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Author Topic: Bitcoin is now in the race to become the richest in the world  (Read 194 times)
GigaBit (OP)
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January 26, 2024, 09:22:17 PM
 #1

Who are on the list of richest in the world are always powerful. They can even change anything of a country if they wish. They have the power of politics. They may be asked for advice on taking the country forward or on major policies of the country. So we can say they are the most powerful it can be directly or indirectly. Some may think that their attraction is not for getting the power but to increase their wealth. Whatever, It is now not confined to one place but is now engaged in a competitive behavior which will increase as long as the world exists.


Source

It will not be very difficult to guess who can be the most ahead in this competition in the future world. I have been seeing a lot of rich people collecting bitcoin lately and there is a big competition to collect bitcoin among the recognized rich internationally. Now the day is not so far when the top several company owner all over the world will also be defeated by the BTC holder.

Bitcoin is now a weapon with which only he can maintain his power in this space.

I have seen several individuals who are the top bitcoin holders. They are:


Michael Saylor

Justin Sun

Tyler Winklevoss & Cameron Winklevoss

Jack Dorsey

Changpeng Zhao (CZ)

Brian Armstrong.

Jed McCaleb and many others.



In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?

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January 26, 2024, 09:59:06 PM
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 #2

Who are on the list of richest in the world are always powerful. They can even change anything of a country if they wish. They have the power of politics. They may be asked for advice on taking the country forward or on major policies of the country. So we can say they are the most powerful it can be directly or indirectly.
Money equals power. But there's a difference between self-accrued power and SOVEREIGNTY... don't even try to link them to any political or gubernatorial positions except they've been tutored already on that.. what you gotta understand is that - most of those countries you mentioned are already DEVELOPED countries and the rate of intolerance over political curruption is really high.

Bitcoin would certainly reach higher limits than what we've known it to be today... Cus why are the governs fighting to have prior control? It has shown its providence for over a decade and more.

Sandra 🧑‍🦰

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January 26, 2024, 10:11:02 PM
 #3

In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?

Of course Op one way or the other man can hold bitcoin for future use, it also a means of investment for some business men, but not all are capable of doing such.
The way things are going round now, crypto currency has become special and a very attractive source of making cool money.
Not only the business men even though the most countries have fully engaged themselves into it.
Now it is a lesson to us all, if you can make a view from far you can see the most richest men in the world are into crypto racing, still making money not by relying on the whole wealth they are having, what about we should also have that same patience of holding Bitcoin. I think we can also find ourselves on the list one day.
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January 26, 2024, 10:11:06 PM
 #4

There is no doubt that when you've got money, you've got also additional privileges and special powers that every word you say, it's going to be controversial and either be liked or followed by the government where you're sitting.

In the race to become the richest in the world in the future, only  businessman can not get that place.
Cannot? or can?

In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?
As for these business owners, they're not obliged to hold Bitcoins. It's their choice to buy anything they want, be it, assets, investments, businesses, etc. And don't forget about the corporations that have been holdings thousands of Bitcoins and it doesn't matter about being richest in the world because it changes over time.

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January 26, 2024, 11:25:13 PM
 #5

In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?

Net worth is not a very good metric. I can imagine that during the Bitcoin ATH some top holder will get close to the level of the richest people in the world, but so what? They can't liquidate all their coins for that value, and they will probably won't liquidate any big amount and will keep hodling, just like those rich people don't liquidate their stocks.


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January 27, 2024, 04:33:01 AM
 #6


In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?


The idea that one must be a holder of Bitcoin in order to be considered as one of the world's richest and powerful is something that I may not agree...but also may not disagree. Look Bitcoin is an asset in a digital form and its value has skyrocketed in many years after its inception and if one happened to have invested heavily with BTC years ago then certainly this can propel someone to be rich beyond imagination. However, based on the list above, getting involved with Bitcoin is not enough. There are so many profitable assets out there in the world where one can explore and if successful then one can be so rich. In fact, you need money to get into Bitcoin and you need to work on that money before you would have something to invest. One can even go to politics and get rich in the process...this is certainly so true anywhere we go.

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January 27, 2024, 06:05:28 AM
 #7

In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?

A person doesn't necessarily need to be an investor in a certain asset(besides shares in their own company) to be the richest in the world. While having Bitcoin would've helped, these people became on top mainly because they created something huge.

