I am director of research for digital assets at Forbes and editor of Forbes CryptoAsset & Blockchain Advisor. Prior to this I was at Kraken, a cryptocurrency exchange based in the U.S.
With the price of bitcoin nearing $100,000, crypto’s elusive founder would now be the 14th richest in the world, surpassing Microsoft founder Bill Gates.Bitcoin is on a tear, likely to hit $100,000 any day and the entire crypto market is up 90% in 2024 according to CoinGecko. Who is the richest crypto owner? According to Forbes’ reckoning it is Binance founder Chengpeng Zhao, who was recently released from prison, has a net worth of $61.6 billion ranking him 24th among the world’s billionaires.
Satoshi started accumulating the asset when the network first launched in January 2009 as likely its first miner. In fact, that is the only way that he could have obtained bitcoin. New bitcoin is created every ten minutes when a block gets added to the network by supercomputers racing to solve an arbitrary, but mathematically complex problem. The rate of issuance has decreased by 50% every four years until the 21 millionth gets mined in the year 2140.
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