The man who owns $63 billion in bitcoin.
What is bitcoin?
Bitcoin is the biggest cryptocurrency in the world. A lot of wealth has been created from Bitcoin and other cryptocurrencies.
Investors and traders have made billions of dollars from cryptocurrencies. But the question still remains unanswered. Who is the richest man in the world of Crypto?
The Possible Answer:
According to a report published in Decrypt, a well-respected crypto commentary website, and a research report published by renowned crypto researcher Sergio Demian Lerner, the creator of bitcoin, Satoshi Nakamoto may be the richest person in the world of crypto.
Who is Satoshi Nakamoto?
Satoshi Nakamoto was the pseudonym used by a developer (or a group of developers) who created bitcoin and published the white paper that leads to the crypto revolution.
How many bitcoins does Satoshi own?
From the genesis block (The first block in the bitcoin blockchain), a single entity has mined around 22,000 blocks regularly till block 36,288.
A pattern emerged in this phase of mining, this pattern is called the 'Patoshi Pattern.' The report argues that these blocks were mined by Satoshi using a single mining rig in the initial days of bitcoin.
As the miners are rewarded with bitcoins, Satoshi has earned around 11 lakhs of bitcoins.
How much those coins worth?
Based on the current price of Bitcoin ( this month May ) these 11 lakh bitcoins worth around $63.3 billion ( 54.62 Lakh crore).
The report also claims that Satoshi has not moved or spent any of the rewards he has received. With a net worth of $63.3 billion, Satoshi Nakamoto may be the 16th richest person on the planet.
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