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?
If bitcoin's role is only to be a store of value like gold then it will not be able to assist the poor anyway. It already has a limited supply and if most of its supply is stored in a non custodial wallet by few percent of the world population then how will other people take part in it? Bitcoin needs to keep circulating in the market with local businesses so that it becomes a medium of value transfer. It doesn't matter if it needs to be bitcoin it can be something else and what i think is that bitcoin shows us a pathway of how it can be done where peoples financial freedom will be in their hand not controlled by few banks or asset managers.