Satoshi Nakamoto changed history with the invention of the Bitcoin blockchain. In less than 10 years, Nakamoto’s invention has grown to more than 4,000,000 percent, making it one of the best investment options in all of human life. But in 2021, how much will Satoshi Nakamoto benefit from this amazing growth? Take a look at Article Recently on the NewTraderU website, we try to estimate Satoshi Nakamoto’s current net worth.
All Satoshi bitcoins
Currently, in 2021, Satoshi Nakamoto’s net worth is estimated at $ 40 billion. This estimate is based on the early Bitcoin wallets, which are thought to belong to Satoshi. These wallets still hold 980,000 bitcoins. The value of these bitcoins is estimated at a peak price of $ 41,000 in January 2021. Of course, he has also made millions of dollars from bitcoin forks, which we will mention below.
Satoshi reportedly began writing bitcoin code in 2007. On August 18, 2008, Satoshi or one of his colleagues registered the domain name bitcoin.org and created a website with this address. On October 31, 2008, Satoshi sent information to top cryptographers using information from metzdowd.com, in which he introduced a new digital currency called “Bitcoin: A Peer-to-Peer Electronic Money System” (Bitcoin: A Peer-to-Peer Electronic Cash System).
Developer [یا توسعهدهندگان] The system was nicknamed Satoshi Nakamoto, and Bitcoin White Paper was written under that name. Satoshi Nakamoto was also the username that created and registered the original Bitcoin code reference. In fact, Fred [یا افرادی] Nakamoto was the creator of China’s first blockchain database.
Satoshi Nakamoto was the first to come up with a solution to the “double-spending” problem; Double spending was the main problem with digital money before bitcoin. He devised a way to use peer-to-peer networks using China’s blockchain technology. Bitcoin miners, who are responsible for block mining and processing transactions, receive new units of bitcoin as a reward for their work. Block rewards decrease over time during an event called halving.
The Nakamoto account continued to develop and extract bitcoins until December 2010, when it ceased operations. No one knows the true identity of the original Satoshi Nakamoto; In the meantime, some people have claimed to be Satoshi, and on the contrary, some people of the same name have denied that Satoshi is the real Nakamoto.
The Bitcoin wallets, which are said to belong to Nakamoto, have remained intact since January 2009. When the price of Bitcoin was at its new high of $ 41,000, the wallets had a value of more than $ 40 billion. If these wallets really belong to Satoshi Nakamoto, he will be the third richest person in the world in 2021, counting only his bitcoin assets.
However, some believe that the reason for the relocation of 980,000 bitcoins during these years is their loss due to the failure of a hard drive. The image below shows information about the Genesis Block (the first bitcoin block) mined by Satoshi Nakamoto.
Bitcoin forks; Money on money
Yes! Nakamoto has other currencies besides bitcoin. This has happened because of the countless forks in the Bitcoin network.
When hard forks are created in the bitcoin network due to differences and this fork leads to the production of new coins, everyone who has bitcoins in their wallets will receive the same amount of new coins.
So far, many forks have been created in the Bitcoin network, and as a result, new coins have been produced. Many of these projects failed in the first place and were not listed in any exchanges. Some, which were listed in a number of exchanges, are now priceless and have lost their value. But some of these projects have been successful and are now reasonably priced. About 4.2% of all these coins belong to Satoshi Nakamoto. (4.2% is the ratio of Nakamoto bitcoins to total available bitcoins.)
The table below shows the most successful bitcoin forks and the amount of Satoshi wealth in these forks.
|Coin’s name||Price (USD)||Market value (dollars)||Nakamoto Wealth (Dollars)|
As you can see, Nakamoto’s fortune in the 4 big bitcoin forks is estimated at more than $ 600 million. This number, although very impressive, is only equivalent to 1.5 percent of his wealth in Bitcoin.