Quote from: CageMabok on Today at 09:55:38 PM

Quote from: WhoYouCantKill on Today at 08:22:38 PM

No Bitcoin is not for the wealthy alone.
Though high transaction payments and coverage by the media may make it look expensive, yet it's divisibility implies it can be used by anyone. The real effect lies on the individuals and groups adopt it, it has the potential to serve as tool for the rich and also as a begining point for anyone going for financial inclusion.

Perhaps some poor people, considering its already quite high price, have assumed that Bitcoin is only for the wealthy. In fact, anyone who wants to buy Bitcoin is always welcome, regardless of their status. This is the unique thing about Bitcoin: it can be obtained by anyone without having a lot of money up front. However, if you want to buy a lot at once, you obviously need a lot of money. However, if poor people are patient enough to use their time and buy in installments from their monthly income, that's not a problem, because such installment purchases can also build up a large amount of Bitcoin, even if it takes a little time to acquire larger amounts.

The assumption that Bitcoin is an instrument exclusively for the wealthy is a common but mistaken misconception. Bitcoin's decentralized system allows anyone to participate regardless of financial background. This phenomenon arises because the smallest unit of Bitcoin, called a Satoshi, can be purchased for a very small amount, opening up opportunities for individuals with limited incomes to own this digital asset. Regular, incremental purchases, along with a long-term savings strategy, can be an effective approach for people with limited incomes. With discipline and consistency in buying Bitcoin little by little, they can accumulate significant amounts over time. This strategy eliminates financial barriers and confirms that wealth accumulation through Bitcoin is not solely the privilege of the wealthy.