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January 27, 2024, 06:12:38 AM
 #8

An asset does not race with a person to be richer and race with many people to be the richest. Human is poor or rich but an asset is always itself, no poor and rich binds with an asset. This comparsion is wrong because you compare totally different types of things with each other.

You can compare Bitcoin with different assets like Ethereum, altcoins, silver and gold or some companies in marketcap.

https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin is at the 11th rank in marketcap that is very near to Berkshire Hathaway, Meta and Silver.

R


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January 27, 2024, 06:13:03 AM
 #9


In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?

Maybe, but just remember that being a bitcoin investor, you only have to deal with the ups and downs, and bull and bear market. Maybe this bull market, we will those prominent persons making huge gain as they can hit the billion mark. But what happens during the bear market? Obviously their assets is also going to be hit hard by it. So, doesn't manner if there will be a rich as to who will be the richest, in my opinion. Bitcoin is different form of investments that we can't compare to let's say Elon Musk or Bill Gates or whoever is the richest person at this point in time.

R


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January 27, 2024, 06:18:28 AM
 #10

In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?

Net worth is not a very good metric. I can imagine that during the Bitcoin ATH some top holder will get close to the level of the richest people in the world, but so what? They can't liquidate all their coins for that value, and they will probably won't liquidate any big amount and will keep hodling, just like those rich people don't liquidate their stocks.


Bitcoin would get to a phase where it would be relatively stable.

In OP's question,  I doubt it would be possible for them to over take and become the Richest because they holding Bitcoin.
Mind you some of this current Richest men have some stash of Bitcoin
While others are waiting for it to be properly backed to implement them in their business
Business is an opportunity
So a good business man would want some portion of the cake.
One advantage I find your list of potential richest  have would be their relatively low average age.

Holding a Huge amount of money is a method to become one of the richest but not the only method.
The needs Microsoft or Tesla Carter for is different from ones Bitcoin solve. 
We can't tell what the future holds
A company can just come later on and invent an immersive virtual world
That would be Grand breaking.

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January 27, 2024, 06:22:36 AM
 #11

Some of those people in the pictures are as scummy as the guys in the list. Michael Saylor for example is a btc supporter lately but he is not the most mentally stable guy out there. Maybe that’s what happens to a person when he reaches that level of richness because Elon and Bill Gates are also sending similar psychopathic vibes.

Now the question is, how are they going to use their wealth? What are these crypto people gonna do with all that money?

Maybe it is time to colonize the moon?

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January 27, 2024, 06:32:31 AM
 #12

I realized that the people on the list were not the richest Smiley , just a few searches to the rich and secretive families and you will understand what I mean about this game. The competition here is like the players on the football field being paid by the owners, and don't use it to think that they are the leaders.

But the problem is that those who got rich quickly from bitcoin are creating attention from previous generations, and are forced to look to bitcoin as a new way to get more money. But at the end of the day it is still a competitive playing field and not always fair to all, the more capable you are the more dominant you are, and it is unlikely that bitcoin can turn them into champions the wealthiest person by the crowd's standards.









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January 27, 2024, 06:48:29 AM
 #13

I thought of a different thing when I first saw your headline thinking that you wanted to say Bitcoin is becoming the richest in the market capitalization, and I wanted to ask you about gold. Well, that's by the way.

I think you are still overviewing the future, and by doing this, you will make a lot of mistakes. Fine, many will make huge money with Bitcoin and crypto investment, especially if they know how to build good businesses around them, just like the exchanges are doing. But to make so much huge money through cryptocurrency to the extent of making it in hundreds of billions easily as you believe, that is what I am doubtful of.

The billionaire level we see is not so easy to attain and those who are the richest in the world have it hugely in other sectors you might even downgrade. Cryptocurrency will continue to give money but to give that huge money and that fast is what I doubt. Many sectors are there in the financial market before it and have produced billionaires, yet they have done it for a long time, but it wasn't in a single sector of asset dealing as you think.

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January 27, 2024, 06:58:08 AM
 #14



I have seen several individuals who are the top bitcoin holders. They are:




Among people in this list, the only one I know have been quite vocal about crypto and bitcoin is Elon Musk, and I also read that he actual hold some Bitcoin. For the others, I have never heard any of them clearly stating that they own some Bitcoin, even some of them like Bill Gates and Warren Buffet is a non-believer of Bitcoin.

