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Satoshi Nakamoto Net Worth: Bitcoin Founder Worth Around $10 Billion With 1 Million Bitcoin: USD/BTC (BTC=X)

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Satoshi Nakamoto Net Worth: Bitcoin Founder Worth Around $10 Billion With 1 Million Bitcoin: USD/BTC (BTC=X)

KEY POINTS

  • Satoshi Nakamoto has an estimated net worth of $10 billion
  • He or she allegedly owns 1 million BTC
  • The true identity behind the name remains elusive 

Satoshi Nakamoto’s net worth is around $10 billion. However, the real person behind the name is still cloaked in mystery.

Nakamoto is widely considered as the father of bitcoin. Up to now, the identity or even gender of the person behind Satoshi Nakamoto remains unknown. Although there are several suspects as to who he or she is, everything remains speculation at this point. It could even be a group of people behind the name.

Bitcoin was created as a leverage against the super wealthy. The division between the world’s richest and poorest continues to widen as time goes by. As reported by Oxfam, Satoshi and the other billionaires control almost half of the world’s riches. This has far-reaching consequences politically and economically. 

The bitcoin founder allegedly owns 1 million BTC, which is equivalent to around $10 billion. As the value of bitcoin fluctuates, the net worth could be more than or lower than $10 billion at times.

People have begun suspecting who the person is behind the mystery. Some have tagged Hal Finney as the real Satoshi Nakamoto. Finney has transacted with Satoshi and even received the first ever bitcoin transaction. However, Finney died in 2014.

On the other hand, others thought Nick Szabo fits the bill. Per Coindiligent, Szabo was credited for launching an e-currency called ‘Bit Gold’ before bitcoin was created. It never really took off and netizens picture him re-launching the e-currency as ‘Bitcoin’.

Investopedia believes otherwise after tagging Dorian Nakamoto as Satoshi Nakamoto. The link between the two is logical as both of them share the same name: Nakamoto. Dorian Nakamoto also has a background in engineering. However, he has vehemently denied the accusations. Many people bought this story and even set-up a fund which reached 67 bitcoins. Dorian Nakamoto made $273,000 in 2018 from this bitcoin fund. 

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 10,856.74.

The projected lower bound is: 9,503.46.

The projected closing price is: 10,180.10.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 32 white candles and 18 black candles for a net of 14 white candles.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 57.3065. This is not an overbought or oversold reading. The last signal was a sell 8 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.47. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 6 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 60. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

Rex Takasugi – TD Profile

FOREX BTC= closed down -28.910 at 10,120.840. Volume was 31% below average (neutral) and Bollinger Bands were 4% narrower than normal.

Open     High      Low     Close     Volume___
10,153.52010,268.7009,960.31010,120.840 87,269
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 10,059.56 8,913.50 8,854.19
Volatility: 51 49 56
Volume: 291,167 156,506 101,630

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FOREX BTC= is currently 14.3% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BTC= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BTC= and have had this outlook for the last 45 periods.

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