Elon musk net worth is like the entire market cap of Ethereum

Jackl87

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

I am not sure what the current official standings of the wealthiest people in the worlds are right now but as far as i know Elon Musk has overtook Bill Gates and Jeff Bezos a few months ago and was the richest man of the whole world for a certain time. Wealth like that is unimaginable for normal people like me and you i would guess i mean even if he would buy everything that he wants he would still have Billions and Billions after that. We also have to keep in mind though, that those super rich people don't have Billions of dollars just laying around as FIAT on their bank accounts, most of their wealth is in the form of shares of companies that they own.

kentrolla

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That's why he had ability to turn the tide and make doge go bonkers with just one tweet, rich people definitely have influence in crypto if they decide to enter the crypto market but at the same time the magic will soon fade off like it happened with Doge and now nobody bats an eye when he tweets about doge.

As far as I have understood his strategy he would either invest into a shot coin and make is pump by tweeting about it or rolling our updates like he is gonna accept payment for Tesla with that coin and then double his fortune by selling it off rather than picking an established coins like Ethereum for invetsment.

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

It is all on paper. Do you think there is enough liquidity to support the prices if Elon decided to sell his position for cash? I don't think so. The moment he decides to cash out, the prices would crater very fast. Those rich on paper people aren't as rich as you think they are. I am not saying they are living paycheck to paycheck but is not like they can buy out the whole world. It is all an illusion of wealth.

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I think that you can bring a better topic than this In my opinion if this is pure speculation. You can imagine whatever you want but you must remember that if he will not use whole of his money to invest in the speculative coin that's really volatile. that's the same like bring his life to the speculation. It will not happen forever.
Keep dreaming but i hope you will wake up soon.

Quote from: jrrsparkles on February 13, 2022, 08:57:24 AM

When he shown interest on ethereum? He talked about Bitcoin and highly manipulative over Doge apart from this he didn't talk about any other coins.

At least he owns it. it doesn't matter if he was not showing his interest with ethereum but he bought it. that's more than enough to be considered as a symbol https://www.fool.com/the-ascent/cryptocurrency/articles/elon-musk-reveals-crypto-holdings-heres-which-cryptocurrencies-the-billionaire-owns/

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

It is undeniable that Elon Musk is currently the first richest person in the world because he has several large companies, so there is no doubt that his wealth is quite fantastic. But I don't think Elon can be careless and want to invest all his wealth into the crypto world which is too risky because of its volatile nature. He is a businessman of course he has carefully calculated every step he will take in every investment.

jrrsparkles

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

When he shown interest on ethereum? He talked about Bitcoin and highly manipulative over Doge apart from this he didn't talk about any other coins.

Literally he can't convert his entire network into fiat or whatever he wants because once he started selling his stocks the value will fall which will reduce his networth.

Psynthax

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Then told him to put his money in ethereum without even trying to consider to buy low. This is a non sense thing. Your thread was about a dream that will never happen. Don't you know that if elon has some ethereums in his wallet? he has ever mentioned if he owned some ethereum. That's why what you are saying won't be happening soon. Im sure that if you know about this.
Elon was not so dumb like he will be buying everything and din't care about how much the price that will be bought by him. He was buying bunch of doge coin when it's still at the bottom price.
That's enough to prove if this thing will not happen and this is not so important.

masterrex

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

I don't think it's comparable, But its no doubt that Elon Musk is a super-rich individual, and all his fortune comes from the stocks of his companies real-world mainstream companies like Tesla, SpaceX, Neuralink, The Boring company, etc.

I know that It's a sarcastic example if Elon will put his fortune into Ethereum which is, in reality, it's very impossible to happen, Anyway, I have doubts about Ethereum MarketCap being exactly like that? don't get me wrong but it's not realistic because crypto prices are fluctuating faster than any other assets that's why I never look at that marketcap comparison. Anyway, that was only my opinion.

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Marketcap is valuation for all of tokens that on circulating supply x price of token.

Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

Putting all of his money in ethereum didn't mean if it will be pumping the price of token. if he can buy ethereum at cheap price and why does he need to pump it with his money. Im sure that anyone will not do this. When he bought it and it will not always mean if it will be pumped. what will be happening if he was only putting the wall with his money?
That will not even make the price to go up. the price will still remain the same.

