Last updated on October 12th, 2017 at 01:49 pm
With the rise of Bitcoin as the most prominent online currency for anonymous users, there remains the mystery of Satoshi Nakamoto. The first person to “mine” Bitcoin as an investment on a large scale, the continued growth of the currency has led to an enormous cache of wealth. He’s suspected as owning perhaps one million Bitcoins, which, at $700 per coin (current market value), would put Satoshi Nakamoto net worth at $700 millions! Quite a haul for purchasing some online coins and he’s certainly one of the wealthiest people on earth to remain completely anonymous.
What Is Bitcoin Founder, Satoshi Nakamoto Net Worth?
Even more striking, when considering Satoshi Nakamoto net worth in Bitcoin, is the share of total bitcoins in the world that he now controls, which is around 7%. This would give him enormous power and influence in the Bitcoin world, allowing him to personally move the value and market for Bitcoins if he ever chose to act with his haul of Bitcoin. With no real clue as to who he is or what he is seeking to do with his Bitcoin treasure, and the influence that he could exert over the entire Bitcoin market, it’s a mystery that will keep Bitcoin users engaged for a long time.
The spectacular buildup of Satoshi Nakamoto net worth is in many ways a unique story. Currency trading is nothing new, but it’s usually a matter of trading foreign currency against different and changing valuations. Accumulating money in the way of Satoshi Nakomoto net worth is more akin to holding onto a stock share for a long time. Now that Nakomoto is the largest shareholder he’s like the CEO, or Bitcoin creator, able to exert real influence over the entire market, only this is a currency market. Undoubtedly, though, his enormous and growing wealth will make him an ongoing interest to businessmen and Bitcoin users alike.
Latest posts by Jonas Chokun (see all)
- Bitcoin Investment 2016: Is It Worth It? - July 14, 2016
- Bitcoin Founder, Satoshi Nakamoto Net Worth Reaches $700 Millions! - June 29, 2016
- Caricoin Brings Bitcoin To The Caribbean - June 29, 2016