If Bitcoin Hits $1M, who becomes the richest person in the world?
and if you're interested in crypto and government contracting, here's who to team with
Elon Musk's position as the world's richest person could be toppled if Bitcoin's value rises above $1 million.
Satoshi Nakamoto, the enigmatic creator of Bitcoin, is believed to hold approximately 1.1 million BTC, currently valued at $46 billion. This could potentially make Nakamoto the world's first trillionaire, as BTC rises. Michael Saylor, Chairman of MicroStrategy, has profited $2.6 billion from Bitcoin investments. For Saylor's net worth to surpass Musk, the price of Bitcoin would need to hit $1,054,000 per unit. This scenario would require a massive 24x increase from Bitcoin's present value but does align with some BTC bull market predictions.
Who Owns the Most Bitcoin in 2024?
Notable Bitcoin Holders and an Unknown Entity
Tyler and Cameron Winklevoss: After settling with Mark Zuckerberg in 2008 for $65 million in Facebook shares and cash, the Winklevi formed an angel investment company and purchased about $11 million in bitcoin at roughly $10 per coin, owning around 70,000 BTC.
Tim Draper: A long-time Bitcoin enthusiast, Draper initially bought 40,000 BTC. These were lost in a hack. In 2014, he bought 29,656 BTC for $18.7 million, at about $632 per coin.
Excluding Satoshi, there are four Bitcoin addresses, each holding over 100,000 bitcoins. The top four addresses are owned by Binance, Bitfinex, and a third unknown entity. Together, these addresses possess over 663,000 bitcoins.
Total Supply
According to the existing rules of Bitcoin's software, the maximum number of bitcoins that can ever exist is capped at 21 million. This fixed limit allows for precise calculations of ownership percentages based on the 21 million cap. However, some calculations adjust the total Bitcoin supply by excluding over 1 million BTC owned by Satoshi Nakamoto and an estimated 3-4 million bitcoins considered permanently lost. This adjustment suggests that the effective total supply might be closer to 17 million bitcoins.