Bitcoin Forum

He holds 140 000 BTC at this point. Nearly 1% of all BTC in circulation at the moment belongs to his company Microstrategy

If the monetary system collapses within 10 years and BTC ever reaches 10 million dollars, he will have a net worth of 1 400 000 000 000 USD. Aside from his other assets that I'm not aware of.

He would be the first trillionaire and surpass Elon Musk/Bernard Arnault 5 times. But in terms of intrinsic value this may not be true. It depends on what happens to the value of their companies and assets.

I wonder what will happen to Saylor while BTC is on the rise. Because of his fame, he can't stay under the radar. It would not surprise me if the US government comes knocking on his door, demanding to confiscate his BTC "to protect the monetary stability". Or they develop prison sentences for known holders of BTC. In that regard he reminds of Jack Ma, the richest man in China who disappeared for months and was supposedly forced to sign off the rights of his company Alibaba.

I believe the future is bright for BTC, but anonymity will be key when banks and governments launch their attack on DeFi

He doesn't own those coins, Microstrategy does, and Saylor has only 16% shares of MicroStrategy!
Back to the drawing table!


If the monetary system collapses then there are two possibilities
- 10 million dollars will buy you a lollipop
- nearly all the wealth in the world will be destroyed, making it impossible for BTC to have a market cap of 210 trillion.

You can't have the cake, eat it, and also throw it in somebody's face at the same time!  ;)
So let's stick to the scenario where Bitcoin is reaching 1 million without any apocalypse!

Cool story bro! Not only he will be the richest man in the history of mankind, but in the entire multiverse. Lol.
Well before bitcoin reaches 10M I should double down grinding on finding some puzzle bitcoins.😉 I will be the second richest man.
And Satoshi could keep on holding over a million BTC, gold hoarding dragon!
 ~I the people.

In addition to him not actually owning the "nearly 1% of all BTC in circulation," he'll probably go to jail first:

https://www.coindesk.com/policy/2022/08/31/washington-dc-suing-microstrategys-michael-saylor-for-tax-fraud/

https://blockworks.co/news/bitcoin-michael-saylor-tax-evasion-lawsuit

He's a sociopath fixated on satisfying the whims of his own ego. A lot of beta bitcoiners look up to him as a role model, which is unfortunate because he's not a good person.

https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

Plus he couldn't give less of a shit about the principles on which bitcoin was founded... he represents nothing more than an insane level of greed which should not be emulated by anyone.

"Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that... People with billions of dollars don’t want to invest in crypto networks that support anarchists."
- Michael Saylor (https://www.btctimes.com/insights/michael-saylor-on-bitcoins-next-billion-hodlers)

Microstrategy holdings are equal to about 0.667% of Bitcoin's maximum supply. 

Let's not leave by assumption and procrastination. Bitcoin doesn't need the monetary system to collapse before it can hit $10,000,000. What's the point of having a trillion dollars when its value is below a current $100 note? And even if that happens, don't you think other stocks' prices will also increase because fiat has been devalued and needs more of it to meet its current value? Your assumption creates no possibility of Michael Saylor becoming the first trillionaire, even if he were the owner of the entire Bitcoin holdings of Microstrategy.

Let's not forget this (https://twitter.com/saylor/status/413478389329428480):
https://i.ibb.co/Kztjn13/62131794.png

Everyone becomes a believer when they smell the cash, just as how when there is no more money and no possibility of a get rich quick scheme they will be the first to betray and stab you in the back. But seems like the community needs a Bitcoin Jesus desperately, too bad they are selecting the worse of the worse.

I don't know why people have wet dreams about it. They only see one part of the big picture, the part that suits them best. If the monetary system collapses there is going to be pain, a lot of pain, and if you have a lot of Bitcoin or money in general it better not be noticed.


Well, the tax issue will have to be looked at I didn't know anything about it. If he goes to jail, I'm not going to cry, but I'd better wait for the sentence, and the settlement without admitting any wrongdoing doesn't tell me anything either, there are people who admit a minor penalty without guilt to avoid a small probability of a serious penalty.

If anything, I had a better idea of him at first. After a while I realized that those messages he throws out to the masses along the lines of "mortgage your house to buy Bitcoin, borrow from everything to buy Bitcoin", are insane.


This. Wasn't the former Bitcoin Jesus McAfee?

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.

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

MicroStrategy Bitcoin holding statistics (https://buybitcoinworldwide.com/microstrategy-statistics/) and role of Michael Saylor as a Executive Chairman since August 2022 (https://www.microstrategy.com/en/investor-relations/executive-team/michael-saylor)

Surely not.

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The rest is unnecessary to discuss with incorrect starting information.

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).

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.

https://y.yarn.co/596a543a-1947-465e-add9-969f8553c0be_text.gif

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.

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.

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.

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.

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 :D
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.

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

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.

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.

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.

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.

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

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.

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.

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.

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

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

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.