Wanna Be As Rich As Elon Musk? This Is How Many Bitcoin You'd Need To Own Today
Portfolio Pulse from Mehab Qureshi
The article discusses the amount of Bitcoin (CRYPTO: BTC) one would need to possess to match Elon Musk's net worth, which is estimated at $240.7 billion. Given the current Bitcoin price of $29,387 per coin, one would need approximately 8.18 million Bitcoins. However, the finite supply of Bitcoin (21 million coins) and the fact that only 1.54 million are left to be mined suggest that Bitcoin's price would need to significantly increase for an individual to reach Musk's wealth level.
August 14, 2023 | 11:40 am
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The finite supply of Bitcoin and the need for its price to significantly increase for an individual to match Elon Musk's wealth could potentially drive demand and price up.
The article discusses the finite supply of Bitcoin and the need for its price to significantly increase for an individual to match Elon Musk's wealth. This could potentially drive demand for Bitcoin, as investors may see the potential for significant price increases. This increased demand could, in turn, drive the price of Bitcoin up.
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