Satoshi Nakamoto Surpasses Bill Gates as 13th Richest as Bitcoin Hits $116.7B Wallet Value and $2.1T Market Cap
Blockchain analytics reveal that Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC), now holds approximately $116.7 billion in BTC, outpacing Bill Gates and ranking as the 13th richest person globally. Nakamoto’s wallet, containing over 1 million BTC, has remained untouched since Bitcoin’s inception, reinforcing market confidence and Bitcoin’s decentralized ethos. Bitcoin’s total market capitalization has surged to $2.113 trillion, making it the world’s sixth most valuable asset, surpassing Alphabet and silver and trailing only gold, Nvidia, Microsoft, Apple, and Amazon. Analyst forecasts and institution participation underline BTC’s shift from a speculative asset to a mainstream investment vehicle and a hedge against inflation. On June 3rd, Bitcoin rebounded from $103,000 to $106,800 before stabilizing near $105,547, signaling robust investor confidence. The milestone highlights increasing institutional and mainstream adoption, and prompts discussions on regulatory impact and wealth concentration within the crypto sector.
Bullish
Satoshi Nakamoto’s rise in global wealth rankings, fueled by Bitcoin’s appreciation and a record $2.1 trillion market cap, underscores rising institutional and mainstream investor confidence in BTC as a valuable asset. The untouched status of Nakamoto’s holdings adds to overall market stability and further strengthens the narrative of Bitcoin’s decentralized foundation. Surpassing traditional assets and famous billionaires in value signals maturing adoption and acceptance, which typically attracts more capital inflows and reduced volatility. While discussions about wealth concentration and regulation arise, historical parallels show such milestones often trigger increased media coverage and investor interest, leading to upward price momentum both in the short and long term.