Satoshi Closes In On Walmart's Alice Walton In Wealth Rankings As BTC Reaches $112,000

According to Arkham data, at the current BTC price of $112,699, the 1.096 million BTC owned by Bitcoin's pseudonymous creator Satoshi Nakamoto is valued at $123,558,475,710.

According to the Bloomberg Billionaires Index, a daily ranking of the world's richest people based on their net worth, the enigmatic Bitcoin founder's fortune is approaching that of Walmart heiress and the world's richest woman Alice Walton, which currently stands at more than $123 billion.

The Bitcoin founder has yet to surpass Alice Walton's brother and Walmart heir Rob Walton, whose fortune is estimated at $124 billion, according to the Bloomberg Billionaires Index, but has already significantly surpassed Bill Gates, whose current fortune is $121 billion.

Satoshi's wallets have not been touched since 2010, and the true identity of Bitcoin's enigmatic founder remains a mystery.

Bitcoin News

Strategy co-founder and executive chairman Michael Saylor has reportedly made Bloomberg's richest list after his fortune increased by $1 billion since the start of the year.

South African company Altvest Capital plans to raise $210 million to buy bitcoins and create a cryptocurrency reserve fund.

Tom Lee, head of research at Fundstrat Global Advisors and CIO at Fundstrat Capital, expects Bitcoin to “easily” hit $200,000 by the end of the year. Lee made the announcement on CNBC’s Squawk Box, where he discussed the Fed’s fight against inflation, the outlook for interest rate moves, recent market trends, and the state of cryptocurrencies.

Bitcoin and major cryptocurrencies are trading in green ahead of the release of two closely watched inflation indicators, PPI and CPI, this week. In addition, Nasdaq is working with U.S. regulators to launch trading in tokenized securities.

Source: cryptonews.net