Will Satoshi Nakamoto be the world’s richest person?

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Bitcoin price hitting $182,000 would probably make Satoshi Nakamoto the richest person in the world.

As of March 2021, Amazon creator Jeff Bezos is the richest person on the planet with a net worth of $181.6 billion.

Elon Musk, the CEO of Tesla, is a close second at $163.7 billion, owning more than 20% of the electric car market.

How much BTC does Satoshi Nakamoto have? 

Satoshi Nakamoto released the Bitcoin whitepaper in October 2008 under a public MIT license.

On Jan. 3, 2009, Bitcoin’s first block, known as the “genesis block,” was mined. This was the launch of the Bitcoin network, which kickstarted the crypto and blockchain movement. 

Albeit the exact figures remain unclear, from January to July 2009, Satoshi Nakamoto is said to have mined over 1 million BTC. This means that at current Bitcoin prices, it is estimated that Satoshi Nakamoto is worth roughly $54 billion.

So if the price of Bitcoin hits $182,000, this would put Nakamoto’s net worth at around $182 billion, richer than Bezos.

In 2010, Sergio Demian Lerner, a prominent crypto researcher, published a research paper estimating the BTC holdings of Satoshi Nakamoto to estimate how rich he is. 

By analyzing the early blocks that Satoshi mined, Lerner estimated that he probably owns 1 million BTC. He wrote:

“I estimate at eyesight that Satoshi fortune is around 1M Bitcoins or 100M USD at the current exchange rate. I’m sure there will be plenty of people that will carefully analyze the source data set and come up with the exact figure, which will be very close, but they will scream at me again.”

Can the price of BTC hit $182,000?

While many price models forecast the price of Bitcoin to reach anywhere between $200,000 to $1 million, the most well-known model is the Stock-to-Flow (S2F) model.

The S2F model predicts the price of Bitcoin to hit $100,000 to a “conservative” $288,000 by the end of 2021, using a formula based on the relationship between the value of Bitcoin versus the existing supply (stock) and the amount of newly mined BTC entering the market (flow).

In November 2020, PlanB, the creator of the S2F model, noted:

“People ask if I still believe in my model. To be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before Dec 2021.”

If Bitcoin increases to as high as $288,000 as per the S2F model, Satoshi’s fortune would be worth around $288 billion, which should put the creator far out in front of current billionaires. 

Meanwhile, some other Bitcoin price prediction models have been even higher for the current bull cycle. For example, Bloomberg predicted that BTC could reach as high as $400,000 if it becomes a “risk-off” reserve asset.

However, the identity of Satoshi is still a mystery and it isn’t known whether the person(s) is even alive today. Industry experts have suggested the likes of Hal Finney, Adam Back, and Paul Le Roux as potential candidates, as well as others presuming that it could have been a group of people.

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