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Satoshi Nakamoto, the pseudonymous founder of Bitcoin, overtook Michael Bloomberg to become the world’s 16th-richest person as Bitcoin surged past $106k to a new all-time high earlier today, and coming close to Microsoft founder Bill Gates
The pump in the Bitcoin price to a new ATH took the value of Satoshi’s BTC hoard past $106 billion, according to a post on X by DeFi Planet.
BREAKING: AT $106k, $BTC CREATOR SATOSHI NAKAMOTO IS THE WORLD'S 16th RICHEST PERSON
HE JUST PASSED MICHAEL BLOOMBERG 🔥 pic.twitter.com/RIwNob71zs
— DeFi Planet (@PlanetDefi) December 16, 2024
While Bitcoin pared gains after hitting its new record high of $106,488.25 and traded at $104,282.77 at 9.29 a.m. EST, the earlier ATH also took Satoshi to within a whisker of the $107 billion fortune held by Bill Gates.
Speculation About Satoshi’s Identity Continues
Speculation about the identity of Satoshi Nakamoto continues, with an HBO documentary earlier in the year concluding that he might be Peter Todd. Experts warn that if Nakamoto’s identity is ever confirmed, it could trigger significant market volatility given the amount of BTC at stake.
Nakamoto’s fortune is still in digital wallets that are unusable without private keys to access them.
While the founder’s identity is still unknown, one thing is certain: Bitcoin is here to stay. Its market capitalization has surged past the $2 trillion mark, and it’s soared 75% in the last quarter alone. US-based spot Bitcoin ETFs have emerged as the largest holders of BTC, surpassing Nakamoto himself.
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