Bitcoin First Billionaire

4.5 years ago – Nakamoto – Bitcoin First Billionaire

Satoshi appeared seemingly out of nowhere in 2008 when he released a research paper on the Cryptography Mailing List, which led to the foundation of the Bitcoin currency and later crowned him as Bitcoin First Billionaire.

There have been lots of speculations on Satoshi Nakamoto, Bitcoin’s enigmatic creator. It turned out that Nakamoto is neither the Dread Pirate Roberts, the founder of the Silk Road, nor the US government, an NSA researcher like Tatsuaki Okamoto. Without any reliable evidence, however, we may never know. But the fact is that Satoshi just became the first Bitcoin billionaire.

In January 2009, Satoshi started mining the first crop of bitcoin, creating what is known as the “genesis block.” By the end of the year over 32,000 blocks had been added to this original block, producing a total of 1,624,250 bitcoins. Since all transactions on the blockchain are public, it is known that only a quarter of those bitcoins have ever changed their master, which means Satoshi Nakamoto is believed to be the owner of roughly one million bitcoins. With Bitcoin surging past $1000, that stash is worth about $1.1 billion.

Since Nakamoto entered the billionaire list, he was going for a nice run as richest man in the world in December 2017 with astonishing bitcoin pride of 20,000$ Nakamoto was holding the small sum of 25 Billion $, but the price dropped and Nakamoto was never at the top of the richest people list.

Today Nakomoto holds around 6.6 billion $, which puts him *only* the 250th richest man in the world.

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