The rate of poverty across the globe is becoming worrisome. Many people are continually crossing below the poverty line to the state of depression. I was heartbroken seeing the number of people struggling to enter the US as
shared by Elon Musk in X. Weather we choose to believe it or not, there is an impending global problem that if concerted effort is not put at addressing, there will be chaos. Is there anyway Bitcoin can assist in addressing this?
I know many will think investment in Bitcoin is reserved exclusively for the rich or those who are comfortable; the lower class can actually buy as little as $10 per week. Majority of these immigrants are farmers that the quest for greener pastures pushed into these journeys. They can actually start small and build from there. Same goes for many people across the globe.
Bitcoin offers unique opportunities for people who want to make decent amount of money and I have the feeling that if these people start investing in Bitcoin, we will see a rapid decline in global poverty. What do you think?
Bitcoin is indeed an improved currency which offers unique opportunities even for those people who have nothing except an internet connection. But as far as how much it can help them... That remains to be seen. I am sure there are wonderful ways which we have yet to discover, to help the less fortunate. Faucets used to be quite a help but with the Bitcoin fees as they are nowadays, it might not be seen as very viable. But in countries where each cent is important, even faucets might help, given a long enough time collecting miniscule amounts.