Quote from: btc78 on July 17, 2025, 03:07:43 PM

Quote from: krishnaverma on July 17, 2025, 02:45:20 PM

Currently, person with highest amount of bitcoin in the world is Satoshi Nakamoto and he is the 12th richest man in the world. Can his number one spot be taken by some other person anytime soon ? Who can be that person to replace Satoshi ? Elon Musk ?

why would elon musk replace the 12th richest man when he is already the richest man? and satoshi may not buy any more bitcoins but since bitcoin's value keeps increasing satoshi will get richer and richer so this highlights the importance of holding

He wasn't talking about replacing Musk replacing Satoshi in terms of Net Worth but in terms of Bitcoin held. The 1m Bitcoin Satoshi holds is worth about $120 billion right now. Elon musk Net Worth is $410 billion right now so 1m BTC is less than 1/3 of his net worth. But if Musk tried to buy 1m BTC it would make the price skyrocket and then he probably couldn't buy 1m BTC even if he spent his entire $410 billion net worth on it.

But of course people buying massive amounts of btc don't buy straight from market they buy it otc and from other parties that are already big holders. So the question is could someone find enough large private holders on BTC that are willing to sell? And would the total amount of btc from those private holders willing to sell total over 1m btc? It's unlikely but not completely impossible. We've seen cases where governments have sold over 100k in single auctions and other instances where private holders have sold large amounts. If someone were to focus on all these large individual sales over a period of years I think it's actually possible they could pull it off.