What if all the rich people come together and buy most of the BITCOINS can this lead to the control of power again in the hands of few.
Good thing about bitcoin, it has a limited supply so even if all of the rich people buy all the coins each and every one will benefit from it. Remember bitcoin is not yet "the currency" so if the price goes high you still have an option to convert it to fiat. So if you own 1 bitcoin and after all the rich people buy the coins the price goes up to $1 million then you can convert it to fiat and you are an instant millionaire. That is the good thing if the supply is limited.