Can bitcoin make someone the richest in the world?

[0t3p0t]

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Anyone can be a rich one on any field depending on the effort and strategy they devote to it. Bitcoin actually made some peoples fortune changed. Fiat and any other assets do the same.

[btctalk123]

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Anyone can be a rich one on any field depending on the effort and strategy they devote to it. Bitcoin actually made some peoples fortune changed. Fiat and any other assets do the same.

not the same I know people who bought btc with a few thousands of $ and then sold and bought a few houses now living almost free

[Kittygalore]

Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.

Well in terms of the amount then we can consider someone the richest in the world. For example, satoshi could be the richest person if bitcoin were to hit 100k USD, but that will be far fetched because satoshi never sold the coins but right now, holding more than what satoshi owns is very difficult. And for the record the richest man of all time is not Elon Musk, that would just be the 1/10 of a scale for that person and that is Mansa Musa, the king of Mali Empire where he is so rich that he made an artificial inflation because he is buying a lot of souvenirs on his way to Mecca.

[ololajulo]

A rich person can invest in bitcoin but to make someone the richest in the world, it is possible but if you'll make it like that, there are a lot of other contenders if that's the category. Making someone rich through bitcoin is possible. Going with the plain category of making someone rich through bitcoin, this is much better to say because the richest people have their own technology that made them part of the richest. Zuckerberg, Bezos, Gates ,etc.

The interesting thing about the anonymous coin is the confidentiality of your wealth, your neighbors may not know your worth if you are the conservative type. Speculations in cryptocurrency states that 150k value of bitcoin will give more than half of the world billionaires. I think if the top coins can stay above trillion of dollars in coming months there will be more wealthy cryptocurrency traders.

[torrantz]

Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.

in my opinion,the only chance of bitcoin making someone becomes the richest (by only investing) is once almost all of the people around the world already adopt bitcoin as payment method. By that the value could significantly increase and therefore also increase many of bitcoin holders worth.
Other than that, the only possible way is to create crypto company that generates revenue so big it competes with amazon, google or the likes but that also depends on cryptocurrency adoption aswell.

[Renampun]

*This is still a debate in economy class...
You could say Bitcoin is able to make someone the richest in the world but Bitcoin is still not recognized by the world government so it will be difficult to make claims. If we agree with Satoshi is the richest man because of his ownership of many Bitcoins then what about other crypto owners such as Vitalik, CZ, and Justin Sun.

[maculeth]

possible, although the probability is only 7%. if someone bought the entire supply of bitcoin in 2009 and sells it now when the price goes up to the moon, wouldn't he have brought a lot of money? 

that sounds funny, because there are so many platform owners and big world entrepreneurs who occupy that position.

[bryant.coleman]

Does anyone know how many coins are owned by the Winklevii now? At one point, they were holding around 150,000 BTC. At current exchange rates, that would be close to $6 billion. For them to become the world's richest, Bitcoin prices need to rise by around 34x. Other large-scale individual holders include Garvin Andresen and Roger Ver. Both of them own more than $4 billion in BTC.

But the largest individual owner has to be Satoshi Nakamoto, and his stash is estimated at somewhere between BTC980,000 and BTC1,200,000. As per the current exchange rates, this stash would amount to $38 billion to $47 billion. Still a long way behind Jef Bezos ($195 billion).

[7788bitcoin]

You could say Bitcoin is able to make someone the richest in the world but Bitcoin is still not recognized by the world government so it will be difficult to make claims. If we agree with Satoshi is the richest man because of his ownership of many Bitcoins then what about other crypto owners such as Vitalik, CZ, and Justin Sun.

You do not need a government to recognized to become a million when you book your profit. If you were lucky enough to invest in bitcoin during the initial years and then have the patience to hold the coin for a very long time, then you could become a millionaire and there are many that made millions in the cryptocurrency market and then are a exceptional few that made billions.

[Pasnik]

Of course yes they invest in bitcoin and manage it properly and now they are rich,some of rich are not totally have more bitcoin they not only invest in one but in many investment platform.As long you know to manage your money you will be rich in your own way. Look elon musk he have a small of amount of bitcoin but if you see his one of richest people.

[MyCryptoDomains]

Maybe not bitcoin but cryptocurrency tech in general?

[mano786]

A rich man can invest in bitcoin yet to make somebody the most extravagant on the planet, it is conceivable however on the off chance that you'll make it like that, there are a lot of different competitors if that is the class. Making somebody rich through bitcoin is conceivable. Going with the plain class of making somebody rich through bitcoin.

[Alucard1]

Fiat currency is still dominant over bitcoin and it will never be changed even in the future because the government won't still accept cryptocurrency and besides some countries are looking for bitcoin to get lost but it will never happen.
Being rich with the help of bitcoin is quite possible, imagine if you bought bitcoin way back in 2017 and hold it until now then for sure you are now rich especially if you bought a big amount of bitcoin.

[geegaw]

Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.

Indeed, a new and risky field, that turned out to be a tough challenge and restrained many from being the richest through bitcoin, but most recently Tesla reported investing over a billion dollars in bitcoin, the big bosses have started to notice, the price of bitcoin has skyrocketed, although I cannot say anyone will be richest with bitcoin but I can say many people are getting rich with bitcoin, Bitcoin created more rich people. However, perhaps many people will not disclose their finances with bitcoin as this is still an area where governments want to control and establish taxes.

[saffira]

Almost all industries or businesses used fiat money. If they will use bitcoin, not all people will be their customers. Also, the volatility of bitcoin can affect businesses. Bitcoin also has limited supply, it may help us to become rich but not the richest man.

[bosede1]

I don't know about the claim of becoming the richest in the world with Bitcoin but I know that Bitcoin can make you rich. To become the world richest you should know that your investment must worth your aim of becoming the richest.

[ninabobo]

Obviously yes they put resources into bitcoin and oversee it appropriately and now they are rich, a portion of the wealthy don't thoroughly have more bitcoin they put resources into one as well as in numerous speculation stages. As long you know to deal with your cash you will be wealthy in your own specific manner. Look Elon musk has a modest quantity of bitcoin however in the event that you see his probably the most extravagant individual.

[velive08]

if someone is the richest person in the world it is impossible, because bitcoin is only limited to buying and selling without any development. but if you make the poor rich because bitcoin is there and real.
remember being the richest person is not as easy as having 1000 or 2000 bitcoins. You are required to always make innovations and developments according to the year like what Elon Musk did with his company's products. this is so amazing.

[natalia stark]

it is true that bitcoin can make someone the richest man in the world but it is also a risk because the whole network is base on the internet and no one can trace the money back to you.
I can easily say it is worth the risk but do not invest everything in it unless you have nothing else. bitcoin can sustain your life for the time being like nowadays market is good. what if the bubble burst then what will you do if you need money?

it is safe but risky and life is all about taking big risks so....

[3meek]

One might consider the example of the Winklevoss brothers... They once invested a large ($11M) amount in bitcoins! And now they are billionaires... And such a story is not the only one in the bitcoin era!