Bitcoin creator Satoshi Nakamoto may soon be richer than Warren Buffett, and Zuckerberg could be next
Tired of too many ads?
Remove Ads
Bitcoin's Price Surge Boosts Satoshi Nakamoto's Fortunes
A Billionaire Who Never Cashed Out
Tired of too many ads?
Remove Ads
FAQs
The mysterious creator of Bitcoin, known as Satoshi Nakamoto , whose real identity is still unknown, will soon overtake the billionaire investor Warren Buffett in wealth and potentially Meta CEO Mark Zuckerberg next, as per a report.According to Bloomberg ETF analyst Eric Balchunas, if Bitcoin continues its historical pace and rises 50% this year, in line with its long-term average, Satoshi's fortune could surpass Buffett's, according to The Street. The pseudonymous creator of Bitcoin is believed to hold approximately 1.096 million BTC, none of which have ever been moved or sold, as per the report.At Bitcoin's current price of approximately $109,874, Nakamoto's holding is worth over $120 billion, ranking him the 11th wealthiest person in the world, and he is now still behind Buffett's net worth of approximately $157.5 billion as of June 2, according to The Street. Nakamoto would need about $37 billion more to exceed Buffett's wealth, given Bitcoin's price and Buffett's assets remain unchanged, reported The Street.ALSO READ: Rich Dad Poor Dad author Robert Kiyosaki predicts greatest market crash in history – are you prepared? Balchunas wrote in a social media post that, "It's fascinating to ponder that the founder of something so successful never cashed in," quoted The Street. The analyst also compared the pseudonymous creator of Bitcoin's move to the Vanguard founder, Jack Bogle, who revolutionised investing but didn't pursue maximal personal wealth, as per the report.While, Bogle has previously said, "There is nothing for Bitcoin, except the hope that you would sell out to somebody for more than you were paid for," quoted The Street. The Vanguard founder wanted people to avoid Bitcoin "like the plague," reported The Street.Satoshi is the pseudonymous creator of Bitcoin, as per The Street. No one knows their real identity, it could be one person or a group.He is believed to hold around 1.096 million BTC, mined during Bitcoin's earliest days and never moved, as per The Street.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Cryptocurrency Live News & Updates : Is 'Chokepoint 3.0' Targeting Crypto Banks?
02 Aug 2025 | 11:35:12 PM IST Big banks are allegedly implementing 'Operation Chokepoint 3.0' by imposing high fees on fintech and crypto services, according to a16z's Alex Rampell. Recent discussions in the crypto space highlight significant challenges posed by traditional banks. Alex Rampell from Andreessen Horowitz warns that banks are charging exorbitant fees for accessing account data and transferring funds to crypto platforms, which could stifle competition. This follows the previous 'Chokepoint 2.0' era, where crypto businesses faced debanking pressures. Meanwhile, ONDO is currently testing critical support levels, with a potential bullish reversal if it holds above $0.83. In the corporate finance arena, Michael Saylor's Strategy has launched a Bitcoin-backed preferred stock, STRC, raising $2.5 billion, which he likens to an 'iPhone moment' for the firm. Lastly, Pepeto is emerging as a notable memecoin within Ethereum's ecosystem, combining meme culture with practical tools like zero-fee exchanges. As Chainlink experiences price fluctuations, whale activity suggests potential recovery, with a notable increase in holdings. These developments underscore the dynamic interplay between traditional finance and the evolving crypto landscape. Show more
Mint
9 hours ago
- Mint
Profits drop at Warren Buffetts Berkshire Hathaway as it writes down its Kraft Heinz investment
OMAHA, Neb. (AP) — Warren Buffett's company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire said it earned $12.37 billion, or $8,601 per Class A share, during the quarter. That's down from $30.248 billion, or $21,122 per Class A share, a year ago, because it recorded a much smaller paper investment gain this year. Berkshire's earnings can swing wildly from quarter to quarter because it has to record the current value of its massive investment portfolio even though it doesn't sell most of the stocks. That's why Buffett has long recommended that investors pay more attention to Berkshire's operating earnings, which exclude those investment gains. Although last year Berkshire did surprise shareholders by selling off a huge chunk of its Apple stake which inflated the investment gains then. By that measure, Berkshire's operating earnings were only down slightly at $11.16 billion, or $7,759.58 per Class A share. That compares with $11.598 billion, or $8,072.16 per Class A share, a year ago. Most of Berkshire's myriad assortment of companies — major insurers like Geico, BNSF railroad, a group of utilities and a collection of manufacturing and retail businesses — generally performed well despite the uncertainty about the economy and President Donald Trump's tariffs. The four analysts surveyed by FactSet Research expected Berkshire to report earnings per Class A share of $7,508.10, so the Omaha, Nebraska-based conglomerate's results were ahead of that. Berkshire owns more than 27% of Kraft Heinz' stock and, for years, it had representatives on the company's board. Buffett has said previously that he believes the company's iconic brands will do well over time, but in hindsight, he overpaid for the investment and underestimated the challenges branded foods face from retailers and the growth of private label products. This spring, Berkshire's representatives resigned from the Kraft Heinz board shortly before the company announced it is exploring strategic options that may include spinning off a large part of its portfolio of brands. Over the years since Berkshire helped Kraft buy Heinz in 2015, the company has been hurt by changing consumer tastes and a shift toward healthier options than Kraft's core collection of processed foods. Buffett's is still sitting on a massive pile of $344.1 billion in cash, although the company's reserves dipped slightly from the $347.7 billion cash it was holding at the end of the first quarter. Buffett told shareholders in May he just isn't finding any attractive deals for companies he understands. Buffett surprised shareholders at the annual meeting when he announced that he plans to give up the CEO title at the end of the year and hand over operations to Vice Chairman Greg Abel, but Buffett will remain Chairman.