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January 27, 2024, 07:11:30 AM
 #15

In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?
For me yes there will be a higher chances of achieving such title as a rich guy in the future with Bitcoin and a business or other centralized assets hodlings no doubt about that. Diversifying our investments into different asset classes will also give us the chance of becoming a rich guy one day. But if you are a professional trader I think having Bitcoin and crypto assets alone will make you rich in just a couple of months or years compared to having the stable assets.

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January 27, 2024, 07:33:10 AM
 #16

In the race to become the richest in the world in the future, only  businessman can not get that place. In addition to being a big business owner, one must hold bitcoins. Do you agree with the statement?
A person doesn't necessarily need to be an investor in a certain asset(besides shares in their own company) to be the richest in the world. While having Bitcoin would've helped, these people became on top mainly because they created something huge.

To help GigaBit  and others understand the last sentences of mk4, below are some of the "huge things" created by the "so-called bitcoin billionaires before   they became bitcoin billionaires. In fact it was this companies they founded and products they created pre-bitcoin that helped to invest and accumulate so much bitcoin.
Michael Saylor: Michael Saylor founded business analytics software firm MicroStrategy in 1989.

Tyler Winklevoss & Cameron Winklevoss: The former Olympic rowers are best known for accusing Mark Zuckerberg of stealing their idea for a social network. They used some of their $65 million legal settlement with the Facebook CEO to start stockpiling Bitcoin.

Jack Dorsey: Dorsey cofounded Twitter in 2006 with Ev Williams, Biz Stone and Noah Glass, and was CEO until 2008. He returned in 2015.

Changpeng Zhao (CZ): The Chinese-Canadian coder cut his teeth building high-frequency trading systems for Wall Street's flash boys.
Zhao founded Binance in July 2017, raising $15 million through an initial coin offering.

Brian Armstrong: A former Airbnb software engineer, Armstrong cofounded Coinbase in San Francisco in 2012 with former currency trader Fred Ehrsam.

Jed McCaleb: Before entering crypto, McCaleb created the file-sharing service eDonkey2000

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January 27, 2024, 07:35:52 AM
 #17

The richest people in the world have quite a good reputation in a government and easily control political tools in a country, to keep their business existing rich people will take opportunities in government to keep their business running smoothly and make money and profits. Just like the richest people in my country Indonesia, they entered the world of politics to keep their business profitable in the future without get other compete exactly from other country want to be investor here.

For bitcoin holder I think has chance to be rich person in the future but need main business without prefer source income from cryptocurrency, more completed when businessman have investing in bitcoin when their profitable hold in cryptocurrency and take benefit in the future with drastically higher price.

I have dreaming to be richest person one day later to help many poor people need work and home for leaving.

R


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January 27, 2024, 12:17:36 PM
 #18

The richest people do have a lot of power and can influence politics, but I think it's a vast overstatement to say that they can change anything they wish to change in a country. Also, they aren't the most powerful in a country, unless a country has a very weak political system. There's the president, the prime minister, institutions like the parliament, which are likely to be more powerful than rich individuals.
Now, I've checked the net worth of all the individuals listed by the op. They're all billionaires, but the amount is usually less than $5 billion. CZ is an exception with $15 billion, but he might lose a lot because of criminal investigations. In any case, all the top-10 have over $100 billion net worth, so none of these are even close yet.

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January 27, 2024, 12:21:21 PM
 #19

The richest have influence and are very powerful but one thing you will note why they are ranked the richest is because they build something i.e a brand, a business or an invention etc. not base on having money alone.

I think acquire or Hodling BTC will increase Net worth especially as the prize  increase and value gain. It is worth noting that BTC hodlers will do well in the nearest economy. This s just my perspective.
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January 27, 2024, 12:25:28 PM
 #20

This is not surprising to me ever since I noticed that bitcoin is more profitable than many investment asset on ground, you can as well see the way it has been increasing in adoption each day by day, market cap market price and volume were all something good to talk about, even so many countries that had a difficult time in allowing bitcoin for use are now in support of it for their citizens to take advantage of, things were really going well with the network and you can consider the numbers of world prominent investors that are involved in the use of bitcoin as an investment or asset and payment currency.



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