I made a post once titled "is Bitcoin just for the rich? " , I got a lot of reply and the majority said Bitcoin is also for the poor, thats not a really wrong answer, but how many poor folks have made the kind of wealth like the top investors with alot of resources.
I made some more research and I discovered more. I discovered that the rich have a high advantage when it comes to Bitcoin, we should know that Bitcoins high volatility and complex market dynamics often favor those with more resources, this rich folks got what it takes, they have the experience and Market knowledge to do as the wish without breaking a sweat or being scared because they have the funds and can afford to hold through market fluctuations. This guys can make big investments in market analysis, tools and expertise, tell me how will the poor catch up, how will the poor get to such height, how can they afford to overcome fear when there is little experience. It is very challenging for the poor investors to succeed in the Bitcoin market, potentially whitening the wealth gap.
The fiat monetary system is a Ponzi scheme based on constant borrowing, and the rich use this system to become richer, while the poor and people who don’t understand how the system works, by saving in fiat currencies, become poorer due to inflation and the continuous printing and introduction of new amounts of fiat currency into circulation. The average small person is like a hamster on a wheel, forced to keep running. Bitcoin now gives the poor a chance to stand on their own feet. Bitcoin is a monetary system that is completely opposite to the fiat monetary system. There is no inflation, and for the first time, poor people can save money and protect themselves from fiat fraud. No one can devalue Bitcoin or print new bitcoins. The poor can now save their value in Bitcoin, and their purchasing power only increases. If you measure value in Bitcoin, prices go down.
If you are rich, you can buy real estate, land, etc., and protect yourself from fiat currencies. You don’t need Bitcoin because you have huge capital you can take out loans and use your assets as collateral, and the value of your assets grows faster than inflation.
The rich don’t need Bitcoin, Bitcoin is more necessary for poor people.