I recently took a trip in my time machine and found this article. I just realized I forgot to grab next week’s winning lottery numbers…
Bitcoin Billionaires: the New Billionaires
April 20, 2020 | Freedom Press
In the past decade, the world has changed considerably in multiple major ways. The flow of information has gone from a trickle to a tidal wave. Social networking was redefined with Facebook. A massive awakening has taken place as more and more people realized how the world was controlled. Money has evolved.
Thanks to Bitcoin, the people have been liberated from central banks and the wealth has been distributed from the once global corporate elite class to the common person. And through the process, a new type of billionaire has emerged: the Bitcoin Billionaire.
As we all know by now, back in 2009, Satoshi Nakamoto created the Bitcoin protocol. What was at first an interesting experiment in money has turned into something we now can’t live without. The pioneers in this new frontier mined hundreds and thousands of Bitcoins with their CPUs before the price and difficulty shot through the roof. Others bought Bitcoin for pennies. No one ever expected those thousands of Bitcoins to turn into billions of dollars.
The still unknown Satoshi Nakamoto became the first Bitcoin Billionaire in 2013 when the price of Bitcoin broke $1,000. Satoshi mined roughly 1,000,000 Bitcoins, starting from the infamous Genesis Block. With the current market cap at $14 trillion and price of Bitcoin at $1.2 million, anyone who managed to get 1,000 or more Bitcoin in the early days is now a billionaire.
Gone are the days of the corporate super wealthy being the only ones with massive stockpiles of money. The wealth has been shifted to ordinary people who were simply interested in something novel.
A decade ago, a pizza was bought for 10,000 Bitcoins. Today, anyone who has 1 Bitcoin is rich.