It is believed Bitcoin's inventor Satoshi Nakamoto holds one million bitcoins worth $17 billion
Published: Thu 14 Dec 2017, 9:42 AM
Updated: Thu 14 Dec 2017, 11:46 AM
Satoshi Nakamoto is a name which is a mystery. He is believed to be the inventor of cryptocurrency 'bitcoin'. With a fortune of $17 billion and bitcoin's booming price, Nakamoto is all set to become the world's first trillionnaire - richest person on the planet, ahead of Forbes' list billionaires Bill Gates and Jeff Bezos.
The price of the world's most valuable digital currency bitcoin is up 1,800 per cent this year. Last week, it rocketed above $19,000 for the first time. With a market value of more than $288 billion, the cryptocurrency was trading at $17,254 on Wednesday.
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Nakamoto is believed to hold nearly one million bitcoins, and he's never spent a single coin, according to media reports quoted in RT news.
Satoshi Nakamoto is the name that appears on the original document that conceived bitcoin about nine years ago and it still remains a mystery. To date, nobody knows who Nakamoto is.
There have been at least four people that have been named or have named themselves as Satoshi Nakamoto. Three years ago, Newsweek said a 64-year-old Japanese-American living in California named Dorian Satoshi Nakamoto could be behind bitcoin. He had denied the report.
While in 2016, an Australian entrepreneur Craig Wright claimed he was the founder, but that was also called into doubt. Last month, billionaire Elon Musk denied rumors he was the mysterious inventor of bitcoin.