This is the creator of bitcoin set to become the world's first trillionaire
When the worth of a single bitcoin hit the milestone of $10,000 at the end of last month, the world started freaking out a bit about how fast the digital currency had grown since its first introduction to the world in January 2009. A lot of people felt stupid for not having invested all those years ago upon first hearing about it, though no-one felt more stupid than the guy who spent $130 million worth of bitcoin on 2 pizzas back in 2010. (My heart goes out to you dude.)
The thing about bitcoin is that no-one really knows what it is or where it'll go, but that there are a lot of people getting super-duper rich from the decentralised cyber coins. And now, researchers have calculated that the most super-duper rich of them all is likely to be the very founder of bitcoin, who is set to become the world's first trillionaire. That's someone who has a 13-digit worth – $1,000,000,000,000 – behind their name.
Until now, Microsoft founder Bill Gates was always estimated to become the world's first trillionaire, with Oxfam proposing that it could happen in the next 25 years. But now that bitcoin has officially gone "mainstream", people are doing all sorts of new calculations and projections (which are still just total guesses, might I add) about where the currency will go.
They're saying that if it keeps climbing at the same unprecedented rate that it has, it will be the mysterious bitcoin founder – who has the biggest share of the coins of all – who will become the first person to have a trillion bucks.
So who is he?
Well, no-one really knows, bar a name: Satoshi Nakamoto. Nakamoto is commonly known as a masculine Japanese name, but he could just as well be a woman or even a group of people. Really, they could be dead for all we know – no-one's heard from the founder since his last email to former bitcoin developer Mike Hearn in 2011.
But what people do know, is that Nakamoto has never spent a single one of the monumental amount of bitcoins he holds, which is estimated to be around 1 million. At the current price of bitcoin (hovering above $17,000), those 1 million he holds mean Nakamoto would have a tidy $17 billion in his pocket.
That would make him the 52nd richest person in the world right now if you compare it to Forbes' latest list of billionaires. So, yep. He's already extremely wealthy, all because he started this odd little coin-mining phenomenon nine years ago. But according to Mashable, this is just the beginning.
For Nakamoto to become the richest man in the world, bitcoin would have to hit $88,000. It sounds crazy, but given the fact that the digital currency only reached $800 per coin one year ago, and now it's at $17,000 – well, that sounds crazy too. And to become the world's first trillionaire, the price of bitcoin would have to reach $1 million per coin. Pwoah, just imagine.
But there's a bit of a problem for Nakamoto. A lot of analysts agree that if he moves his mammoth fortune, selling just a fraction of one of his many bitcoins, it could cause some serious waves in the currency that might make the whole thing crash.
So even if he does become the first trillionaire, looks like it'll be incredibly risky for him to cash in. Just imagine – having so much to spend, but spending even just the tiniest amount could mean chaos. Guess he's just going to have to sit back and watch it grow like the rest of us.