No, this is total nonsense. The normal rules of supply and demand (and this applies to currency in the form of inflation) still exist. As a thought experiment, suppose you gave everyone 100,000 bitcoin tomorrow (which is obviously far beyond what we're talking about here). Let me ask you a question then, would anyone be willing to do anything for .00001 bitcoin at that point? Of course not. No one is going to pick apples, work at a grocery store or gas station, be a plumber, etc, for what, for them, has suddenly become essentially pennies in comparison to their sudden imagined wealth. People would still work, but suddenly they are going to want more. Good would still be sold, but they'd suddenly sell for more. This suddenly deflates how much that 100,000 bitcoin was worth. The existence of crypto doesn't solve the fundamentals of economics anymore then the existence of any other new currency that might suddenly come into existence would. What crypto does do is give people access to goods and services worldwide without having to to exchange their currency between a middle man, while simultaneously making them active speculators (when you hold USD you're not actively thinking about its relationship to Euros on a day to day basis - for crypto, you are). This, though, creates as many opportunities as it does risk, which doesn't lead to a world where poverty doesn't exist - it leads to a world where certain people are either lucky or smart and make money on market moves, while other people are unlucky or dumb and get screwed.