Satoshi Nakamoto’s Elite Rankings Jump as Bitcoin Rockets to $108,000

Bitcoin’s recent increase has done more than delight speculators; it has propelled its mysterious creator, Satoshi Nakamoto, higher in the ranks of the world’s wealthiest people.

According to Bitcoin historian Pete Rizzo, Satoshi Nakamoto has surpassed NVIDIA CEO Jensen Huang, claiming 11th place on the global rich list. With Bitcoin currently trading around $106,361, the value of the Bitcoin creator’s estimated 1.1 million BTC holdings is currently $116.6 billion, according to data from Arkham.

The identity of Satoshi, who vanished from public view in 2011, remains a mystery, yet his influence and wealth continue to grow as the Bitcoin price increases. If the bullish momentum is sustained, Satoshi may soon join the top 10 richest alongside titans such as Mark Zuckerberg and Warren Buffett.

Bitcoin briefly topped $108,000 during the early Wednesday session, reaching a high of $108,050. Bitcoin is currently 2.41% away from its all-time high of $109,114, set in January.

Bitcoin options traders set sights on higher prices

Bitcoin options traders are targeting significantly higher values as the largest cryptocurrency approaches its recent all-time high.

According to Bloomberg, Bitcoin call options expiring on June 27 at a strike price of $300,000 are a close second in terms of open interest on the cryptocurrency options exchange Deribit, trailing just the $110,000 calls. Contracts ending on June 27 have the highest open interest, or total number of outstanding contracts, of all expirations.

Deribit’s growth in open interest over the previous 24 hours has been centered at strikes above $110,000, with the majority of hedging occurring at roughly $105,000 during the same period.

According to CoinGlass, at $105,800, Binance Futures has a buy order wall of $114.7 million, or 1,100 BTC.