If Bitcoin Reaches This Level, Satoshi Nakamoto Will Be The Richest Person In The World!

Bitcoin's creator Satoshi Nakamoto is estimated to be the richest person in the world if the price of Bitcoin (BTC) reaches about $ 182,000.

As of March 2021, Amazon founder Jeff Bezos is the richest person in the world with a fortune of $ 181.6 billion. Elon Musk, Tesla's chief executive, comes in second with his $ 163.7 billion fortune.

How much BTC does Bitcoin creator Satoshi Nakamoto have?

Bitcoin's creator Satoshi Nakamoto released his Bitcoin whitepaper under a publicly traded MIT license in October 2008. On January 3, 2009, the first block of bitcoin, known as the “genesis block”, was issued. This marked the launch of the Bitcoin network, which launched the cryptocurrency and blockchain movement.

January to July 2009, Satoshi Nakamoto is estimated to have mined over 1 million BTC of BTC, although the figures are unclear, according to Joseph Young in CoinTelegraph. This means that with current Bitcoin prices, Satoshi Nakamoto has BTC worth roughly $ 54 billion.

In other words, if the price of Bitcoin reaches $ 182,000, that would bring Nakamoto's fortune to about $ 182 billion, according to the author. That proves he would be richer than Bezos, whose current net worth is $ 181.6 billion.

In 2010, Sergio Demian Lerner, a leading cryptocurrency researcher, published a research paper estimating Satoshi Nakamoto's BTC assets. Analyzing the first blocks Satoshi released, Lerner estimated that 1 million BTC probably belonged to Satoshi:

"AS FAR AS I CAN SEE, I ESTIMATE THAT SATOSHI'S WEALTH IS 1 MILLION BITCOINS OR $ 100 MILLION BASED ON THE CURRENT EXCHANGE RATE. I'M SURE THERE WILL BE MANY PEOPLE WHO WILL CAREFULLY ANALYZE THE SOURCE DATASET AND FIND THE EXACT FIGURE.”

Lerner's analysis of the blocks Satoshi removed. Source: Sergio Lerner

Can bitcoin's price reach $ 182,000?

While there are many price models that predict the price of bitcoin will reach anywhere from $ 200,000 to $ 1 million, the most well-known is the stock-flow (s2f) model.

The s2f model predicts that the price of Bitcoin will rise to $ 100,000- $ 288,000 by the end of 2021, using a formula based on the relationship between the value of Bitcoin and the current supply (stock).

PlanB, the creator of the s2f model, said in November 2020::

"PEOPLE ASK ME IF I STILL BELIEVE IN MY MODEL. TO BE CLEAR, I HAVE NO DOUBT THAT S2FX IS CORRECT AND THAT BITCOIN WILL TOUCH $ 100,000- $ 288,000 BEFORE DECEMBER 2021.”

If Bitcoin rises to $ 288,000 under the s2f model, Satoshi's fortune will also be worth about $ 288 billion. That leaves him, Bezos and Musk seriously in the mix.

At this time, there were also those who gave much higher estimates of the BTC price for the current bull cycle. For example Kriptokoin.com as we reported, Bloomberg noted that BTC could reach up to $ 400,000.

However, Satoshi's identity remains a mystery. It is not even known that this person/persons are still alive. Industry experts cite the likes of Hal Finney and Adam Back as potential candidates.