Time of India
11 hours ago
- Time of India
Just like NBA stars, US AI experts are now receiving $250 million pay packages
US AI researchers are securing $250 million+ deals as tech giants battle for top talent. (AI Image) In the latest development in the US artificial intelligence (AI) job market, top AI researchers are reportedly receiving compensation packages exceeding $250 million, matching or even surpassing earnings of NBA superstars. As reported by The New York Times, technology firms including Meta, Google, OpenAI, and Microsoft are engaging in aggressive recruitment strategies, likened to free agency negotiations in professional sports. The AI talent war has intensified as companies compete to develop "superintelligence" — advanced AI systems capable of outperforming the human brain. The scarcity of experienced researchers has led to highly competitive offers and personal interventions by tech executives to secure top talent. High-value offers and personal outreach Meta CEO Mark Zuckerberg reportedly offered 24-year-old AI researcher Matt Deitke a compensation package worth approximately $250 million over four years. According to The New York Times, the offer included as much as $100 million in the first year alone. Mr Deitke, who co-founded the startup Vercept, had initially declined an earlier offer of around $125 million in stock and cash. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Legendary Cars from the Past Undo Following further negotiation and a personal meeting with Mr Zuckerberg, Mr Deitke accepted the revised offer. Recruitment efforts have become highly personalised. Zuckerberg has been directly messaging potential recruits, often following up with larger offers. As quoted by The New York Times, some Meta employees likened this strategy to the approach of sports franchise owners. The publication also reported that companies see these high compensation packages as justifiable, with the potential to significantly increase revenue through AI advancements. Recruitment tactics reflect professional sports culture The current AI hiring environment is marked by a level of intensity resembling that of major sports leagues. Companies have been poaching talent from each other, and social media has mirrored this dynamic with graphics and posts styled after sports trade announcements. One such post, made by the tech-focused online streaming platform TBPN, read: 'BREAKING: Microsoft has poached over 20 staff members from DeepMind over the last six months,' as cited by The New York Times. Many young AI researchers have reportedly formed private online groups to discuss offers, compare compensation packages, and advise each other on negotiation strategies. These discussions have taken place on platforms such as Slack and Discord, according to the report. The growing influence of these informal networks has shaped how researchers approach career decisions. Computing resources and recruitment networks In addition to financial compensation, companies like Meta are also offering vast computing resources. As per The New York Times, some recruits have been promised access to 30,000 graphical processing units (GPUs) — a critical asset for developing and training large AI models. Recruitment efforts are also being guided by internal documents, including one referred to as 'the List.' This list, as reported by The New York Times, contains names of top researchers with qualifications such as a Ph.D. in an AI-related field, experience at leading research labs, and a record of contributing to significant AI breakthroughs. Market shifts and internal challenges The demand for elite AI talent has also affected internal structures at companies like OpenAI. According to The New York Times, OpenAI's Chief Research Officer Mark Chen acknowledged in a staff meeting that the company has been countering offers from competitors. However, he noted that OpenAI had not matched Meta's financial proposals, stating, 'I personally think that in order to work here, you have to believe in the upside of OpenAI,' as quoted in the report. This rapid escalation in compensation has led to a redefinition of how value is assigned to AI expertise in the US, with new recruits often attempting to bring former colleagues into their teams. The New York Times also noted that researchers frequently try to recruit friends after joining a new lab, strengthening internal cohesion and collaboration. Background on Matt Deitke and Vercept Mr Deitke, who left a Ph.D. programme at the University of Washington, previously worked at the Allen Institute for Artificial Intelligence, where he contributed to the development of Molmo — an AI chatbot capable of handling images, sounds, and text. In November, he and several colleagues founded Vercept, a startup building autonomous AI agents. Vercept has reportedly raised $16.5 million in funding, including investment from former Google CEO Eric Schmidt. Following Mr Deitke's decision to accept Meta's offer, Vercept's CEO posted on social media: 'We look forward to joining Matt on his private island next year,' as cited by The New York Times. TOI Education is on WhatsApp now. Follow us here. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
