Satoshi Nakamoto Nears Buffett’s Wealth as Bitcoin Hits $129B Stash
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- Satoshi’s Bitcoin stash now challenges Warren Buffett’s massive wealth ranking.
- Bitcoin’s price surge pushes creator Nakamoto near billionaire investor Buffett.
- Dormant crypto fortune climbs as BTC hits new record highs.
Satoshi Nakamoto, the elusive creator of Bitcoin, is now on the verge of overtaking Warren Buffett in global wealth rankings. According to Bitcoin historian Pete Rizzo on X, the value of Satoshi’s dormant Bitcoin stash has reached a staggering $129.1 billion.
Currently, Satoshi’s net worth is between tech billionaire Michael Dell, who holds $125.7 billion, and Warren Buffett, whose net worth is $143.3 billion. It is especially surprising that Buffett has been a vocal opponent of Bitcoin, describing it as rat poison squared in 2018 during a shareholders meeting of Berkshire Hathaway.
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According to the information available at Arkham Intelligence, Satoshi is in possession of about 1.096 million Bitcoins, which are distributed in 22 different wallets. These wallets have been lying unopened for more than ten years. In spite of the idling, lovers of Bitcoin have been sending minimal BTC values to the addresses in a sign of paying tribute.
The value of Bitcoin has increased sharply over the past days, creating an increment of almost 8 percent. It rose from 108,920 to 117,570, which took a short time before setting a new all-time high of about 120,000. This trend has increased Satoshi’s worth by billions since his massive stash in 2009.
Bitcoin Market Cap Briefly Surpasses Amazon in Latest Rally
The price spike pushed Bitcoin’s market capitalization to $2.337 trillion, briefly placing it ahead of Amazon, which holds a market cap of $2.338 trillion. Silver is only a step behind, with a market cap of $2.199 trillion.
Bitcoin is gaining ground in the global markets, so Satoshi Nakamoto’s financial importance is becoming increasingly great. His unsold Bitcoin fortune is rapidly catching up with that of Warren Buffett, one of the most influential men in traditional finance.
As Bitcoin’s path still seems to be gaining more momentum, the difference between Satoshi and Buffett keeps shrinking. This trend has market analysts monitoring closely what may become one of the most impressive changes in personal wealth positions in history.
Satoshi Nakamoto’s $129 billion Bitcoin fortune now places him within reach of Warren Buffett’s wealth. As Bitcoin rises, so does the financial influence of its mysterious creator.
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The post Satoshi Nakamoto Nears Buffett’s Wealth as Bitcoin Hits $129B Stash appeared first on 36Crypto.
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