Due to Bitcoin's supply issuance schedule, it's fair to say that those who buy bitcoin early achieve (exponentially) outsized gains.
Based on what we've seen so far, adoption looks something like: cryptographers -> early adopters -> suits/elite -> the masses
Given that the exponential nature of adoption and returns, doesn't Bitcoin further increase wealth equality? So that the elite are even richer than the everyone else?
To be a bit more specific, what I'm envisaging is the new world to include three groups of people, the elite (aka "the 1%" of the old world), the early adopters (aka "the 1%" of the new world) and the masses (the remaining 98% of people).
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Thoughts?
yes, Bitcoin has pushed the economy of the poor to become rich. Bitcoin has a very good influence on the economy in a country where the majority of the population is classified as poor. most of the bitcoin holders come from poor families, then their lives change drastically after buying bitcoins and holding them for a very long time, this is what increases the wealth equality of the population in a country.