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Satoshi Nakamoto: The Accidental Billionaire

Tarulika Jain by Tarulika Jain - 08:20 PM Feb 19, 2020
Satoshi Nakamoto: The Accidental Billionaire

Satoshi Nakamoto who is considered as the father of Bitcoin may have the net worth of around $10 billion with 1 million BTC as per the latest reports of Oxfam.

Cloaked Mystery Behind Satoshi Nakamoto

The identity of Satoshi Nakamoto is still a mystery to be solved. The identity of real Satoshi has become a folk fare where there are several suspects who can be the real creator of Bitcoin, but still, there is no certainty. Many renowned crypto personalities claim that they know who the real creator of Bitcoin is, yet none of them has gone ahead to reveal the identity.

The latest Oxfam report stated that billionaires all across the globe have more wealth than around 4.6 billion people. As per the list of world's billionaires made by Oxfam, Satoshi is being suspected of owning about $10 billion. The founder approximately owns 1 million BTC as per the report.

Crypto fanatics have many suspects whom they believe is the person behind the mysterious face. Some doubted that Hal Finney, who received the first-ever bitcoin could be the founder of bitcoin. On the other hand, some of the people thought that Nick Szabo who launched an e-currency known as "Bitcoin gold" before the bitcoin can be the initiator.

Billionaires Of The Crypto World

The identity of Satoshi is in the veil, but his vision is well known.  The cryptocurrencies were specifically devised to make fair economic systems, not with the vision to earn.  In the crypto space, Satoshi Nakamoto is not only one person who earned billions with cryptocurrencies. Telegraph reports that Chris Larsen, co-founder of Ripple mainnet, has about $8 billion. Also, Changpeng Zhao, co-founder of leading cryptocurrency exchange Binance, has the estimated net worth of around $ 1.4 billion.

The world of cryptocurrencies sounded fictitious at the time of its launch, but as the economic discrepancies enhanced, it gained the popularity among the major nations. Neither the billion value nor the billionaires were expected in the crypto space. Still, the penetration of technology and the world income inequality left no stone unturned for the adoption of digital assets.

About The Author
Tarulika Jain

Tarulika JainAn engineering graduate, focussing on latest trends of cryptocurrency. As an economic enthusiast, she likes to read about the changing economies of world.

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