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I think if elon decides investing in ETH with all of his fortunes, and quite literally owns almost 100% of ethereum, I’m sure ethereum will be useless and have price next to zero.
I mean instead of buying it back from elon musk, knowing that ethereum is quite literally owned by them, people could just easily create other version of ethereum, or just move over into a newer smart contract platform like matic.
if it’s shaking the market using his fortune, I think elon could do that, but i’m sure big portion of his fortune is in stock and liquiditing stock could be difficult and it could also go down in valuation.

zonefloor

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This is a completely wrong idea in my opinion. Because the value of this man is based on the assets of his companies along with his personal assets. He can use his property as he wishes. However, he cannot use the assets of his company as he wishes. I passed it, ethereum is already a proven crypto currency, whether it is elon musk or not, and it does not need elon musk. But he can shill a new or any project just by using his name. We've already seen this best on doge. But he certainly does not try to add money to his money by investing money on proven cryptocurrencies.

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

This guy is a wealthy person before even without cryptocurrency, he owns a huge business particularly automotive company that deals with electric motors. No wonder he could use that money to invest much on ethereum or any other potential assets like doge. Last year there's a lot of circulating stories about this coin, but suddenly it just went bearish again because of lots of controversies.

lobo13hf

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Is not it all of his money are still in the stock? i know if this become unrealized profit but he is still rich.

Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Think about how rich this man if he put all of his money on eth it doubles overnight.

Elon didn't even need to put all of money to make the price of ethereum to be doubled. Used billions of money to buy it from the market instantly will be pushing the price of ethereum a lot. This can make ethereum jump so big in a day but i do believe that will never happen.
He was putting a lot of money in doge coin.

Ulven

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it's true that Elon has a lot of money, but on him shouldn't talk about cryptocurrency in general. At least not when he doesn't own any coin.
So why he started talking about Ethereum?
The reason behind this is probably his rocket project on which he said they will use ethereum network to power their rockets.

Quote from: Jating on February 12, 2022, 05:06:06 PM

. A example that a remember is that guy who sold everything way back in 2017 and invest all his money on bitcoin and travel the world with his family. Not sure what happen to him today, but if he had sold last November when we had an all time high on bitcoin then he has more than doubled his money.

the family is now settled in protugal, indeed qn qmqzing story. https://medium.com/@business_40259/the-bitcoin-family-settled-down-in-portugal-for-the-countrys-tax-free-cryptocurrency-policy-75b1ead5911d

Jating

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

It is obvious, but remember that majority of his assets are liquid so no put in investing all in Ethereum.

But I get your point though, investing is really good if you know how to double your wealth in crypto. But it is a big risk that maybe a few can take that risk. A example that a remember is that guy who sold everything way back in 2017 and invest all his money on bitcoin and travel the world with his family. Not sure what happen to him today, but if he had sold last November when we had an all time high on bitcoin then he has more than doubled his money.

tippytoes

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The market value is not calculated on the basis of the cash that a person has or how much money a company has in the safe. The market value is based on estimated calculations, which can often be distorted due to political reasons or the stock market speculation itself. Either way, there is no way that Elon Musk can physically shake the price of Ethereum with his money.

Yes, that is true. Net worth is what is owned minus what is owed. Since we don't know all the figures involved, the market is just giving the rough estimate of the net worth of a person. We don't know all the assets and liabilities of the person even if we say he is a public personality. Not all are disclosed to the public. And do you think, for example, Elon Musk would like to bet all his money to one project? I don't think so. Businessman tends to diversify their portfolio, so they won't allot their wealth into one asset only.

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Quote from: dhru9 on February 12, 2022, 04:39:49 PM

Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

Yes, he's rich and that's for sure. It's a combination of all of his shares from the companies that he owns. But about putting his money on eth. I know it's just an example.
But it's not going to happen, it's likely even going to be in Doge rather than in Ethereum. And that's the better possibility of what might happen.

dhru9

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Elon musk net worth is like the entire market cap of Ethereum.

Think about how rich this man if he put all of his money on eth it doubles overnight.

let me know your opinions.

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