If Bitcoin continues to grow at an average of 50% per year, as it has previously, then this year Satoshi Nakamoto’s wealth may surpass that of Warren Buffett.
And next year, it could surpass Mark Zuckerberg, rising to second place on the list of the world’s richest people (behind only Elon Musk, with a significant lead).
If Bitcoin continues to grow at an average of 50% per year, as it has previously, then this year Satoshi Nakamoto’s wealth may surpass that of Warren Buffett.
And next year, it could surpass Mark Zuckerberg, rising to second place on the list of the world’s richest people (behind only Elon Musk, with a significant lead).
Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new app—funded with the proceeds from the VK sale—less as a business than as a way for people to send messages while avoiding government surveillance and censorship.
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
