Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin just for the rich?
by
IceLincoln
on 17/07/2025, 22:53:51 UTC
Quote
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.
I think People say Bitcoin is for the Rich Because They think of it as a money multiplier. And the lesser they invest the lesser the return they will get. They should fix their mindset by thinking of bitcoin as a vault to store money and save it from inflation rather than a multiplier. This mindset can give them the Patience to Hold Bitcoin For Longer Time and Earn A good Amount of Money From Bitcoin Too. That's just my take. Feel free to Correct me.
I think the reason people  think bitcoin is for the rich is because of the price of bitcoin, they feel it’s only the rich who can afford it and this is because of their lack of knowledge as it concerns bitcoin cos if they do they’ll know that you can buy with whatever little you have and accumulate regularly and  consistently for a long term using your discretionary means. Another thing might be because they see on socials the kind of people who advertise it or campaign for it, the celebrities and big business tycoons like Saylor.

To answer OP question, bitcoin is for all interested individuals.