"Satoshi Could Become the World's Second Richest Person"

Source
Son Min

Summary

  • Eric Balchunas, a Bloomberg ETF analyst, commented that if Bitcoin rises by around 50% annually, Satoshi Nakamoto could become the world’s second richest person.
  • He emphasized that Satoshi has never once cashed out the value of Bitcoin so far.
  • He noted that Satoshi's actions resemble those of Jack Bogle, well known for his low-cost, long-term investment philosophy.
Source=Eric Balchunas X Screenshot
Source=Eric Balchunas X Screenshot

There has been an opinion raised that Satoshi Nakamoto, known as the creator of Bitcoin (BTC), could become the world's second richest person.

On the 2nd (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "If Bitcoin continues to achieve an annual growth rate of around 50%, Satoshi could surpass Mark Zuckerberg, the CEO of Meta, and become the world’s second richest person next year."

He continued, "What’s amazing is that he has never once cashed out that value," adding, "In this respect, Satoshi resembles Jack Bogle." Jack Bogle is known as the person who created the world’s first Index Fund, and popularized the philosophy of low-cost, long-term investing.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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