There are billionaires who own BTC, but are there billionaires thanks to BTC ? I don't mean owning enough BTC to be a billionaire, because that is being a 100thousander in BTC, I mean having sold/traded/invested enough BTC into $ priced assets and companies to be a billionaire, starting with nothing but BTC ?
It seems to me that a more salient point would be that a lot of folks got rich as fuck from BTC (and admittedly from the various pump and dump shitcoins, too).. but anyhow, let's stick with bitcoin for this discussion.. especially since we are in a bitcoin-focused thread.
We do not need to ONLY look at billionnaires because if we were to focus in that kind of way, we would be limiting our pool BTC investors who got fucking rich as fuck and largely from bitcoin.
I am NOT proclaiming to know exactly where "rich as fuck" status begins, and I think that in this thread we referred to it as "filthy rich" status on several occasions...
Nonetheless, let me attempt to make some kind of distinction between 1) fuck you status, 2) filthy rich status and 3) billionnaire status in order to attempt to cause any discussion of billionnaires (to the extent we give any fucks about them) to become more of a meaningful measuring guideline in terms of how BTC might have either got them to such status, assisted them in getting to such status or put them on a road in which they are likely to get to such status in the "near future" (aka soon
tm).
I personally believe that three status above are on also on a spectrum of subjectivity, so fuck you status is much more subjective than billionaire status, yet in any event, I am going to try to put price ranges and a bit of a descriptive on each of these statuses.
1)
fuck you status = that would be having a starting point networth of anywhere between $100k and $10million, and of course, is a kind of status that gives options, so if a guy is able to live within his means with a networth of $100k and does not have to answer to anyone or worry about how to spend his time and feels that he is getting sufficient passive income and insurance from his $100k networth, then he has reached fuck you status... Personally, I am thinking that around $2million networth more objectively brings any guy to fuck you status because it allows for a passive income of about $6,666 per month, which I believe objectively brings a guy sufficient flexibility anywhere in the world to proclaim fuck you status, even though I do understand how guys might argue higher and lower thresholds for the reaching of such status.
2)
filthy rich status = that would be having a starting point networth of anywhere above $40million, and surely lots of this assessment of degree of filthy rich is relative, and of course, the more networth that a guy/gal has, the more filthy rich s/he is.
3)
billionnaire status = that would be having a starting point networth of anywhere above $1 billion. Sure there are various levels here, too, but surely is a decently small pool of people, and likely there are some people who are very close to reaching billionnaire status, that could live a lifestyle very similar to a billionnaire, even if technically they have not yet reached such officially billionnaire status.
Anyhow, part of my point in attempting to make these distinctions is that I believe that we lose sight of the POWER of either the wealth creation of bitcoin or the wealth redistribution aspects of bitcoin if we merely focus on billionnaires and whether they are actually at billionnaire status or if they had achieved their billionnaire status from bitcoin including how much of their wealth is in bitcoin as compared to being allocated in some other assets.
I don't necessarily feel that I need to attempt to beat this horse to death or to analyze these proposed categories in any further detail in order to highlight that there are all kinds of variations in terms of what wealth status that any individual, institution or even government might have, including being in one of the above categories and including interesting aspects and variations regarding how much of their wealth is getting allocated to bitcoin, going to be allocated into bitcoin or had already been allocated into bitcoin.. including current or future ramifications of such BTC allocation choices.
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