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-   -   Could the founder of Bitcoin become the worlds richest person? (https://www.aspkin.com/forums/cryptocurrency/111574-could-founder-bitcoin-become-worlds-richest-person.html)

Play 10-21-2017 01:14 PM

Could the founder of Bitcoin become the worlds richest person?
 
I came across this article and found it to be a very interesting read - so thought i'd share it too.

Bitcoin’s latest record high makes Satoshi Nakamoto the 247th richest person in the world!

To summarise:
  • He has approx. 980,000 bitcoins. (I'm sure his purchased more since it's success).
  • What is that worth today? At $6,000 a coin, Satoshi would be worth $5.9 billion. That would put him/her/they at number 247 on Forbes’ list of the world’s richest people.
  • Satoshi is just below Wal-Mart heiress Ann Walton Kroenke and Samsung scion Jay Lee; and above Alibaba’s Joseph Tsai and María Asunción Aramburuzabala, who inherited the Corona brewery fortune.
  • That’s a good return for writing a piece of nine-year-old, open-source software. And arguably, even $5.9 billion is too small a reward for inventing “magic internet money.”

With Bitcoin value aiming for the moon, do you think the founder of Bitcoin will become the world's richest person anytime soon?

If you want to give it a read: https://qz.com/1107843/bitcoins-btc-...h-5-9-billion/

slokor 10-21-2017 03:51 PM

Re: Could the founder of Bitcoin become the worlds richest person?
 
I don't think those bitcoin will ever be cashed so it's an academic discussion only.
But yes if that person was to come forward he would be one of the richest people on earth right now - and the richest in several years.

Play 10-21-2017 03:55 PM

Re: Could the founder of Bitcoin become the worlds richest person?
 
Come to think of it, for him to be the richest, each bitcoin would need to be worth roughly $90k.

Whilst we are a long way away from it, I think it's certainly an achievement for whoever came up with it to reach top 250 on the wealthiest charts.

P.S. I don't think they'll ever cash them in either. At this rate, Bitcoin could have more intrinsic value than any other currency.

yotano211 10-21-2017 05:38 PM

Re: Could the founder of Bitcoin become the worlds richest person?
 
If the dude cashes even a small part of those 900k coins, the price would crash.

empirestate 10-21-2017 11:48 PM

Re: Could the founder of Bitcoin become the worlds richest person?
 

slokor 10-22-2017 09:28 PM

Re: Could the founder of Bitcoin become the worlds richest person?
 
Quote:

Originally Posted by empirestate (Post 879242)
Just so you know, I am Satoshi...

Yeah.
And Trump never told a lie in his life.


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