Satoshi Nakamoto's wallet holds approximately 1 million BTC, with a net worth exceeding $96 billion, making him the 18th richest person in the world. This wealth places him just behind Walmart (NYSE: WMT) owner Jim Walton and his family, whose fortune amounts to $102.9 billion, and ranks him above notable billionaires like Alice Walton and Carlos Slim Helú in the wealth rankings.
HISTORY: AT $97k #BITCOIN, SATOSHI NAKAMOTO IS NOW THE 18TH RICHEST PERSON IN THE WORLD pic.twitter.com/GAtx9n96kg
— The Bitcoin Historian (@pete_rizzo_) November 21, 2024
Wealth in bitcoins, as seen with Nakamoto, has its unique characteristics since this asset is decentralized and largely influenced by fluctuations in market demand. Unlike stocks, which are typically associated with stable investments in established companies, Bitcoin exhibits high volatility. Nevertheless, cryptocurrency supporters believe it is gradually evolving into a mature financial instrument as it increasingly finds applications in traditional financial services.
Surge of Bitcoin Millionaires
In addition to Nakamoto, other long-term Bitcoin holders have also experienced an increase in their wealth due to the recent rally. As of November 21, 153,139 Bitcoin wallets held over $1 million (139,124 wallets with balances exceeding $1 million and 14,015 wallets with balances over $10 million), according to data obtained by Finbold from BitInfoCharts.
Thus, the number of Bitcoin millionaire addresses has surged by almost 60% in 2024 compared to 96,736 at the beginning of the year.
The wealth of these holders is likely to continue growing, as the market anticipates new Bitcoin highs. This is supported by on-chain metrics indicating a potential increase in purchasing activity. Specifically, in November alone, the cryptocurrency market saw an influx of $9.7 billion in stablecoins, which could serve as an additional catalyst for further growth.