Anyway I agree with your general sentiment here: the "inflation tax" indeed benefits the richest 5% much more than the rest of the population because it fuels the value of their assets. (In some cases however, real estate is also appreciating, which is often owned by middle class people, but that's probably a small effect.)
And I also agree that early Bitcoin adopters in some cases have taken their chance to become a new part of the 5% richest, so there are at least some new groups in the elite.
And therefore, there is a well-founded opinion that another part of the early Bitcoin adopters belonged to those 5% even before the existence of bitcoin.And I also agree that early Bitcoin adopters in some cases have taken their chance to become a new part of the 5% richest, so there are at least some new groups in the elite.
The reason for this is that these people had enough money to avoid selling an asset that is constantly growing for a dozen years. Think about it, they didn't sell bitcoin even when its value was falling.
An ordinary person would hardly be able to stand it.
