Benzinga - Elon Musk, widely recognized as the richest person in the world, holds a prominent position as the CEO of Tesla and SpaceX.
What Happened: Given Musk's fascination with cryptocurrency, the question arises: Just how much Bitcoin (CRYPTO: BTC) would one need to amass in order to rival Musk’s astronomical net worth?
While the volatile nature of Bitcoin prices makes it challenging to pinpoint an exact figure, we can still provide an assessment based on present valuations.
At present, Musk’s estimated net worth exceeds $247.2 billion, as per Forbes, positioning him as the richest man of 2023. Assuming the value of Bitcoin stands at $28,292.90 per coin, we can calculate an approximate number of Bitcoins required to match his wealth by dividing his net worth by the Bitcoin price.
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Why It Matters: By dividing $240.7 billion by $28,292.90, we find that one would need to possess approximately 8.51 million Bitcoins to achieve a comparable financial standing as Musk.
However, it’s important to note that the supply of Bitcoin is finite at 21 million coins. With only 1.54 million Bitcoin left to be mined. This finite supply, suggests that Bitcoin’s price would need to experience significant increases for an individual to ascend to the same level of wealth as Musk.
Photo Courtesy: Pixabay
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