TL;DR

• If BTC eventually reaches $200k, assuming Elon’s wealth stays the same, and Satoshi doesn’t sell a single coin…the anonymous Satoshi Nakamoto will be the richest person in the world.

Full Story

It’s Friday - so let’s cap things off with something a bit fumb (fun + dumb).

As of today (14 June, 2024), the real-time Forbes Billionaires List features 15 people who’ve have made a majority of their fortune thanks to the world of crypto (compared to just nine in 2023).

And while some early adopters spent BTC slightly recklessly in the early days - like the guy who spent 10,000 BTC on two Papa Johns’ pizzas in 2010 - others have hodl’d for years.

Right now, BTC’s market cap sits at a cool $1.3 Trillion USD, which is roughly half the market cap of the entire crypto market.

And Satoshi Nakamoto (the creator of BTC and the BTC Whitepaper) holds 1.1M of the total 21M supply.

Satoshi has never touched their 1.1M BTC and has always remained anonymous.

Right now, Satoshi is worth ~$73B USD.

Now, here’s the crazy part: Elon Musk is currently the richest person on Earth with a net worth of $212.8B USD.

If BTC eventually reaches $200k, and Elon’s wealth stays the same, and Satoshi doesn’t sell a single coin…

Satoshi Nakamoto will be the richest person in the world.

Can the world live with the richest person on Earth being anonymous?

Ponder over the weekend and hit reply if you have any thoughts.

Happy Friday!