The 15th Richest Person in the World 🌎
The story of Bitcoin creator Satoshi Nakamoto
When Bitcoin came out in 2009, Satoshi Nakamoto was not a billionaire. 💸
They were an unknown cryptographer trying to invent a cryptocurrency that worked.
But it turns out their invention worked and now 14+ years later their fortune is worth over $20 BILLION.
Here's the story:
The Beginning
On Saturday, January 3, 2009, Bitcoin was born.
A pseudonymous cryptographer named Satoshi Nakamoto released the Genesis Block.
The Genesis Block started the Bitcoin blockchain which ignited the cryptocurrency era.
The Early Days
For the first few years of existence, Bitcoin began gaining popularity in the online cryptographer community.
New additions were added to the original Bitcoin core code by the first Bitcoin developers to improve upon Satoshi's foundation.
Then in December 2010, Satoshi left his final message to the small community and left forever.
Nobody has heard from Satoshi Nakamoto since.
Satoshi’s Bitcoin
Even though Satoshi vanished, his personal Bitcoin holdings are estimated to be 1+ MILLION Bitcoin.
Bitcoin was worth nothing in the early days but began accumulating value as time went on. At a price of $20k per Bitcoin that is worth over $20 BILLION.
This article from 2013 analyzes the Bitcoin blockchain for all of Satoshi's original addresses showing that they probably have over 1M+ Bitcoin.
Final Thoughts
You can verify Satoshi still holds most of those original 1M+ Bitcoin yourself.
As an example, you can lookup the address Satoshi used to mine the first bitcoin during the Genesis Block on a Bitcoin blockchain explorer.
Look up the Genesis Block address here.
Satoshi Nakamoto briefly became the 15th richest person in the world worth $69 Billion USD back in 2021 when the Bitcoin price hit an all time high of ~$69,000 per Bitcoin.
I hope this article was informative. Please share it with a friend! 🙏
Happy Sunday,
-Pod
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Eric Podwojski
Founder, Bitcoin EDU
Twitter: @epodrulz
