Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
If you only have a minimum salary, I don't think the investment will be their priority but it is likely to prioritize the basic needs of the family.
Well, that depends whether he has wife and children. If single, then I don't think money would hinder a minimum wage earner to invest in Bitcoin.
I taught one of my colleague to invest while he's still single. He's a slightly above minimum wage earner but still manage to invest 20% - 30% of his salary to Bitcoin and he's doing it for almost 6 months now. I don't know how much he have right now, but for sure he'll reap what he sow in the future.
even with or without family as long as He has a small amount income outside from his regular job then he can still put in Bitcoin or other cryptocurrencies.
We have been seeing cases here when a Simple human , like the one that sold His GF's Car just to buy bitcoin couple of years ago.
this is a great example that people are really into crypto now and understand the benefits of this from the past belief of this is scam.
i did bought small amount some times. a small investment for at least 5 years should be okay.
of course , actually at some point it won't need to take 5 years, Imagine investing last march 2020 when the price is 4k? and now that 55k ? how much profit We can have?