Thursday, January 20, 2022
Home Crypto News Market Can Bitcoin Make Michael Saylor The World's First Trillionaire?

Can Bitcoin Make Michael Saylor The World’s First Trillionaire?

- Advertisement -

Can Bitcoin Make Michael Saylor world-first Trillionalirre? Isn’t that an intriguing question?



Although Michael Saylor is way behind, with just 2.6 billion dollars as net worth, he is the only one who is betting all of his stakes on Bitcoin, converting every dollar he can, hoping that BTC will become one of the currencies most used than any other.

Saylor as a trillionaire

Image source: Protos

A study by Protos tries to assess how Michael Saylor can become the world’s first trillionaire thanks to his investments in Bitcoin.

In addition to having bitcoin in his own portfolio, around 17,732 BTC, Saylor is also betting heavily on Bitcoin through his company, MicroStrategy which currently holds 121,044 BTC.

While Saylor lags far behind in the world’s first trillionaire race, with other billionaires being much closer to hitting that mark, it’s possible he will outpace several other billionaires as his company continues to buy more Bitcoin that continue to increase in value.

For Saylor to be the first trillionaire in the world he must run against time. It is expected that Musk or Bezos will become the first trillionaires before 2026.

Bitcoin aside, Saylor maintains a 23.7% stake in MicroStrategy, which roughly works out to be $1.25 billion after accounting for the company’s debt (he controls 70% of the voting power, however).

 

Proto’s report says that for Saylor to outrun all billionaires, BTC must rise to $728,600 by 2025, increasing its value by 13 times, MicroStrategy also needs to continue accumulating satoshis. To be more exact, the company needs to have 5,135,544 BTC in cash, about 42 times more than it has today, for Saylor to become the first trillionaire.

If the above conditions are met then according to the report, in 2025:

MicroStrategy would itself boast $3.87 trillion in market value. It would likely be the largest publicly-listed company in the world.

Saylor’s stake in MicroStrategy, if left unchanged, would hit an enormous $916.9 billion.

Saylor’s personal assets, presumed to be made up of yachts, real estate, stock, and the like, were also appreciated in this time.

Overall, we calculated Saylor’s personal assets (outside of his Bitcoin and MicroStrategy shares) would be worth $75.4 billion by August 26, 2024 – up from around $326 million today.

Saylor’s Bitcoin would’ve grown to $12.9 billion. This brings his fortune beyond $1 trillion.”

Will he be able to become the world’s first trillionaire or not, but we can analyze that Saylor made a good choice so far. Michael Saylor himself said: “If I Had Chosen Gold Instead Of Bitcoin Last Year, It Would Have Been A Multi-Billion Dollar Mistake”

Read More On Michael Saylor:

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Central Bank Of Russia Proposes A Ban On Cryptocurrency Use And Mining

The Central Bank of Russia (CBR) issued a consultation paper on Thursday entitled 'Cryptocurrencies: Trends, Risks, and Regulation', whose primary focus is to influence...

Fox Business Journalist Says SEC legal Team Declared Ripple (XRP) Non-Security In 2018 So What Changed In 2 years?

Eleanor Terrett, a Fox Business journalist, recently questioned the ongoing lawsuit between the SEC and Ripple. window.coinzilla_display...

Michael Saylor Reaffirmed After BTC Drop From $69K to $40K That Neither He Nor His Company Will Sell A Single Satoshi

Michael Saylor, again affirmed that neither he nor his company is going to sell their bitcoin holdings. ...

After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.

Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Shiba Inu cryptocurrency holders woke up and smelled roses, and it's all thanks to Microsoft as the company prepares its new acquisition of Activision.

Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Coin market cap (CMC) has just released its “Top 10 Most Viewed Crypto Coins” list for Europe. The list is released by CMC based...

Another Memecoin Trending On Twitter With 690T Supply

Twitter has become one of the main discussion points about cryptocurrencies. Recently, a cryptocurrency has been trending, looking like a bizarre project, the Shibnobi...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.