- Satoshi Nakamoto is now the 11th richest person in the world and surpasses Bill Gates
- Bitcoin that from peer-to-peer currency to digital gold goes in the middle of decreasing use on chains
Satoshi Nakamoto, the enigmatic maker of Bitcoin [BTC]Has now climbed the ranks of global wealth and the world’s 11th richest individual with an estimated fortune of $ 120 billion.
Source: Arkham/X
11th richest person – thanks to Bitcoin
This milestone follows the historical price rally of Bitcoin, one that recently drove the assets to a record high near $ 112,000. This, before a slight correction pushed the crypto to act at $ 109,331 on the price diagrams.
While the fears once circulated over us who spot Bitcoin ETFs that surpass the interests of Nakamoto, those worries have since blurred.
Blockchain analysis company Arkham Intelligence recently confirmed that a cluster of sleeping portfolios, for a long time has been under control of Nakamoto, remains untouched since his disappearance in 2011.
It is said that this wallet contains approximately 5.2% of Bitcoin’s total supply, a figure that underlines the ongoing influence of Nakamoto on the cryptomarkt despite its silence.
Community reactions
Respond to this news, an X user added”
“The most quiet billionaire in the world.”
Following similar sentiments, another user said,
Source: X
However, not everyone shared the same views, with one commentary”
“He probably died years ago, so that $ BTC is lost.”
Despite the constant speculation around the true identity of Satoshi Nakamoto, ranging from Hal Finney to Nick Szabo, the mystery remains unsolved.
And yet, what is clear, is the growing concern about the impact that his sleeping Bitcoin interests could have if they are ever moved or liquidated.
Here it is worth noting that the power of Nakamoto has now increased by that of Bill Gates, completely driven by the meteorical price increase of Bitcoin on the charts.
Elon Musk, with an estimated fortune of $ 395.6 billion, is one of those who currently lead the global power chart.
Analysts believe that for Nakamoto Musk to catch up and claim the first place, Bitcoin should achieve a stunning value of $ 360,000.
Worry about the price increase of Bitcoin
However, a contrasting trend has emerged in the midst of the rising market value of Bitcoin. Especially since the activity on the chains fell to historic lows.
Such a separation between rising prices and falling use underlines a fundamental shift in how Bitcoin is observed and used.
More users migrate to centralized exchanges and turn to more cost -effective block chains for daily transactions. It can be argued that Bitcoin seems to display its original identity as a peer-to-peer cash system.
Instead, it is increasingly seen and treated as a long -term storage of value.
Thanks to this evolution, Bitcoin’s idea as “digital gold” seems less like a metaphor and more as a definitive reality.