The mysterious creator of bitcoin is sitting on a $700 million fortune

miley cyrus money cash dollars pop star happyScott Barbour/Getty Images$$$$$

Bitcoin is soaring.

The digital currency is on a powerful upward trajectory, jumping in value by well over 30% in the space of a month. On Monday, the price peaked at $719 — far, far above the $200-mark it was languishing at in August 2015. (As of writing, it sits a little below this week’s high, at $690.

This bullish period — which comes shortly before the supply of new bitcoin is due to be halved due to a programmed rule — is making a lot of bitcoin-owners very happy, with the value of their holdings increasing by significant double-figures percentage-points. The value of the digital currency hasn’t been this high since February 2014, when it was trending downwards from all-time highs of around $1,100. (All data comes via CoinDesk’s price analysis tool.)

But few people are likely to be profiting more (on paper, at least) from the price spike than Satoshi Nakamoto, the mysterious creator of bitcoin — whoever Satoshi is.

Nakamoto disappeared from the scene years ago, back when the digital currency was still in its infancy, and his or

Read more ... source: TheBitcoinNews

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