Throw away everything you know about finance, money and investment because bonnets have gone around the world. Up is down. is below. Fantasy digital assets are worth a fortune. It seems that each asset class is in full frenzy mode.
Here are some notable incidents from last week:
- A Tom Brady rookie card sold for $ 1.3 million.
- A digital piece of art sold for $ 69 million.
- GameStop doubled from its Monday opening of $ 150, hitting $ 330, before closing the week at $ 266, with a market cap of $ 18.45 billion.
- Patrick Mahomes and Naomi Osaka launched a SPAC.
- And to make it to the top, Bitcoin crossed $ 60,000 for the first time. Honestly, that might be the last one at least Crazy event of the week.
But even though Bitcoin hitting $ 60,000 is not insane like these other events, the ripple effects of the crypto currency price levels are nothing short of insane. Case and point?
The current price of bitcoin is $ 61,000 (I am writing on Saturday afternoon, March 13), Satoshi Nakamoto, the currency’s secret creator, is now one of the 20 richest people in the world.
I am not going to go into a ton of detail about Satoshi Nakamoto or the history of bitcoin. If you are interested in a detailed backstory, please read the following articles from the previous month:
If bitcoin creator Satoshi Nakamoto is alive, he is sitting on one of the biggest personal fortunes on the planet
Here’s what you need to know:
It is generally agreed that a person named Satoshi Nakamoto registered a domain named Bitcoin.org in August 2007. Two months later it published a title titled.Bitcoin: a peer-to-peer electronic cash system“And submitted it to a cryptography mailing list.
Nakamoto implemented bitcoin software on 3 January 2009. On that date, he said what is now called “the genesis clause of bitcoin”.
His reward? 50 bitcoins.
Those 50 coins from the Genesis block are now valued at $ 3 million.
This is somewhat technical, but in order for the TLDR, blockchain to work, Satoshi had to mine 50 coins every 10 minutes. He did this until he eventually collected a personal stock of 1 million coins.
1 million bitcoins
4.8% of bitcoin is in circulation.
Those 1 million coins have remained untouched in his public wallet for over a decade. They have not been accessed or spent since January 2009.
At $ 61,000 BTC, currently Satoshi Nakamoto’s wallet is:
$ 61 billion
A month ago when BTC was trading at $ 48,000, Satoshi was one of the 30 richest people in the world.
By our count of the richest people in the world, Satoshi Nakamoto ranks at # 19. And that includes Vladimir Putin at # 14 with $ 70 billion, unconfirmed.
Not only has Satoshi’s rank risen due to the growth of Bitcoin, but he was also able to jump three Walton family members (Rob, Alice and Jim), after Walmart’s stock plunged 9% in the previous month. Today all three waltons are worth $ 60 billion per piece.
What happened to Satoshi?
nobody knows. Two years after launching bitcoin, Nakamoto disappeared from the internet. On April 23, 2011, Nakamoto sent an email to bitcoin developer Mike Hearn, stating: “I’ve moved on to other things.”
No one has heard a peek since Satoshi. And his 1 million coins – $ 61 billion – are just sitting there untouched in a digital wallet.
He must have died, right? Who can sit for $ 61 billion without cash in at least $ 1 billion ?? !!
Do you think Satoshi Nakamoto is alive? Do you think he is on his way to being the richest person in the world?