Net Worth Of Satoshi Nakamoto

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Net Worth Of Satoshi Nakamoto

Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database.

He allegedly was born Beppu, Japan in July 1949 into a very poor family. His father was a Buddhist priest. His parents divorced, and Satoshi moved to California in 1959 with his mother. After graduating from college, Satoshi worked for a variety of defense department companies as a technology contractor. He has been married twice and has six children.

Bitcoin Creation

It is believed that Satoshi's drive to create a digital currency was spawned after he was laid off from two jobs in the late 90s and lost his home to foreclosure. He began working on the original source code for Bitcoin sometime in the early to mid 2000s. Bitcoin was officially launched as an open source software digital currency in 2009. For the next two years, the price of a single Bitcoin never rose above 30 cents, but by the end of 2011 it had topped $32 then dropped back down to $2.

Between 2012 and 2013, as more and more people around the world began to praise Bitcoin as the world's foremost crypto-currency, the price peaked at $266 in April of 2013 and then came back down to $50.

In January 2021 the price of a single Bitcoin topped $40,000. At that level, the total value of all the Bitcoins in circulation was estimated to be over $1 trillion.

Newsweek claims that Satoshi has has so far been unable to sell any of his coins due to fear of having his true identity revealed. On March 6, 2014, a reporter from Newsweek tracked down someone they believed to be Satoshi in Temple City, California, just east of Los Angeles. This Satoshi apparently lives in a modest home and drives a modest Toyota Corolla CE, despite allegedly being worth over billions. It is unclear yet whether or not he will now feel more free to cash in his fortune.

Bitcoin Wallet

It is believed that Satoshi Nakamoto controls 1 million Bitcoins which. His fortune first broke $1 billion in December 2013 when Bitcoin topped $1,000 for the first time.

When Bitcoin first hit $40,000 in January 2021, his net worth was $40 billion.

When Bitcoin hit $48,000 in February 2021, his net worth was $48 billion.

Net Worth

Satoshi Nakamoto is a Japanese-American computer software developer and alleged Bitcoin entrepreneur who has a net worth of $48 billion. According to a Newsweek magazine expose, Satoshi Nakamoto is the illusive creator of the digital currency Bitcoin.