Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin just for the rich?
by
Dzwaafu11
on 08/07/2025, 21:40:07 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.

Some people think because rich people are the ones who are able to invest big amounts of money into bitcoin and get huge amounts of profit, that means bitcoin is for them. Rich people forget that even the poor can invest small amounts and continue accumulating till he or she reaches their target or amount they plan to invest in bitcoin.

Bitcoin is a long-term investment, and for that reason, even the poor who are able to leave their money in there for a long time can get enough profit, so people saying bitcoin is for the rich is a wrong statement, and those people do not have enough knowledge about bitcoin investment.