DIGIVESTASI - Bitcoin Price Soars, Satoshi Nakamoto’s Wealth Hits IDR 1,594 Trillion, The skyrocketing price of Bitcoin has propelled Satoshi Nakamoto's wealth, the creator of the cryptocurrency, past **$100 billion**, equivalent to approximately **IDR 1,594 trillion** (exchange rate IDR 15,940). With this achievement, Satoshi Nakamoto—who remains a mysterious figure—could potentially join the ranks of the **world's 20 richest people** if they truly exist.

Data from **Timechainindex** reveals that the Patoshi digital wallet, believed to belong to Nakamoto, holds assets exceeding **1.12 million BTC**. According to a report by **Cryptoslate**, the wallet's value has now reached **$102 billion**, representing **5.68% of Bitcoin's total supply**. This ownership places Nakamoto’s wealth close to major figures such as Michael Dell (**$110.2 billion**) and Bill Gates (**$105.2 billion**).

Satoshi has also surpassed the wealth of Binance founder **Changpeng Zhao (CZ)**, who is estimated to have a fortune of **$62.6 billion**, and slightly edges out Indian tycoon **Mukesh Ambani**, whose wealth is recorded at **$99.7 billion**.

Although their identity remains a mystery, it is widely agreed that Nakamoto is the creator of Bitcoin, as detailed in the legendary white paper titled *"Bitcoin: A Peer-to-Peer Electronic Cash System."* The document was published online in October 2008 and became the foundation for Bitcoin's development.

Bitcoin Hits New Record Amid Price Surge

As the world’s largest cryptocurrency, Bitcoin has more than doubled in value this year. In recent trading, its price reached **$93,709**, up   **1.6%**, after hitting an all-time high of **$94,982.37** earlier.

Since the U.S. presidential election, Bitcoin has surged more than **40%**, driven by market optimism surrounding pro-crypto policies promoted by former President Donald Trump. According to **Coin Market Cap**, on Thursday (November 21, 2024), Bitcoin's price hit **$94,446**, equivalent to **IDR 1.49 billion** (exchange rate IDR 15,834), marking a **2.69% increase in the past 24 hours**. This price jump was fueled by speculation that Trump Media and Technology Group plans to acquire cryptocurrency trading firm **Bakkt**.

Bitcoin continues to record significant growth, solidifying its position as a highly sought-after asset among global investors.

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