Post
Topic
Board Economics
Re: Do you think bitcoin redistributes wealth or just makes the wealthy richer?
by
Hulh
on 02/08/2018, 10:54:53 UTC
Just that... do you think there is any re-distribution effect at all due to bitcoin?

There can be some redistribution effect of Bitcoin but it should be really minuscule. A certain number of people have become rich thanks to Bitcoin, but it is more like redistribution of wealth between the moneybags themselves. They are the ones who can buy bitcoins in big amounts and sell them later booking hefty profits.

Bitcoin is for low, average and high profile yet it is still depend of a person  the willingness to take risk and a make step for his/ her future.  Rich people become wealthy because they are willing to take a risk  and never entertain  fear unlike to some  low profile that they want to  entertain the fear than the opportunity.