Elon Musk of Tesla and SpaceX is on the Forbes Real Time Billionaires list as the world’s richest man with a total estimated worth as of June 1, 2024, of $210 billion. However, there is a possibility that the creator of Bitcoin Satoshi Nakamoto could potentially amass more wealth than Musk. This would mean that the price of Bitcoin would have to increase by only 210% in the future.
Elon Musk is one of the prominent personalities in the technology sector who is actively indulged in businesses like Tesla Motors, SpaceX, and The Boring Company. However, it is worth mentioning that while many people believe that the title of the wealthiest person still belongs to Amazon’s Jeff Bezos, he currently occupies only the third place. Something more unprecedented revolves around Musk and the surprising appearance of Bitcoin’s creator.
It is, therefore, worth noting that Satoshi Nakamoto, the creator of Bitcoin, is currently listed among the top 100 richest people in the world with a net worth of $19. 7 billion placing him at position 23. It is believed that Nakamoto mined more than 1 million BTC at the time of its creation, making roughly around $67. This makes Nakamoto ranked third in the list, right below David Kenneth Roy Thomson with a total estimated worth of $72. 5. 9 billion, which is marginally higher than Julia Koch with a total net worth of about 66 billion.
If Nakamoto wants to become the world’s richest person, it means the value of Bitcoin needs to increase by 210% bringing the price per Bitcoin to $210,000. And if such a circumstance occurs and if Musk or any other person fails to further add to his riches, Nakamoto can become the wealthiest man in the world.
That being said, it raises the question of whether Forbes or other media would approve Nakamoto’s riches as an official online billionaire for Bitcoin since its founder is not recognized at present. However, should Bitcoin attain this value it would be a notable landmark, a figure that is sure to attract decentralized currency enthusiasts, the media, and any followers of the technology.
An increase in the Bitcoin value to such a degree would not only alter the perception of Nakamoto as the innovator behind the cryptocurrency but also force established measures of wealth to come up with ways of including an anonymous person. While an evolution of this sort represents a great change in financial activities and trends, it points to the fact that innovation and valuation in the financial sector are volatile.
In conclusion, the idea of having Satoshi Nakamoto, the owner of almost one million bitcoins, become the richest person in the world with just right of 210% in the price of bitcoins shows the potential of blockchain and cryptocurrencies in changing the dynamics of wealth distribution around the world.
