Imagine you are in poverty, barely enough money to get by, going to bed hungry. Living on the edge. Now, you don’t eat for a few days, you scrape some money together. Are you really going to put it into a risky and volatile financial instrument that you do not understand? Or are you going to buy food, clothing or shelter? Please, everyone, give up on this pipe dream that somehow crypto helps pull people out of poverty. Anyone that believes this really does not understand poverty at all. If you live in poverty you don’t risk your money on things that you cannot immediately take advantage of, life is day to day.
  I’m afraid crypto cannot solve this kind of problems. Right now by the majority crypto is seen as a way to protect savings. This is the reason why we can see the burst of crypto purchases during crisis. But it has no influence on people’s wealth. To have it and to be able to exchange it to anything you have to buy it.  The problem between poverty and money is not the form or type of money that is being used, but rather how that money is distributed and accumulated. Cryptocurrencies are still prone to the same problems that are prevalent in liberal market economies. CEO salaries are still questionably exorbitant, tax havens exist, special interest groups have large sway over governments, low-income earners have stagnating income against rising inflation rates, and a whole host of other problematic issues. Just because people are really starting to embrace cryptocurrencies, there is no clear indication that cryptocurrencies will have any meaningful impact on lowering the amount of people in poverty.