Topic: Will Michael J Saylor become the richest man in the history of mankind? (Read 224 times)

If we think logically, if the monetary system collapse, then there isn't be fiat standing on an economic system which means we can't compare BTC with USD, EURO, YUAN or another fiat, which means BTC=BTC. We can able to compare BTC with goods, foods, houses, gold, and others. A question, have Saylor become rich?, I don't think so, because we still have Satoshi and others (anonym) who have Bitcoin more than Saylor.

if dollar inflates. and lets say that $10m/btc per btc becomes quickly in range due to inflation..
.. then you should base btc on a "loaf of bread" purchase sum

EG todays $28k can buy 20000 loaves of bread.
a $10m btc due to USD inflation wont buy equal sum of 7.2m loaves of bread. it would be less than this

EG since last year things have changed by 10%
meaning a $15.5k btc was 12400loaves
this years 12400 loaves is $17.4k

Because government debt is completely out of control, and rising.


Indeed, not in the last 50 years and not in your lifetime. But many times throughout history. Ray Dalio is a multi billion dollar hedgefund manager, but also a historian of finance. His analysis of the global situation right now, and the parallels with the 1930s, is quite remarkable and interesting to listen to. I could link it here but you can easily find it if you want to. The current world order was set after WWII with the US dollar as the global reserve currency. There is a need for dollars because petrol was sold in dollars across the globe for many decades. That is ending right now. The entire world is dumping the US dollar. BRICS nations are joining forces. The debt is spiralling out of control. Higher intrest rates will not calm that down. There is a global conflict and there are new rising powers. It's just like 1940 all over again. That also ended in the Weimar hyperinflation.

I don't believe that the great reset is a conspiracy theory. But time will tell


I believe this is mainly because most people are still not convinced that BTC will survive all threats of the banks and the government. Not so much because of inflation. I know quite some people who run to gold because it is more familiar

He’s positioned himself extremely well for future price rises in bitcoin. I think he’s a very smart guy & he can see what is coming with traditional finance, money markets etc.

He’s taken a big risk going so deep down the rabbit hole with bitcoin but I think it’s a risk that will pay off & pay off handsomely.

I think he will become one of the richest men in the world, yes.

I'd like to see from my spirit plane every other currency estimated in Bitcoin. Moneychangers having every single forex paired with BTC. Of course, by that point, the same satoshi can buy the same loaf of bread over the span of several hundred years.

If we still eat bread by then and moneychangers still exist, that is.

Why would monetary system collapse? This didn't happen in the last 50 years. The people who are waiting for that to happen - the goldbugs, libertarians, marxists, bitcoin maximalists - they all sound like a doomsday cult.

Also, the idea that Bitcoin will benefit from a global economic disaster has been challenged. Inflation is high right now, yet Bitcoin is not in a bull market. It was in a full-swing bear market in the last year when inflation was the largest.

Therefore I would like to see valuation estimates of BTC in gold, for the future. We should only value commodities versus other commodities, rather than debased currencies. Because it means nothing

140,000 BTC? Pffft, that's chump change. I personally have at least twice that much tucked away in my sock drawer. Who needs silly things like financial stability and responsible investing when you can just throw all your money into a volatile and unregulated asset with no inherent value?

And don't even get me started on this whole "intrinsic value" nonsense. Who needs value that's intrinsic when you can just slap a fancy-sounding name like "DeFi" on something and watch the profits roll in? It's like the Emperor's New Clothes, but for finance!

But let's be real for a minute. We all know that anonymity is key when it comes to dealing with banks and governments. I mean, sure, they might develop prison sentences for known holders of BTC, but what's a little prison time when you've got all that sweet, sweet imaginary money to comfort you?

So yeah, I'm sure Michael J Saylor will become the richest man in history. And hey, if he ever needs someone to join him on his throne made of Bitcoin, I'm just a DM away.

It is clearly stated on that the 140k BTC is own by Microstrategy and not only Michael Saylor so any discussion further about Saylor being the world's richest man when Bitcoin touches 10m per piece is statistically wrong.

  Any Valuation of Bitcoin in fiat currency will be worthless once the monetary system collapses.  So I'd rather see Bitcoin @ $500k with very strong global economy than $10m in an apocalyptic era.


Nothing to discuss because the given statistics are already proven to be wrong.

