Could Michael Saylor Surpass Elon Musk in Wealth with Bitcoin Surge?
Elon Musk's Wealth Eclipsed By Michael Saylor? Bitcoin Maxi Says It Could Happen If BTC Hits This Level — Here's The Fuller Picture
Benzinga
Image: Benzinga
Samson Mow, a cryptocurrency expert, predicts that Michael Saylor, Chair of Strategy Inc., could surpass Elon Musk as the world's richest person if Bitcoin reaches approximately $4.2 million. Saylor's effective exposure to Bitcoin totals around 98,800 BTC, which would need to be valued at $850 billion to exceed Musk's wealth, currently estimated at $839 billion.
- 01Michael Saylor holds 17,732 BTC personally and has a 9.9% ownership stake in Strategy Inc., which owns 818,869 BTC.
- 02Samson Mow estimates that Saylor's total effective exposure to Bitcoin is 98,800 BTC, combining his personal holdings and his share in Strategy Inc.
- 03To surpass Elon Musk's wealth, Bitcoin would need to reach approximately $4.2 million per coin, based on Mow's calculations.
- 04Critics, including analyst Willy Woo, argue that Mow's calculations do not account for Musk's potential wealth growth from future projects like SpaceX and Tesla.
- 05Tesla currently holds 11,509 BTC, adding another layer to Musk's wealth that Mow's projections overlook.
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Samson Mow, a veteran in the cryptocurrency space, has projected that Michael Saylor, the Chair of Strategy Inc., could potentially overtake Elon Musk as the world's richest individual if Bitcoin (BTC) reaches around $4.2 million per coin. Mow's analysis indicates that Saylor's effective exposure to Bitcoin totals approximately 98,800 BTC, which includes his personal holdings of 17,732 BTC and a 9.9% stake in Strategy Inc., which owns 818,869 BTC. To surpass Musk's estimated wealth of $839 billion, Saylor's total Bitcoin holdings would need to be valued at about $850 billion. However, this projection has faced skepticism. Analysts like Willy Woo have pointed out that Mow's calculations do not factor in Musk's potential future earnings from ambitious projects, such as SpaceX's market debut and Tesla's own Bitcoin holdings, which amount to 11,509 BTC. Mow acknowledged these omissions but maintained that his hypothesis remains valid, even without considering any additional Bitcoin purchases by Strategy Inc. As of now, Strategy's shares have seen slight fluctuations, closing at $186.97 after a 5.02% increase during regular trading.
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