Satoshi Nakamoto’s net worth drops $41 billion as bitcoin price falls
Satoshi Nakamoto’s net worth has fallen by $41 billion in just one month after bitcoin’s sharp price drop.
Bitcoin has lost more than 30% from its all-time high above $126,000 reached in early October. At the time of writing, it is trading at $87,000. As a result, the estimated value of the creator’s holdings has fallen from $137 billion to $95.8 billion.
The decline pushes Satoshi out of the ranks of the world’s richest people. Earlier estimates placed his wealth above Bill Gates’, assuming Satoshi is a single individual. His estimated net worth is now below Gates’ $104.4 billion.
The estimate is based on early mining patterns known as the Patoshi pattern, which link a series of wallets to bitcoin’s creator. According to Arkham Intelligence, Satoshi holds roughly 1.1 million BTC. This figure does not account for possible off-chain assets or other forms of ownership but remains the most widely accepted assessment.
The exact size of Satoshi’s fortune may vary, but even the current $95.8 billion is significant. Notably, Satoshi has remained entirely inactive since bitcoin’s creation and has never moved coins from these early addresses.
The rise of quantum technologies, however, could create security risks for bitcoin and potentially expose Satoshi’s identity. In such a case, he might intervene to help the bitcoin community address the threat.
In HBO’s documentary “Money Electric: The Bitcoin Mystery,” the director claims that bitcoin developer Peter Todd is the person behind the Satoshi identity. Todd denies this, repeating his position in multiple posts and interviews, including a recent conversation with GN Crypto journalists.
Despite the broad acceptance of Satoshi’s estimated holdings, Forbes does not include him in its list of billionaires.
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