Quote from: davis196 on Today at 06:08:36 AM

Quote from: CamilaStar on July 08, 2025, 07:29:43 AM

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.

Bitcoin is for everyone, who has enough money to buy some. There are no such things as a "rich person's asset" or "poor person's asset".
The media always focuses on celebrities and rich people. This is what drives attentions, clicks and views. Do you want the media to focus 100% on poor people?
The BTC blockchain being temporarily congested every once in a while has nothing to do with rich people and poor people. It's all about supply and demand. I also want the blockchain to handle a bigger amount of transactions and the fees to be lower, but the scaling debate is pretty much over and BTC won't be hardforked.

But in the beginning, everyone can own cheap Bitcoin, but not everyone knows what the potential of it. That's why we will see a lot of early birds from 2009-2011 that might have regretted their decision to get out of the market early.

Because we all know that after that, the halvings from 2016 was the biggest start of Bitcoin as it went as high as $20k. Now, it's no longer cheap and maybe it could be just for the rich. But for us, mere average investors, it might take some time to really accumulate it and it's going to be a hard grind.