Is Bitcoin Only For The Rich?

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In this video, I discuss whether Bitcoin is just for the rich.

There has been a history of utopian dreams of the redistribution of wealth, from French Revolution, to the Russian Revolution, to the Chinese Communist Revolution.

Unfortunately, it has always taken place using force and violence.

Only Bitcoin has had a fair distribution. There was never a Cantillon Effect, where those closest to the money printer received wealth without doing any work.

Early miners and investors in Bitcoin took on enormous risk and uncertainty and were rewarded for their diamond hands.

Today, Bitcoin continues to spread out and become even more decentralized, as whales reduce their positions and the number of small holders continues to increase.

Today, Bitcoin is heavily relied upon by the poor in developing countries like Venezuela, Zimbabwe, etc. who are looking for a place to store their wealth that protects it from the violence of central bankers and politicians.

Not investment advice! Consult a financial advisor.

Bolsheviks:
https://en.wikipedia.org/wiki/Bolsheviks

Mao Zedong:
https://en.wikipedia.org/wiki/Mao_Zedong

Cypherpunks:
https://en.wikipedia.org/wiki/Cypherpunk

Bitcoin supply distribution by participants:
https://twitter.com/woonomic/status/1437366343511072771/photo/1

How Malibu grew:
https://la.curbed.com/2018/11/21/18098866/malibu-history-fire-development-growth-adamson

Bitcoin use skyrockets in Venezuela:
https://news.bitcoin.com/venezuela-bitcoin-use-hyperinflation-crypto-adoption/

Which countries use Bitcoin the most:
https://www.weforum.org/agenda/2021/02/how-common-is-cryptocurrency

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#Bitcoin
#Socialism
#Rich

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