Bitcoin creator Satoshi Nakamoto may soon be richer than Warren Buffett, and Zuckerberg could be next
Satoshi Nakamoto, Bitcoin's creator, may soon become wealthier than Warren Buffett. A price surge could elevate Nakamoto's fortune. Nakamoto holds a substantial amount of Bitcoin. This holding is currently valued at over $120 billion.
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Bitcoin's Price Surge Boosts Satoshi Nakamoto's Fortunes
A Billionaire Who Never Cashed Out
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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.
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