Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: Is Bitcoin just for the rich?
by
Ojinga
on 21/08/2025, 16:28:44 UTC
⭐ Merited by TurboMen (3)
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 one regardless of  their financial status and class.
No one and I mean no one is actually restricted from owning bitcoin and yes it will be more understandable to say that, maybe the poor might not have enough resources to buy and hold at the moment but that does not mean that, bitcoin is meant for just the rich.
There are people who might not have enough money to buy it in larger quantities but trust me, you can as well buy in smaller quantities and with the help of the DCA method, everyone should be able to buy bitcoin conveniently at their own time and peace without having to bother about the current market conditions and what I have written so far, I stand on the point that, bitcoin is absolutely for everyone who wishes to own it.