Satoshi's Bitcoin Fortune Surges to $120 Billion

The Bitcoin holdings of Satoshi Nakamoto, the pseudonymous creator of the leading cryptocurrency, have now surpassed $120 billion, according to recent data provided by Arkham Intelligence

This makes Satoshi the 11th richest person in the world, according to an unofficial ranking

According to make it to the top 10, Satoshi would have to surpass Google co-founder Sergey Brin, whose current net worth stands at $143 billion.

Satoshi's net worth has experienced a notable boost because of the massive Bitcoin price rally. Last week, the cryptocurrency surged to a new all-time high of $112,000. At press time, it keeps hovering close to the $110,000 level

However, it is worth noting that the identity of the Bitcoin creator remains unknown despite countless theories. Moreover, Galaxy founder Mike Novogratz is convinced that Satoshi is no longer alive

In the meantime, as reported by U.Today, BlackRock's Bitcoin ETF is now on track to surpass Satoshi in total holdings by next summer. However, this could happen sooner if institutional adoption picks up steam this year due to a significant Bitcoin price rally