Cryptocurrency Valuations Have Created Very Wealthy Founders

Bitcoin has been on a tear for well over a year now, but a few other cryptocurrencies have increased in value far more than BTC. This past week the two digital assets ripple (XRP) and ethereum (ETH) have spiked in value exponentially, making the founders of these projects some of the wealthiest men in the world — Right up there with bitcoin’s creator Satoshi Nakamoto.

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The Founders of Bitcoin, Ripple, and Ethereum Are Among the Richest Individuals On Earth

Cryptocurrency Valuations Have Created Very Wealthy FoundersThe total market capitalization of all the digital assets combined is currently over $770Bn and is quickly approaching the $1 trillion mark. A bunch of cryptocurrencies have been rising, but four digital assets in particular, bitcoin core, ethereum, ripple, and bitcoin cash as well, have made the founders of these projects very rich. It is believed that at one time Satoshi Nakamoto may have mined over 1 million BTC during the first year the original bitcoin codebase was born. RSK Labs chief scientist, Sergio Lerner, has done quite a bit of research on the fortune of Satoshi Nakamoto. According to Lerner’s report, Nakamoto using a single computer may have mined over 1 million BTC, and none of these coins have ever been spent.

Cryptocurrency Valuations Have Created Very Wealthy Founders
Satoshi Nakamoto’s stash is estimated to be 1 million BTC.

At the time of writing Satoshi’s net worth with all of his BTC reserves is roughly around $16Bn USD. That number does not include the tokens Nakamoto owns Read More Here