Post
Topic
Board Economics
Merits 1 from 1 user
Re: Is Bitcoin for “Fake Rich”?
by
mariaana
on 21/12/2020, 05:50:01 UTC
⭐ Merited by as.exchange (1)
While I do know many “Bitcoin evangelists” will probably hate me for the words above, but don’t you think that Bitcoin intentionally or unintentionally became the new asset for the “fake rich”?
I don't know if I can fully agree with your point, but I do agree with the statement that Bitcoin is for "fake rich".
As far as I know most of bitcoin is being held by whales and makes sense - fees are not as valuable for them, you make enormous amount of money and its probably only 1-10% of your portfolio in bitcoin while the other parts are in way lower risk area.
People who invest >50% of their holdings into bitcoin are trying to gamble and get money fast which isn't necessarily will lead to wealth, because at the end of the day its still a gamble.