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Monday 22 February 2021

Overtake Elon

The prospect of overtaking the new richest man in the world seems so impossible, his financial rise so untenable, however if you just consider bitcoin and what percentage of your wealth you have in it, you may just be able to ti catch up or get ahead of him. If bitcoin takes over everything, as it seems to  continues to do, then at some stage, all that matters is your satoshis.

Right now we could assume that all Elon bitcoin is in Tesla where they recently bought 1.5 billion worth, approx. 42,000 coins (less than micro strategy have bought for half the money just months before). Elon owns 20.7% of Tesla and that is pretty well his whole net worth at 150 billion. So we can say he has about 1.5% of his net worth in bitcoin. To catch up to him you just need to put more than 1.5% of your own in. To overtake him you just need 630 bitcoin, its a lot but its not so far as the hundress of billions of usd.

If you act now bitcoin can close the wealth gap and bring us closer together. 

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