Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin just for the rich?
by
bestcandy
on 08/07/2025, 08:44:43 UTC
Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
Having the impression that Bitcoin is for the rich is totally wrong because Bitcoin was made in such a way that a middle class person can afford some fraction in accordance to the income of the person. For instance, someone can accumulate some fraction Bitcoin using DCA method and with good financial and investment plan a poor person that have little source of income can accumulate significant volume of Bitcoin by consistent DCA accumulation and hold for long time to get a good return on investment.
Bitcoin has the potential to make a poor man rich.