• Satoshi Nakamoto has an estimated net worth of $10 billion
  • He or she allegedly owns 1 million BTC
  • The true identity behind the name remains elusive 

Satoshi Nakamoto’s net worth is around $10 billion. However, the real person behind the name is still cloaked in mystery.

Nakamoto is widely considered as the father of bitcoin. Up to now, the identity or even gender of the person behind Satoshi Nakamoto remains unknown. Although there are several suspects as to who he or she is, everything remains speculation at this point. It could even be a group of people behind the name.

Bitcoin was created as a leverage against the super wealthy. The division between the world’s richest and poorest continues to widen as time goes by. As reported by Oxfam, Satoshi and the other billionaires control almost half of the world’s riches. This has far-reaching consequences politically and economically.

The bitcoin founder allegedly owns 1 million BTC, which is equivalent to around $10 billion. As the value of bitcoin fluctuates, the net worth could be more than or lower than $10 billion at times.

People have begun suspecting who the person is behind the mystery. Some have tagged Hal Finney as the real Satoshi Nakamoto. Finney has transacted with Satoshi and even received the first ever bitcoin transaction. However, Finney died in 2014.

On the other hand, others thought Nick Szabo fits the bill. Per Coindiligent, Szabo was credited for launching an e-currency called ‘Bit Gold’ before bitcoin was created. It never really took off and netizens picture him re-launching the e-currency as ‘Bitcoin’.

Investopedia believes otherwise after tagging Dorian Nakamoto as Satoshi Nakamoto. The link between the two is logical as both of them share the same name: Nakamoto. Dorian Nakamoto also has a background in engineering. However, he has vehemently denied the accusations. Many people bought this story and even set-up a fund which reached 67 bitcoins. Dorian Nakamoto made $273,000 in 2018 from this bitcoin fund.

Satoshi Nakamoto is not the only one who struck gold with cryptocurrencies. Telegraph reports that Chris Larsen made about $8 billion investing in cryptocurrencies for banks. He is credited for founding Ripple which utilizes blockchain technology. Changpeng Zhao or CZ also cashed in on the crypto hype train after founding Binance, also known as the world’s largest cryptocurrency exchange. The estimated net worth of CZ is around $1.4 billion.

US authorities arrested three men in an alleged fraud that raised $722 million from investors lured by fake bitcoin mining earnings
Blockchain technology, invented to power cryptocurrencies like bitcoin, has more impactful use in other segments including bankings, experts say. GETTY IMAGES NORTH AMERICA / GEORGE FREY