, and macroeconomic shifts. Still, with increased buying activity, strong technical signals, and renewed market optimism, Dogecoin may be gearing up for another headline-grabbing breakout. Dogecoin surged over 10% in a week, currently trading at $0.234 Ali Martinez sees a bullish double bottom pattern with a price target of $0.42 Over 1 billion DOGE bought by whales in 48 hours Companies like Bit Origin are adding DOGE to their corporate balance sheets A potential 80% rally could push DOGE closer to its former highs by September As the broader crypto market continues to rally, all eyes are once again on Dogecoin — and if this momentum continues, it could be one of the biggest gainers of the summer. FAQs: Q1: Will Dogecoin go up to $0.42 by September? Yes, analysts say Dogecoin could rise 80% if the double bottom pattern holds. Q2: Why are whales buying Dogecoin now? Whales bought 1 billion DOGE in 48 hours, hinting at a bullish move.
News18
7 hours ago
- News18
Crypto Market Booms As Ethereum Soars 70% In A Month, Trump's Company Reaps Massive Gains
Last Updated: Currently, Ethereum is trading at $3,538.23, while Bitcoin stands at $118,071.65. In the last 24 hours alone, Ethereum has seen institutional purchases worth $5 million News18 There's a surge of activity in the cryptocurrency market as the total market capitalisation has crossed the $4 trillion mark for the first time ever. After a strong rally in Bitcoin, Ethereum is now making headlines with an impressive rise. The world's second-largest cryptocurrency has jumped 20% in just five days and a whopping 70% over the past month. Its market cap has swelled by $150 billion in less than 30 days. US President Donald Trump's company, World Liberty Financial, has reportedly made significant investments in Ethereum. With the latest price rally, Trump is said to have gained enormously from the rise. Currently, Ethereum is trading at $3,538.23, while Bitcoin stands at $118,071.65. In the last 24 hours alone, Ethereum has seen institutional purchases worth $5 million. The GENIUS Act Fuels the Rally The driving force behind this crypto boost is a historic law passed in the United States, the GENIUS Act, which was signed by President Trump last Friday. The legislation has sparked fresh enthusiasm and confidence among investors, pushing 'Crypto Week' into high gear. Cryptocurrencies are now being seen as more than just a risky or speculative investment. So far in July, Bitcoin funds have attracted $5.5 billion (Rs 46,750 crores), while Ethereum ETFs have seen investments worth $2.9 billion (Rs 24,650 crores). According to sources, Trump's company has recently invested around $10 million (Rs 85 crores) in Ethereum. Blockchain data from Nansen reveals that World Liberty Financial bought 3,007 ETH at a price of $3,325 each. This isn't their first major investment as in March, the company had already purchased 4,468 ETH. In addition to Ethereum, Trump's personal gains from his $TRUMP meme coin have been remarkable. According to crypto analytics firm Gauntlet, he has earned $150 million (Rs 1,275 crores) from the token between January and mid-June. Research platform Messari suggests that a planned 'coin unlock' this week could increase his crypto wealth by another $100 million (Rs 850 crores). view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
7 hours ago
- Economic Times
Market pressure remains amid US-India trade deal uncertainty, weak Q1: Sudip Bandyopadhyay
ET Now: This week we have ended below 25,000 mark, but the concerns, the tensions, the news flow remains the same as it was there last week. I want to understand from you how do you assess the market direction now vis-à-vis the news flow still remains the same? Live Events ET Now: You mentioned about distinction about two types of news flow, one was earnings and one was, of course, the global news flow which is continuing. In terms of earnings, this weekend and today actually is very-very important because Reliance is coming, you will have ICICI, HDFC Bank all the heavy weights especially for Nifty, the earnings are due this weekend. Do you think there could be a different direction when we meet on Monday? ET Now: What is going to be your view, especially on tier II, talking about the midcap IT space, do you think that is going to be exciting and someone who really wants to stay put in this particular sector should be looking on the tier II counters or maybe initiating something, so they have a better projection? ET Now: You did mention about your pick in the IT sector, but I want to ask about defence sector as well. How do you see this sector performing particularly on Friday, it was a kind of a dragger? ET Now: How do you look at metals because that is always a new specific sector? I want to understand from you because there has been lot of news flow recently and metal has been…, if you see past one week, it has gained momentum of around 1%, but again it is much dependent on the global news flow. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says considering the valuation at which most of the stocks were trading and considering the uncertainty and subdued Q1 results, the market is drifting downwards, that is our view. Till the time there is a concrete positive news flow around the trade deal or good corporate results come out, we will continue to hover around this with a negative distinct streams of info and news flow we need to keep our eyes on. One is what is happening in the global front and predominantly that is dominated by the trade deal which India and US are expected to sign; now that has been since the 9th of July and we are still waiting. There are multiple news coming but till the time the deal is in front of us, we do not know exactly what it is, so it is kind of a lot of companies, lot of businesses, and the market is on tenterhooks. So that is one part of the uncertainty which is plaguing the second part is, of course, corporate results. It is nothing great which is coming out. By and large it is around expectations. Leave aside JSW Steel which has beaten the expectations or Wipro who has given a very good forecast about their next H2 as well as Q2 but by and large the results have been considering the valuation at which most of the stocks were trading and considering the uncertainty and subdued Q1 results, the market is drifting downwards, that is our view. Till the time there is a concrete positive news flow around the trade deal or good corporate results come out, we will continue to hover around this with a negative yes. these three stocks together is about 30% of Nifty weightage, so definitely if they come up with results which gives a direction one way or the other, market will far as both the banks are concerned, expectations are mixed. After the Axis results came out, there are a lot of concerns as well, particularly on the growth side. Let us wait and watch what happens. But yes, you are absolutely right if they give some results which is indicating a direction, market will take the cue and two things. One is tier II, I will definitely look forward to Coforge numbers. This is one company which has been beating expectations and performing exceedingly well. So, I would definitely watch for their if I have to pick something from the entire universe, probably I will look at the largecap once only and Wipro definitely deserves a look considering the confidence with which management is reiterating that their Q2 numbers as well as H2 numbers will be much yes, Wipro is talking about coming back to growth and valuation-wise also it is attractive, so, one can look at that. As far as the other midcap IT companies are concerned, one has to be extremely careful about the valuation. Look at LTIMindtree. The numbers were pretty good. Management commentary was good, but the stock is still correcting because the valuation was and still is a bit I do like defence and it is a long-term bet. And one has to remember that the valuations are not cheap. So, if you are looking at a long-term investment, long-term view, some of the defence stocks even at current valuation definitely good because they have a strong order book, they will continue getting better and more and more orders. The execution will be phased over a period of time and over a period of time valuation will catch up and move ahead of the current fundamentals. But as things stand today, the valuation is far ahead of the fundamentals, and to expect a short, medium-term significant upside, it is bit unrealistic considering where these companies are right. Metal is always a sector which has lot of global inputs and at this stage if I look at a medium to long-term trend, the trend is positive undoubtedly and metals over a period of time will do well. Short-term fluctuations, short-term price movements will be there and there will be volatility because inherently with global news flows and global demand-supply prices of metals move and hence the stocks also move, but from a long-term point of view these are positive, particularly on domestic scenario I do like Vedanta quite a bit and this is in spite of all the reports and other things which are coming the company is in strong businesses and there is a significant value unlocking happening and it is not a matter of speculation, it is happening, it has already happened, the execution is getting done. So, it is a matter of time before the benefit of value unlocking accrues to the Vedanta shareholders as well. So, yes, if somebody has to look at metals, Vedanta definitely would. Apart from Vedanta, we do like Hindustan Zinc also. Zinc, of course, they are the leaders and all that. Along with that, silver and both these two metals are gaining momentum significantly. The company is doing exceedingly well and one can look at Hindustan Zinc as well.
