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Satoshi About to Surpass Bill Gates

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Mon, 16/12/2024 - 6:57
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Satoshi About to Surpass Bill Gates
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Following Bitcoin's most recent price surge, Satoshi Nakamoto, the mysterious creator of the original cryptocurrency, has become the 16th richest person in the world. 

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The enigmatic Bitcoin founder now has an estimated net worth of $106 billion, surpassing Bloomberg L.P. cofounder Michael Bloomberg. 

Satoshi is also on track to move ahead of Microsoft cofounder Bill Gates.

As reported by U.Today, the price of the leading cryptocurrency hit a new all-time high of $106,533 earlier today on the Bitstamp exchange. Bitcoin has now surged by more than 65% during this quarter, with its market cap surpassing $2 trillion yet again. 

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However, it should be noted that the aforementioned ranking is ambiguous since it is unclear whether Satoshi is one person or a group of people.

Moreover, billionaire Mike Novogratz, for instance, believes that the founder of Bitcoin is no longer alive. 

As reported by U.Today, U.S.-based Bitcoin exchange-traded funds recently surpassed Satoshi as the top holders of the leading cryptocurrency. 

According to blockchain sleuth Chainalysis, Satoshi's Bitcoin holdings stand at 1.124 million BTC. However, this sum might not take into account some additional wallets. 

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The unresolved mystery surrounding Satoshi's identity remains a major wild card, and its reappearance could cause market mayhem. 

Earlier this year, HBO released a much-talked-about documentary that identified Canadian cryptographer Peter Todd as the creator of Bitcoin. However, it was widely panned within the cryptocurrency community after failing to bring anything new to the table. 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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