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Satoshi Nakamoto

Satoshi Nakamoto is one of the richest people in the world thanks to the price increase of the digital asset. As it is known, Bitcoin recently rose to $ 67,276. However, the coin then experienced a decline and returned to its current value of around $61,000.

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Based on the current exchange rate and the estimated number of cryptocurrencies Satoshi holds, he is among the 20 richest people in the world. The BTCs held by Satoshi Nakamoto place him among the 20 richest people.

According to the Whale Alert report, the creator of the “digital gold” is estimated to have around 1 million BTC, but according to some, Nakamoto has 750,000 BTC in his stash. However, the general consensus is that Satoshi Nakamoto owns 1 million BTC.

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At the current price, Nakamoto’s net worth is about $60 to $61 billion. That means it will place him in the top 20 of the Forbes billionaires list. This means that although his fortune is much lower than Walmart’s Rob Walton, he will be above Chinese Zhang Yiming.

Satoshi Nakamoto is still a long way from Elon Musk, the richest person in the world with approximately $214.8 billion. The value of BTC needs to rise to at least $215,000 before the innovator overthrows the Tesla founder. However, Nakamoto could become one of the 10 richest people in the world if the value of the digital asset reaches up to $100,000.

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The identity of the Bitcoin inventor remained a mystery as many people assumed he might have passed away, as this may be the only explanation as to why a penny from the stash has not been spent since it was created. Real Vision CEO Raoul Pal thinks that Bitcoin could triple from its current level, while Ethereum (ETH) could almost quadruple.

Pal believes that the probability of Bitcoin reaching $200,000 and Ethereum reaching $20,000 is more than 70%. “This is a possibility, not a certainty. The probability that Bitcoin is $200,000 and Ethereum is $20,000 is 70%. No one can predict exactly what will perform better and how it will turn out.”

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Pal also thinks there is a “good chance” for the current Bitcoin cycle to continue longer than before. “I think there is a good chance this Bitcoin cycle will be longer over time and higher in price” Pal believes that if the 2017 bull rally repeats, Ethereum could hit $40,000 by the end of the first or second quarter of 2022.

When asked if Ethereum would drop by 90%, similar to what happened in 2018 after the bull rally, Pal replied that he didn’t think such a thing would happen. According to data from Bloomberg, the ETF opened at $25 and closed the day at $24.16. In summary, the volume of the day reached $78 million after approximately 3.1 million shares changed hands.

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The volume and value traded for $BTF and $BITO show “strong and consistent demand,” said Anthony Rayar, a Bloomberg ETF analyst. Eric Balchunas, another Bloomberg ETF analyst, said that $BTF is very important, although it lags significantly behind ProShares’ $BITO.

ProShares listed its first Bitcoin ETF on the New York Stock Exchange earlier this week, with volume approaching $1 billion at the end of the day. ProShares wins its first ETF listing race. Valkyrie finished second. Next week, VanEck’s ETF is also expected to be listed. Peter Thiel, co-founder of PayPal and Palantir, said at a conference in Miami that he may have met Satoshi Nakamoto, known as the inventor of Bitcoin, on a beach on a Caribbean island in February 2000.

Peter Thiel, co-founder of PayPal and Palantir, said at a conference in Miami that he may have met Satoshi Nakamoto, known as the inventor of Bitcoin, on a beach on a Caribbean island in February 2000. That day, Thiel met the founders of E-Gold, who failed in an attempt to create a gold-backed digital currency through a company that was shut down by the U.S. government for “illegal money transfers.”

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Thiel said on the subject: “My theory about Satoshi’s identity was that Satoshi was on that beach in Anguilla. In February 2000, I met the founders of E-Gold on the coast of Anguilla. We were starting a revolution on the coast against central banks. We were going to make PayPal interoperable with E-Gold and blow up all the central banks.”

Thiel suggests that Nakamoto may have been one of the 200 attendees at this meeting: “Bitcoin was E-Gold’s answer. Satoshi learned that you must be anonymous and not have a company. A company, even a corporate form, was highly connected to the government.” The February 20-24, 2000 conference was the fourth fourth conference on Financial Cryptography.