Yeah accurate. And for them to be the richest in the world, the market cap of Bitcoin would probably have to be around $20T at least. Which means approximately a $1m/coin BTC. Certainly within the plausible BTC ranges. I think $3-5M is semi bullish and getting to 10m+ starts getting a little loony but possible especially under certain constraints like hyperinflation.

But all that to say that yeah, big BTC players may control a lot of wealth in the future on the global scale.

From what i understand from the reports that were published earlier Michael Saylor holds around 17k BTCitcoin, Tim Draper purchased a whole lot more than him during the Silk road auction, no idea whether he is holding those coins still and Winklevoss Twins have a much bigger bag of 70k BTC, so if holding the most BTCitcoin would make anyone the richest then Tim Draper and the Winklevoss Twins will be the top holders.

The company Microstrategy then. I adjusted the OP. Also keep in mind that of the maximum 21 million BTC, a significant amount of keys have been lost.
Owners pass away.. This one says that 4 million coins are irreversibly lost, which makes BTC even more scarce and significantly drives up the price.

I don't know if the hypothesis of owners going to prison has an effect on the price. If those coins are taken out of the market, then yes. If they just get a new owner (the government) I'd say no.

https://originstamp.com/blog/how-many-bitcoins-have-been-lost/#the-estimated-number-of-bitcoins-that-have-been-lost

Well, even though in this case what you said about Michael Saylor is true, on the other hand, we also know, of course, that the money he bought was not entirely personal money because it was money from their company.
On the other hand 10 million in 10 years, it's so cool to be able to predict well like this
Well, even though in this case I have never doubted bitcoin, but on the other hand, we must also be aware that what we need to have besides hope is realistic.

I think there is already a lot of pain now due to the fed raising rates. Lots of young people have taken cheap loans for overpriced houses.
As mortgage rates go up, housing prices should come down. So if they default on payment due to the inflation, they have to sell their properties at a big loss.

Twitter is full of those crazy believer not only to Saylor but even with CZ that obviously just wearing a sheep skin while doing their personal business behind. They are the time bomb of cryptocurrency that ready to explode anytime once they bust.

Trust in crypto once again will be broken once this actor got busted but this essential for us to have a healthy run again without this clown that using Bitcoin to for their personal. I never trust anyone in crypto space, Anyone that badly preaching something to encourage everyone to invest is surely hiding something that will benefit themselves.

It is a completely thankless task to look into someone else's pocket, and if I were you, I would be more worried about my door, which your government might knock on. Sooner or later it will want a piece of your investment.

The richest corporations are already almost like small states within states. With a good turn of events, companies like Microstrategy, which own 1% of all BTC, can become very, very influential and strong.

The USA is not China. Comparing USA with China is not acceptable, because in the USA the laws work a little differently.

Anonymity (actually pseudo-anonymity), confidentiality and privacy of BTC is a very big question in the future.

I suppose its just a natural human tendency to look for leadership, someone to help bring order and structure to an otherwise very chaotic existence. However, bitcoin's libertarian roots stress the importance of self-determination and basically being able to think and act on one's own authority... not beholden to ideals imposed by others.



Saylor is still unironically a cult of personality for Bitcoin Bros. I personally find him to have the appeal of a root canal but to each their own.

Who will know in the future, but the number of bitcoins held by microstrategy is not so large that it can make him the richest man in the world, if by only relying on bitcoins as a calculation of the number of wealth assets then if anyone holds more than 1 million bitcoins  then that person will become the richest person in the world (seeing the potential for bitcoin to pass through ATH and create new ATH continuously).

You read it right, Micro Strategy owns those bitcoins, not only Michael Saylor.

MicroStrategy Bitcoin holding statistics and role of Michael Saylor as a Executive Chairman since August 2022

Surely not.

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The rest is unnecessary to discuss with incorrect starting information.

Definitely an interesting situation with Michael Saylor holding such a significant amount of BTC. If the monetary system were to collapse and BTC reaches those high valuations, it's true that he could potentially become the first trillionaire.

So, like you mentioned, the intrinsic value of other major players like Elon Musk and Bernard Arnault would depend on their companies and assets. As for the risks Saylor might face while BTC continues to rise, I agree that it wouldn't be surprising if the government tries to intervene in some way.

Example, look at the case of Jack Ma, who faced intense scrutiny from the Chinese government. However, it's hard to predict exactly how the US government would handle the situation.