Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin just for the rich?
by
MinoRaiola
on 23/07/2025, 12:24:38 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.
The transaction fees in some countries are a lot of money, this is not the same in a globally view. But there are also possibilities, a wallet can be set up as bench32 or they can use lighting. But it also depends on the wallet you use to send your bitcoins. The fee is currently very low for transactions, 1 sat/vb, there was much higher in the past. And bitcoin is for everyone, as you have written it. Maybe people see it different, but hopefully they will understand it in the future. Everyone can own bitcoin.