Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin just for the rich?
by
Powerjumboo
on 24/07/2025, 22:24:09 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.
Those who say that Bitcoin is only for the rich, I think they still don't understand Bitcoin well. Where we can easily buy any amount of Bitcoin and own it, why would I say that Bitcoin is only for the rich? Bitcoin is for everyone, but those who have a lot of money will buy more and own more Bitcoin, and those who have less money will buy a little Bitcoin and own Bitcoin. However, buying and selling Bitcoin will not work, unless it is possible to hold Bitcoin for the long term. Only if you can hold it for the long term, it is possible to achieve success in Bitcoin and be able to confidently say that I own Bitcoin. It can also be said that I have held Bitcoin for a long time and Bitcoin has made me very successful.