Kathmandu. Bitcoin, the world’s oldest, largest and most popular cryptocurrency, has crossed $ 121,000 for the first time today.
Bitcoin is gaining momentum due to the deficit spending crisis in the US. Bitcoin’s value has increased by 30 percent this year. According to many price models, the value of bitcoin can range from $ 2 00,000 to $ 1 million. If bitcoin’s value reaches $ 370,000, its creator Satoshi Nakamoto will become the world’s richest person. Elon Musk is currently sitting on this throne. His net worth is $360 billion.
Nakamoto is considered to be the creator of Bitcoin. However, no one in the world has seen his face.
Nakamoto released a bitcoin white paper under a public MIT license in October 2008. Bitcoin’s first block was minted on January 3, 2009. With this, the bitcoin network was formally launched.
Between January and July 2009, Nakamoto is believed to have created more than a million bitcoins. At current prices, Nakamoto owns about $130 billion worth of bitcoin. According to this, he is currently the 12th richest person in the world.
If bitcoin’s value reaches $370,000, Nakamoto’s net worth will reach $370 billion. In this way, he will overtake Musk to become the world’s richest person.
In 2010, bitcoin was valued at $0.5. A year later, in 2011, bitcoin reached $31.9, but in 2012 it dropped to $15.4.
Bitcoin’s first big jump came in 2013 and reached $1,241. It dropped to $1,093 in 2014 and again to $492 in 2015. Its price reached $ 982 in 2016 and $ 19 thousand 870 in 2017. In 2018 and 2019, it decreased again.
Bitcoin reached $29,298 in 2020, $68,990 in 2021, $48,199 in 2022, $44,697 in 2023 and $108,244 in 2024. – Agency
