BTC price drop erases $41B from Satoshi Nakamoto's estimated fortune

The estimated net worth of Bitcoin founder Satoshi Nakamoto has decreased by more than $41 billion in the past month amid the recent decline in BTC's price, Decrypt reported. Citing data from Arkham Intelligence, the report noted that the value of Bitcoin held in addresses presumed to belong to Satoshi fell from approximately $137 billion in October to $95.8 billion. As a result, Satoshi's ranking on the Forbes list of the world's wealthiest individuals has dropped from 11th to 20th, placing the Bitcoin creator below Microsoft founder Bill Gates.