Satoshi Nakamoto may soon become the richest person in the world

Noah Ruderman
Dec 3, 2017 · 1 min read

As of November, 2017, Jeff Bezos is the richest person in the world with an estimated net worth of $90 billion.

Satoshi Nakamoto, the anonymous creator of Bitcoin, is estimated to own about 1 million bitcoins, which is about 5% of the total supply that will ever be created.

Right now Bitcoin’s price is at an all-time high of $11676.42 USD. With 1 million Bitcoins, Satoshi Nakamoto’s net worth is about $11.6 billion USD. The price of Bitcoin has been rising exponentially, with more than a 1000% increase in valuation within the last year. If Bitcoin increases in price by another factor of 8x from today’s prices at any point in the future, Satoshi Nakamoto stands to become the world’s richest person with each Bitcoin being worth $90k.

Amazingly, Bitcoin is still an emerging technology. Institutional money has not been injected into the Bitcoin ecosystem. Bitcoin futures are a new development. Bitcoin’s user base is estimated to be in the single digit millions, and the technology is intended to be rolled out to the scale of hundreds of millions, or billions at maturity. Bitcoin could realistically rise 10x in value before maturity if it remains successful.

Noah Ruderman

Written by