Bitcoin set a new record of $93,495 on Wednesday.

Written by: Tomiwabold Olajide

Translated by: Blockchain in Plain Language

In a remarkable development, Bitcoin creator Satoshi Nakamoto has entered the ranks of the world's wealthiest individuals. As the value of Bitcoin skyrockets, Nakamoto's estimated holdings have propelled him to the 19th position on the global billionaire list. Bitcoin historian Pete Rizzo shared this fact in a recent tweet: "At a Bitcoin price of $90,000, Satoshi Nakamoto is now the 19th richest person in the world."

Satoshi Nakamoto is the pseudonym for the individual or group that developed Bitcoin, authored the Bitcoin white paper, and created and deployed the original reference implementation of Bitcoin.

It is estimated that Nakamoto holds about one million Bitcoins, which have remained untouched since their creation. With Bitcoin prices reaching new highs, the value of these holdings has surged significantly. According to a screenshot shared by Rizzo, the value of these Bitcoins has reached $90 billion, placing Nakamoto at the 19th position on the list of the world's wealthiest individuals.

However, despite recent claims, including an HBO documentary and statements from certain dubious figures, no one knows for sure who Satoshi Nakamoto is. The search for Nakamoto's identity has been ongoing for years, but the answer remains unknown.

Bitcoin broke through $93,000 on Wednesday, setting a historic high, and this upward trend shows no signs of slowing down. In recent weeks, the world's largest cryptocurrency, Bitcoin, has become one of the most notable market trends, with its price reaching a historic high of $93,495 during trading before slightly retreating.

As of the time of writing, Bitcoin (BTC) has risen 4.56% in the past 24 hours, reaching $91,311, and has increased by 22% over the week. This still makes the previous expectation of a $100,000 price seem within reach. According to Deribit statistics, bullish options bets on Bitcoin breaking through $100,000 are concentrated. The inflow of funds into Bitcoin exchange-traded funds (ETFs) in the U.S. exceeded $1 billion earlier this week.

Although Galaxy Digital CEO Michael Novogratz stated that the likelihood of the U.S. establishing a strategic Bitcoin reserve is low, he noted that if this plan were to be implemented, the price of Bitcoin could soar to $500,000.

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