Post
Topic
Board Economics
Re: Political aspects of cryptocurrencies
by
Odogwu-Blockchain
on 07/09/2025, 18:37:51 UTC
One of the reasons of this is the inflation: it is a kind of regressive tax, this tax is paid mostly by the poor because they loose their savings, while the wealthy keep their savings not in money but in assets.
Isn't the reason that rich people invest in various assets simply because they have enough money for their daily lives and can afford other ways of investing?  Smiley
Give a poor person bitcoins or other assets, and the first thing he will do with them is sell them.
Investment comes in when daily needs are 100% met, food, clothing and shelter are stabilized before proper long term investments can be thought about, of course, the poor will definitely sell off not because they lack knowledge on assets but because their daily needs are still active on the scale of preference which has to be attended to before anything else.