Bitcoin Forum
June 23, 2024, 04:23:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: When will satoshi become the worlds wealthiest person(s)?  (Read 655 times)
bitcoinsrus (OP)
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
June 17, 2014, 03:47:33 PM
Last edit: June 17, 2014, 05:59:07 PM by bitcoinsrus
 #1

As of march 3rd 2014, bill gates is currently the wealthiest on the forbes list (76 bn)
http://www.forbes.com/sites/abrambrown/2014/03/03/forbes-billionaires-full-list-of-the-worlds-500-richest-people/
(assume this is true for this posts purpose)

Lets assume Satoshi holds (only) 1 million coins. Currently around $600,000,000 (600 mn)
(Assume gates and everyone elses wealth stays the same)

76.01 bn / 600 million = 126.6834 times richer.

126.6834 times 600 (price per btc around) = 76,010 per btc
When will this happen? (I know math is probably off)

if 0 - 6 mnths = 2500 - 5000
1yr - 1.5 yr = 12,500 - 25,000
2yr - 2.5 yr = 62,500 - 125,000

My guess is 2 - 3.5 yrs?

Any comments appreciated (I know numbers and guesses are probably off)  
JimboToronto
Legendary
*
Online Online

Activity: 4046
Merit: 4603


You're never too old to think young.


View Profile
June 17, 2014, 04:06:23 PM
 #2

Those on the Forbes list are hardly the world's richest.

They don't even mention the Sultan of Brunei, Queen Elizabeth or the Rothschilds.

As for the original question, if the price of a bitcoin ever reached $1M, Satoshi would be (a) trillionaire(s), and probably still not make the Forbes list.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!