Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Why Crypto Community Will be Eagerly Waiting for Bitcoin to Reach $182,000?

Why Crypto Community Will be Eagerly Waiting for Bitcoin to Reach $182,000?

Kelly Cromley by Kelly Cromley
Mar 29, 2021
in Bitcoin News, Market News, News
Reading Time: 3 mins read
0

Based on calculations, analysts have concluded that the creator of Bitcoin, Satoshi Nakamoto, will turn into the world’s richest person when Bitcoin (BTC) reaches a price of roughly $182,000. Currently, Amazon founder Jeff Bezos is the richest on earth with a networth of $181.60 billion.

Elon Musk, Tesla’s CEO, stands second at $163.70 billion, with a stake of over 20% in the electric car manufacturing company he founded. It can be remembered that Satoshi Nakamoto published the whitepaper of Bitcoin in October 2008 with a public MIT license.

Notably, on January 3, 2009, Bitcoin’s foremost block or “genesis block” was mined. This signified the rollout of the Bitcoin network, which sparked the blockchain and cryptocurrency movement.

Even though the precise figures are murky, between January and July 2009, Satoshi Nakamoto is assessed to have mined more than 1 million Bitcoin.

This implies that at prevailing Bitcoin prices, Satoshi Nakamoto’s networth is about $54 billion.

Put differently, in case the price of Bitcoin reaches $182,000, it would place Nakamoto’s net worth at about $182 billion, which is greater than the prevailing net worth of Bezos. Back in 2010, Sergio Demian Lerner, an eminent crypto academic, released a research paper assessing the Bitcoin holdings of Satoshi Nakamoto. By reading the starting blocks mined by Satoshi, Lerner assessed that 1million Bitcoin is probably possessed by Satoshi. He wrote:

“I estimate at eyesight that Satoshi fortune is around 1M Bitcoins, or 100M USD at current exchange rate. I’m sure there will be plenty of people that will carefully analyze the source data set and come up with the exact figure, which will be very close, but nevertheless they will scream at me again.”

Even though there are several price models that forecast the price of Bitcoin to reach between $200,000 and $1 million, the top popular model is the stock-to-flow (S2F) model.

According to the S2F model, by the end of this year, Bitcoin is anticipated to reach anywhere between $100,000 and a “conservative” $288,000, utilizing a formula on the basis of a correlation between Bitcoin’s value versus the prevailing supply (stock) and the quantum of freshly mined Bitcoin reaching the market (flow).

Back in November, PlanB, the developer of the S2F model, stated:

People ask if I still believe in my model. To be clear: I have no doubt whatsoever that #bitcoin S2FX is correct and #bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice! pic.twitter.com/GNSxLIt7NG

— PlanB (@100trillionUSD) November 8, 2020


In case Bitcoin rallies to a high of $288,000, in accordance with the S2F model, Satoshi’s net worth would be about $288 billion, which should place the creator well above Musk and Bezos.

In the meantime, there are few more price forecasts of Bitcoin that are further on the upside. For illustration, Bloomberg had forecast that Bitcoin could hit a high of $400,000 in case it transforms into a “risk-off” reserve asset.

Nevertheless, there are no proven personal details of Satoshi Nakamoto. In fact, there is no guarantee that whether the person is still alive. There have been speculations that Hal Finney, Adam Back, and Paul Le Roux could be the creator of numero uno Bitcoin. In fact, speculation is ripe that it could be even a team of developers.

Previous Post

Norwegian Billionaire Spetalen Who Called For a Ban on Bitcoin Takes a U-Turn

Next Post

Decentralized Exchange Uniswap Surpasses Bitcoin in Daily Fee Generation by $1.7mln

Related Posts

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Midnight Network

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
0

Midnight Network, a privacy-oriented blockchain built on the Cardano infrastructure, has announced an expansive airdrop campaign known as the Glacier...

Kraken

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
0

In a strategic move to merge traditional equity markets with blockchain technology, DeFi Development (DFDV), a decentralized finance firm, has...

tether stablecoin usdt

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
0

Tether has continued its rapid pace of stablecoin expansion by minting an additional $2 billion USDT on the Tron blockchain....

Nexus zkVM

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025
0

Nexus, a forward-looking blockchain company focused on creating a Layer 1 network tailored for the artificial intelligence (AI) era, has...

delorean web3 marketplace vehicle registrations

DeLorean Unveils World’s First Blockchain Car Reservation System

by Kelly Cromley
Jun 24, 2025
0

The DeLorean Motor Company, famed for its iconic automobile, has launched what it claims to be the world’s first blockchain-powered...

Next Post
Decentralized Exchange Uniswap Surpasses Bitcoin in Daily Fee Generation by $1.7mln

Decentralized Exchange Uniswap Surpasses Bitcoin in Daily Fee Generation by $1.7mln

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

fiserv
Market News

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
Midnight Network
Market News

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
Kraken
Market News

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
tether stablecoin usdt
Market News

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
Nexus zkVM
Market News

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree