Bitcoin (BTC) creator Satoshi Nakamoto is assumed to carry round 1.1 million BTC, value $46 billion immediately. This implies the world’s richest particular person and first trillionaire may not be Elon Musk if Bitcoin ever reaches the excessive six-figure vary.
In the meantime, different distinguished Bitcoin holders have additionally made billions from the rise within the BTC worth over the previous 15 years. One of the notable examples is MicroStrategy CEO Michael Saylor, who’s up a whopping $2.6 billion on his Bitcoin funding.
Can a Bitcoin billionaire dethrone Elon Musk?
So, how excessive would the BTC worth be for a Bitcoin billionaire resembling Microstrategy CEO, Michael Saylor, to change into the world’s richest particular person?
A number of components should be thought-about to discover the potential of Michael Saylor overtaking Elon Musk because the wealthiest particular person on the planet with Bitcoin costs rising. Specifically, Saylor’s whole Bitcoin holdings and Musk’s internet value, and exclude his personal possbile Bitcoin and (seemingly) Dogecoin (DOGE) stacks for this theoretical train.
Associated: Michael Saylor begins promoting $216M in MicroStrategy shares for extra Bitcoin
Newest knowledge reveals that Michael Saylor’s whole Bitcoin holdings quantity to 206,882 BTC (~$9 billion), together with MicroStrategy’s 189,150 BTC and his personal stash of 17,732 BTC, based on Forbes. Elon Musk’s internet value, alternatively, is roughly $219 billion.
To calculate the Bitcoin worth needed for Saylor’s internet value to surpass Musk’s, we have to discover the value per Bitcoin that may worth Saylor’s holdings previous $219 billion.
Let’s break down the calculation, which you’ll strive with Cointelegraph’s worth calculator:
- Michael Saylor’s private Bitcoin holdings: 17,732 BTC
- MicroStrategy’s Bitcoin holdings: 189,150 BTC
- Whole Bitcoin holdings: 17,732 BTC (private) + 189,150 (firm) = 206,882 BTC (~$9B)
- Elon Musk’s internet value: ~$219B
We will now calculate the required worth of Bitcoin for this situation.
Seven-figure Bitcoin worth
To surpass Elon Musk’s internet value of roughly $219 billion, the value of a single Bitcoin would wish to achieve roughly $1,054,000. This can be a substantial 24x enhance from present Bitcoin costs however it could however align with quite a few worth predictions. On the similar time, this displays the remaining huge hole in internet value between the 2 entrepreneurs.
Associated: Ex-BitMEX CEO explains how Bitcoin can have hit $1 million by 2030
It’s vital to notice that this situation is hypothetical and relies on numerous components, together with Bitcoin’s market dynamics, Elon Musk’s fluctuating internet value (largely tied to his holdings in corporations like Tesla and SpaceX), and Michael Saylor sustaining his Bitcoin holdings.
Moreover, such a dramatic rise in Bitcoin’s worth would seemingly have far-reaching implications for the cryptocurrency market and international monetary programs.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
