Terrible article. This is how the author proposes we solve income inequality:
As reported by Bitcoinist, bitcoin outperformed every single asset class from gold to oil and stocks, in 2019. In the last decade, bitcoin price has also gained over 100,000% at its peak something no other investment tool has been able to do. This, coupled with the fact that anyone with an internet connection can access the market, means that any US citizen has the opportunity to dramatically increase their wealth without the need to be a recognized accredited investor.
That opportunity is only available to early adopters with disposable capital. Poor people don't have disposable capital to begin with. And years from now, these early adopter opportunities will have disappeared anyway.
Bitcoin is just another form of capital. It may transfer wealth from one group/class to another over time as the price rises, but it doesn't address the underlying mechanisms that cause the wealth gap -- real property distribution, capitalist and banking economies, etc.
I am for looking the adequate and workable solutions addressing the gap in the economic status of the people. However, I do not believe that we should look at Bitcoin like a magic bean that can cure this gap challenge. Maybe Bitcoin can be one of the many tools we can use but by itself alone it can never be the cure we are looking for. The gap problem has had been there since time immemorial and for it to be solved it must be the whole society that should be involved but the way the society is structured right now I don't think ti can be easy to get the support of programs addressing this problem. Nonetheless, I do admire for Bill Gates to opening up this topic for all to discuss, who knows the dream can be a big reality at the right time.