Bitcoin’s mysterious creator may become the first trillionaire

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CAPE TOWN - Progressive cryptocurrency, Bitcoin, is arguably one of the greatest financial phenomenons. However, there is great uncertainty over who created it and what their net worth is, reports media website, Mashable. All that is known about the founder of this progressive financial phenomenon is the name, Satoshi Nakamoto. Beyond this, nothing further is known. Yet, in 2016, Australian entrepreneur Craig Wright claimed that he is Nakamoto. The truth of the matter remains a mystery. Nakamoto could be alive, be dead, or he or she or it could be a group of people. No one knows for certain.

If the simple explanation is true, though, then Nakamoto is currently the 52nd richest person in the world, according to Forbes list of billionaires.

Further predictions reveal that the 52nd richest person in the world is on his way to topping the list as the world’s first trillionaire.

Nakamoto is believed to be in possession of around 1 million Bitcoins. Given the current value of the cryptocurrency, this makes him R223 billion rich.

Yet, Nakamoto has been off the grid since April 2011 and his Bitcoin stash has not actually moved. This makes it hard to know what he is up to.

Although the growth in the price of Bitcoin is not going to last forever, at this moment, it seems promising.

READ: WATCH: What can you buy with bitcoin in South Africa?

Meanwhile, a Swedish native who is the co-founder and CTO at Bitcoin.com, one of the world's largest bitcoin sites, said in an interview with Swedish tech site Brexit, that Bitcoin will not have a bright future.

Additionally, Oldenburg also blames the lack of market liquidity of bitcoin for the switch.

According to Oldenburg, The reason why people haven't understood the risks inherent in owning bitcoins, is simply because most have only bought the cryptocurrency but never sold or traded with them.

Bitcoin will not be the currency of the future claims Oldenburg.

READ ALSO: Bitcoin is not for the faint of heart

- BUSINESS REPORT ONLINE