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With Bitcoin At $60k, Satoshi Nakamoto Is Now One Of The 20 Richest People On The Planet

The price of bitcoin has just surpassed $60,000 for the first time. As of this writing, BTC is trading for $61,000. That makes Satoshi Nakamoto, the anonymous person who invented bitcoin, one of the top 20 richest persons on earth.

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Because the world has gone completely insane, throw away all you know about money, wealth, and investing. Up is down. Up is down. The value of hypothetical digital assets is enormous. Every asset class appears to be operating in full frenzy mode.

    But even if Bitcoin hitting $60,000 is not as insane as these other occurrences, the ripple effects of the crypto currency’s price levels are nothing short of insane. Example and point

    Satoshi Nakamoto, the anonymous person who created Bitcoin, is currently one of the 20 richest individuals in the world with the digital currency’s current price of $61,000 (as of the time of this writing, Saturday afternoon, March 13).

    (Photo by JACK GUEZ/AFP via Getty Images)

    (Photo by JACK GUEZ/AFP via Getty Images )

    All you need to know is this:

    The bitcoin program was launched by Nakamoto on January 3, 2009. On that date, he mined what is now called the “Genesis block of bitcoin”.

    The value of the 50 Genesis block coins has increased to $3 million.

    This is somewhat technical but, TLDR, in order for the blockchain to work Satoshi had to mine 50 coins every 10 minutes. He continued doing this until he had amassed a personal collection of one million coins.

    1 million Bitcoin

    That equates to 4.8% of all Bitcoin in existence.

    $61 billion

    Satoshi was one of the top 30 richest individuals in the world one month ago, when BTC was valued at $48,000.

    Not only has Satoshi’s rank increased thanks to Bitcoin’s rise, but he also was able to jump three Walton family members (Rob, Alice and Jim) after Walmart stock dropped around 9%, in the last month. The three Waltons are currently each worth $60 billion.

    What became of Satoshi?

    Nobody is aware. Bitcoin’s creator, Nakamoto, vanished from the internet two years after it first emerged. Nakamoto wrote to bitcoin developer Mike Hearn on April 23, 2011, stating, “I’ve moved on to other things.”

    Since then, Satoshi has been completely silent. And his 1 million coins – $61 billion – are just sitting there untouched in a digital wallet.