Bitcoin tops $121K, boosting Satoshi Nakamoto’s fortune to $132B
Bitcoin tops $121K, boosting Satoshi Nakamoto’s fortune to $132B originally appeared on TheStreet.
It seems nothing can get in the way of Bitcoin's fresh rally as it surpassed the $121,000 price mark to hit a new all-time high (ATH) on July 14.
President Donald Trump hailed the crypto rally for hitting "through the roof" after Bitcoin surpassed the $112,000 mark for the first time on July 10. Since then, the king coin has been hitting record highs one day after another.
Launched in 2009, Bitcoin is the world's largest cryptocurrency. It has a market cap of $2.4 trillion and accounts for more than 60% of the total crypto market cap.
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The on-chain analytics platform Arkham Intelligence recently reported that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has become the world's 12th wealthiest person, thanks to their BTC holdings.
Satoshi Nakamoto's net worth soared to more than $132.6 billion at the time of writing.
As per the on-chain analytics platform Coinglass, $235 million in short positions have been liquidated in the crypto market in the last hour.
Source: Coinglass Needless to say, Bitcoin made up the bulk of these liquidations, as $205 million in BTC short positions have been liquidated in the last hour.
Next target $200K
Bitwise’s Jeff Park credited Bitcoin treasury purchases and exchange-traded fund (ETF) inflows for the surge in BTC's price of late.
“It's over $15 billion, and that number is bigger than the first half of Bitcoin ETF flows that we experienced in 2024,” Park said. “And the other thing I love about these Bitcoin treasury companies, for the most part, these are never gonna sell Bitcoin.”
Park predicted that Bitcoin will hit the price of $200,000 by the end of 2025.
Bitcoin was trading at $121,209.01 at the time of writing, as per Kraken's price feed.
Bitcoin tops $121K, boosting Satoshi Nakamoto’s fortune to $132B first appeared on TheStreet on Jul 14, 2025
This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared.
