Satoshi Nakamoto surpasses Bill Gates in wealth with $116.7B net worth – Elon Musk next?

• Satoshi Nakamoto surpasses Bill Gates in wealth, with over $116.7B in Bitcoin holdings.
• Bitcoin at $200K could make Satoshi the world’s second-richest person after Elon Musk.

Satoshi Nakamoto, the mysterious figure behind Bitcoin’s [BTC] creation, is once again making headlines, this time for surpassing tech mogul Bill Gates in net worth.

Satoshi Nakamoto’s net worth

Recent findings from Arkham indicate that a wallet believed to belong to Satoshi Nakamoto contains close to 1.9 million BTC, boosting his estimated net worth to over $116.7 billion.

Bitcoin’s sharp rally past $106,000 played a pivotal role, adding approximately $2.5 billion to Satoshi’s holdings in a single day.

In contrast, Gates’ real-time net worth stood at $116.2 billion, placing the Bitcoin creator just ahead in the global wealth rankings.

If the upward trend continues, Nakamoto could soon eclipse other major billionaires, including Warren Buffett and Meta’s Mark Zuckerberg.

Is Bitcoin’s rise in price the reason behind this?

With Bitcoin maintaining a strong position above $100,000, speculation is mounting over Satoshi Nakamoto’s potential rise in global wealth rankings.

If the cryptocurrency reaches the $200,000 mark, Satoshi’s estimated net worth could surge to a staggering $219 billion, potentially placing him as the world’s second-richest individual.

While Nakamoto’s estimated 1.096 million BTC have never been moved or sold, their current value sits at over $120 billion, making him the 11th richest person globally.

Hence, to surpass Buffett, whose net worth stands at around $157.5 billion, Bitcoin would need to gain enough to add at least $37 billion more to Nakamoto’s portfolio. 

What’s more?

Despite the enduring mystery surrounding Satoshi Nakamoto’s identity, one thing remains clear, and that is his massive Bitcoin holdings are both traceable and influential.

With over 1.1 million BTC in his possession, Satoshi could theoretically surpass nearly every billionaire on the planet if Bitcoin hits the $200,000 milestone, putting his net worth ahead of all but Elon Musk.

However, there are concerns among users that if he sells these Bitcoins, it could trigger a supply shock, potentially causing prices to drop below $70,000.

This coincides with Bitcoin trading around $105,014 with mixed technical signals.

While RSI is bullish above 50, a bearish MACD remains in place, hinting that the road ahead remains uncertain but filled with potential.