Skip to main content

Bitcoin mysterious creator set to become the world's first trillionaire

Bitcoin is probably one of the defining financial phenomenon of a post-crash world, but there is still uncertainty over who created it and their worth. We know a name Satoshi Nakamoto. Beyond that, we really know nothing, although Australian entrepreneur
Craig Wright claimed in 2016 it is he.


Satoshi could be alive, he could be dead. He could be a she, he could be a number of people. Nobody knows for certain. But if the simplest explanation is in fact true, then Satoshi Nakamoto – whoever they truly are – is currently the 52nd richest person in the world if measured against Forbes‘ list of billionaires.

Not only that, but some say he could well be on his way to topping that list as the world’s first trillionaire, according to Mashable .

This is the breakdown of just how that’s possible. Nakamoto is thought to be holding around 1 million Bitcoins, and at the current prices that gives him a healthy $17 billion for his trouble of starting the currency. Some people say he has fewer Bitcoins, but most people agree on the sum of around 1 million.

So we already know he’s ludicrously wealthy, but many are stating that the recent surge in the price of the cryptocurrency is just the beginning. Now, Satoshi has been off-the-grid since April 2011, and his Bitcoin stash has never actually moved, so we don’t even know where he’s up to.

So why would someone like him sit on a fortune of $17 billion and not spend a single penny of it? Well, that’s because if he did, he’d likely have his house raided like Craig Wright did in 2016, and would be arrested.

In order for Nakamoto to become the richest man in the world, the price of Bitcoin has to hit $88,000 – which sounds ludicrous. But this time last year, saying that Nakamoto would be anywhere near even the 100 richest people in the world would have been ludicrous.

While for Satoshi to be considered the world’s first trillionaire, the price of Bitcoin would have to hit $1 million per coin, which isn’t out of the question. The figure has been touted by angel investor James Altucher, and one of the Winklevoss twins recently called Bitcoin a ‘multitrillion-dollar asset’.


Back in 2011, one coin was worth one dollar, and a mere $200 two years ago. This kind of growth is absolutely unheard of, even for the digital behemoths like Google, Apple and Facebook. But as Mashable point out, who else really has the chance of becoming the first trillionaire?

Of course, this growth in price isn’t going to last forever, but at this moment in time, Its pretty much impossible to say which way the currency is going to go., At this point, one of the most interesting things which could happen is if Satoshi moves some of his fortune,  It could cause a serious wobble of the currency.

So it’s kind of a Catch 22, Satoshi has an unimaginable fortune, but if he spends a single part of it, the value of his fortune could well crash.
In the meantime, all anyone can do is look at the price of Bitcoin rise and wonder just who in the heck Satoshi Nakamoto is.



Authur: George Mckay
Source:unilad.co.uk
Labels:

Comments

Post a Comment

Popular posts from this blog

Here are the list of 10 Richest Black Billionaires Worldwide

Nigeria has the highest number of Africans who have achieved entrepreneurial success on the list.  The world black richest man comes from Nigeria and he’s worth almost half the total sum of the others on the list combined. Money! There is just something about it, it comes with a hidden force that sometimes makes you seee the possibility in almost anything. The beauty about this list is that we have individuals who have made it from different stages in life, we have those who literally made it from previously having nothing and we also have those who were born into wealth. On the list includes black individuals from all over the world, with Nigerians and Americans currently topping the list with 3 individuals from each country. 10. Mohammed Ibrahim – $1.1 billion Mohammed Ibrahim is a Sudanese-British who made his money from telecommunications. He was the man behind Celtel before he sold it for $3.4 billion in 2005. He further went on to create the Mo Ibrahim Fou...
Post a Comment
Read more

(Wedding Jingle) Oma weds Vc

Chioma Jennifer Osunwa and Chukwuemeka Virginus Akukwe invites families, friends and the entire public as they move together to the altar to say "I DO I DO" today, 5th January, 2018 @  St Joseph  Chaplaincy,  Imo State University Owerri  by 10 a.m in the morning.          Oma "WEDS" Vc All invited guest are expected to come for the reception after church service at Cubana Event Center Hall 2 beside Orange Room World Bank Road Owerri.  Toast Today we will look  with joy down the path of tomorrow knowing we will work it together side by side, hand in hand and heart by heart. May God bless and grant you journey mercies as you attend this great union. On behalf of the entire staff of Edwin Goldmine Foods Ltd, Family, Friends and well wishers, we say Congratulations to the latest couple in town. Wishing you both a prosperous and fruitful marriage. You can view more of their pre_wedding pictures below     ...
Post a Comment
Read more

1 dozen of exotic oil perfume available on jumia

1 dozen of exotic oil perfume is available on our Jumia platform at affordable price. These packaged quality perfumes have different fragrance and they are filled in 3 ml bottles as it is on the picture below. Features Provides long lasting freshness of 72 hours when applied on your garment and can be put into use on the palm before its being tangentially applied. Does not irritate the skin and can be used by all skin types Mixture of different fragrance can hardly be guessed right Unique and affordable to purchase  contains 3 ml per bottle A total of 12 oil perfume bottles with pouch as shown in the picture https://www.jumia.com.ng/fashion-1-dozen-of-exotic-oil-perfume-3-ml-each-65195299.html (click on the link to purchase on our platform) Jumia is one of the most reliable and largest e-commerce platform in Africa that satisfies clients with flexible cash on delivery and prepaid mode of payment. You can  make purchase of this exotic dozen of oil perfume with any suitable mode...
1 comment
Read more