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Mysterious Bitcoin Creator Satoshi Nakamoto Is Now Worth £44bn

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Mysterious Bitcoin Creator Satoshi Nakamoto Is Now Worth £44bn

The person who invented Bitcoin, known only as Satoshi Nakamoto, is probably one of the richest people in the world right now, with a fortune that is estimated at around £44 billion.

The only problem is, no-one knows who Satoshi Nakamoto is, whether the person who invented Bitcoin is alive still, or whether they were ever a real person to start with.

Confusing right? Almost as confusing as cryptocurrency is for most of us.

But, since the Bitcoin bubble started really taking off, the value of the cryptocurrency has skyrocketed, meaning that the amount that the mysterious creator has would make him/her/they the 19th richest person on the entire planet.

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As it stands, Bitcoin has increased in value by 900 percent over the past year. It currently stands at £45,108 for just one.

Bitcoin value has grown by 900 percent since last year. Credit: PA
Bitcoin value has grown by 900 percent since last year. Credit: PA

Whoever Satoshi Nakamoto is, they own around five percent of the world's Bitcoin. That works out at around 980,000, or £44bn worth.

That's a serious amount of cash for an anonymous person to have, and it's not been touched for a full decade.

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You see, Bitcoin was created in 2009 and became the world's first decentralised currency. Essentially, people force computers to perform complex calculations in order to 'mine' the currency.

Again, it's pretty confusing unless you're really interest in it.

As for Nakamoto, some believe that the moniker is a codename for the group of people who came up with the idea, whereas others believe that it was all the work of one man.

The only thing that is for certain is that most people have absolutely no idea who Satoshi Nakamoto is.

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Some believe Satoshi Nakamoto is a group of people, not just one. Credit: PA
Some believe Satoshi Nakamoto is a group of people, not just one. Credit: PA

Because the value of Bitcoin has skyrocketed, the number of people attempting to scam people out of their cash as they try to turn a profit has increased drastically too.

In recent times, the FCA (Financial Conduct Authority) has launched a crackdown on the advertisement of cryptocurrency as people plough their dough into the market in the hopes of hitting it big.

They said: "Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors' money,

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"If consumers invest in these types of product, they should be prepared to lose all their money."

On top of that, they said that people should be made to understand the risks involved and what they're getting into before they buy anything.

Particularly because the usual financial services that might help you out of an investment or savings jam are powerless to do anything in the world of Bitcoin.

Bitcoin investors should understand what they're getting into. Credit: PA
Bitcoin investors should understand what they're getting into. Credit: PA
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The FCA added: "Consumers should be wary if they're contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true."

"Consumers should be aware of the risks and fully consider whether investing in high-return investments based on cryptoassets is appropriate for them,"

Featured Image Credit: PA

Topics: Bitcoin, Money, Interesting, Cryptocurrency, Weird

Tom Wood
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