I really had this question in my mind and wanted to ask was that one of the core principle and aim of Bitcoin is providing equal services and treat people equally without discrimination. But If we look at it from the perspective of "Power" it is creating a new generation of people who hold power I.e the early adaptors of Bitcoin (whales) who hold significant economic influence because they accumulated Bitcoin was undervalued.
So is it really solving the problem of inequality or Creating a new generation of people who hold power and shifting the inequality into a new form?( New Elites?)
Would love to hear your thoughts.
Bitcoin was not created to equal wealth among billions of people on this planet and it will never be able to do this.
Assuming that you own all 21 millions of bitcoins and fairly distribute those coins to all people who have been lively now on this planet, the Bitcoin distribution soon will be naturally reorganized and there will be Bitcoin whales while there will be people who sell their coins and become non Bitcoiners. This is very natural change in all distributions and likely 80% bitcoins will belong to 20% of Bitcoiners and people on this planet.
I agree with you, because many individuals and companies are aggressively collecting Bitcoin, they will soon be able to build a Bitcoin portfolio. You can see that Michael Saylor at MSTR is taking all the steps to ensure that his Bitcoin holdings are sustainable for the long term. And many countries have adopted Bitcoin as a strategic reserve, with El Salvador playing a leading role.
By buying Bitcoin regularly, they are able to build a Bitcoin portfolio, and if they aggressively collect Bitcoin, it will reach its peak and some investors will be able to hold even more Bitcoin.