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Title: Bitcoin is shifting hands, back to the 1% Post by: Kakmakr on November 29, 2017, 06:37:36 AM Research, based on year 2000 data, found that the richest 1 percent of world adults, individuals worth at least $514,512, owned 39.9 percent of the world's household wealth, a total greater than the wealth of the world's poorest 95 percent, those adults worth under $150,145.
Currently, the richest 1% hold about 38% of all privately held wealth in the United States. while the bottom 90% held 73% of all debt. According to The New York Times, the richest 1 percent in the United States now own more wealth than the bottom 90 percent. The question is, are you selling your bitcoins now, because you can be one of them or are you just selling because you think $10 000 per bitcoin is a lot of money. The institutional capital will soon "infiltrate" Bitcoin and the weak hands will sell at a bargain price to the 1%. |