Bitcoin Forum

So is the cryptocurrency is poor men the lower class wall street?

But I like that :)

Nah... this is wall street:

https://i.imgur.com/GALoO4l.png

Where certain rules are imposed that do not apply to everyone. Where big banks cheats, get financial penalties, which they accept and continue cheating, because the profit exceeds the penalty.

https://www.dw.com/en/deutsche-banks-5-biggest-scandals/a-46510219
http://ig-legacy.ft.com/content/23fa681c-fe73-11e4-be9f-00144feabdc0#slide0

Crypto has same rules for everyone - no rules.

Exactly.

Isn't work like that, for the cryptocurrency is aiming for the same goal, it's equality and solidarity.  With wall street, it seems to have multiple ideologies when it comes to economic status. 

However, it shows similarity in a way since cryptocurrency tends not to be affiliated with any central bank which the wall street is doing the same thing with the American government but the similarity already ends there.  With Bitcoin and other altcoins, it hopes for smoother exchanges in the market regardless of your location, race, and status in life that makes it to be an ideal currency which needs to be acquired globally.

cryptocurrencies have broken the barriers between members of the classes and between countries, you do not need many complications to start investing, so you do not need to verify your identity as long as a second party can send you money without asking you for your personal data, or even mining it.

As for those who use it, it is not for poor people only, but everyone who sees an upcoming collapse of the economic system, and a real opportunity for bitcoin.

I'm keeping that image for myself, and it is a clear example of why this market is better than any other, banks, financial institutions and big businesses have a huge advantage over the average person, not only they have inside knowledge that they can use to trade the markets despite the fact that is illegal, they can use their connection to the governments to be rescued in the case they make the wrong moves with the argument that they are too big to fail, and politicians are happy to give them the money of the people and we have no control over this process at all, but in this market everyone plays by the same rules and that is very refreshing.

If that was truly the case, cryptocurrency liquidities would be way lower when compared to what we are seeing now and market manipulation would be way lower when compared to the current scenario where whales rule the markets.

Cryptocurrencies provide the lower and middle class opportunities to jump into the rich sector with minimum effort if luck is on your side thanks to the extreme volatility involved.

All classes equally benefit from cryptocurrencies legally and illegally based on what I have observed.

It's funny what you said, because how would you describe bitcoin millionaires? Are they lower class investors? Is Michael Novogratz a poor guy who has to choose poor man's investments because he can't afford Wall Street? Stocks also can be very cheap. In 2013 Tesla stock was worth just $10, now it's more than $400. Even poor people can make money in stocks, just like the rich can make money in cryptocurrencies.
Cryptocurrency has a different entry point. For some people like tech savvy millenials it's actually lower than stocks, for old-timers like Warren Buffett it's much higher than stocks. 

tech savvy millenials...yeaaa:D yea right :D

i mean crypto is for uneducated people as i am myself :) so the lower class the great gatsby:)

How do you explain the distinction of Wall St. and Crypto. Why you've said that it's like a poor men if it has made a lot of rich people in the world having only invested early than any others. It's no luck that they've made their millions and riches through crypto. While in Wall St., you'll get a lot of rants from the people that their sucking others money.

An uneducated person will not understand it either. Citibank, Grayscale, Jack Dorsey, etc. and other prominent people. Yes, they're uneducated?

well they run that crypto lower class wall street game for us sure they are educated but crypto is destined for lower class and middle class dreamers.

You got that completely wrong, anyone can invest in any financial asset and for that you need money and cryptocurrency is no different. There are billions invested in bitcoin and other major coins and you think the lower and the middle class are doing that. If you are talking about making a fortune yes it gave the opportunity for everyone to make money because it is the initial stages of a new technology and any blind invest during the initial period will make money.

No comparison between the two, cryptocurrency is original, there's no such thing as lower class wall street.

Haven't you heard that there are billionaires going public and telling us that they are into crypto or bitcoin now? So on the contrary, wall streets are shifting to bitcoin now.

If you are uneducated in crypto then you are going to be lost in the economics of it, how can you make money if you don't know how to trade? how can you invest if you are buying on top? So you should also educated and equip yourself with knowledge here, so all your arguments is flawed in the beginning.

Cryptocurrency means poor men are not the road to the lower class wall of crypto there is no difference between the rich and the poor everyone can use and invest in bitcoin as they wish. But the root cause of the poor is that in the absence of poverty they cannot be educated and cannot develop knowledge there is no discrimination in the case of bitcoin the rich can use both the poor but the poor must become educated first. Uneducated they have little idea about bitcoin and technology.

^ Cryptocurrencies are still 10 years old but already have a market capitalization of hundreds of billion dollars, do you think cryptocurrency is a lower-class wall street?

Wall street old men will bite their fingers when the Bitcoin price crosses $ 20k and continues to rise.

Cryptocurrency isn't defined to be used by a specific class of people. This is purely people's money, and based on one's ability one can buy or invest. The profiting happens accordingly. In simple cryptocurrency has made lot many rich people. With its growth and increased price it looks like rich people only can benefit and make use of it. This is a wrong assumption, users who has the ability to observe the market and make closer prediction surely one can make big money out of small investment.

Not a bad take actually. Wall street is lower class wall street by the way. If you want to buy a stock for 2000 dollars you can totally do that, if you want to invest into some pink sheet stocks (like brand new projects on crypto) you can do that as well, there is really nothing that stops you from doing that.

So, you could do the same things you can in crypto world and stock world at the same time with the same amount of money. However wall street is loved by the whales and wealthy and they are the ones who make company owners billionaires by allowing them to do IPO and sell their stocks or at least make their stocks worth more. We do not have that kind of stuff in crypto world, which makes us the lower class for wall street traders.

Its funny but  really make sense for me. I believe that crypto currencies are for everybody, regardless the race, culture and status in life. As long as we have an internet access and the technology, we can absolutely take part in Crypto world and enjoy the easy and great benefits that it brought to all crypto enthusiasts anywhere we are in the world. Indeed, this industry offers an equality and advancement  to every individual who has the interests and willingness to learn and earn great profits.

No, it is the oppsite. Bitcoi  market had gone stronger and that it can be visible in the coinmarketcap.com site.  If this is only a poor men street then you will not be seeing a good bitcoin market price in the market considering 19K$ is a huge or big market. It should not be consider as poor men lower class street and instead it is one of the best technology or investment scheme away from banks services, taxes which are free if done to  cryptocurrency. This is what I think the most ideal (bitcoin and other nationality wishes to have). I just wish too to that someday I can get bitcoin.

It does make sense. Ofcourse we would say that this technology is open to all social status but there's just this thought that investments are meant for rich people because huge capital is a requirement. And in this case, any amount of investment will do because it will still generate profit. The idea is that investing to this technology is open to all but if you want to earn huge profit  you should invest huge amount. In real estate investment or stock market, you will only be able to enter most of the time, if you have huge capital. But it is not enough still, to have stereotypes on this technology as an investment or to any investment in general.

I really wouldn't even compare the two for logic because one of them is evil in mindset while the other one is trying to help. What wall street is doing is basically a ponzi scheme and nothing more, stocks needs to keep going up constantly otherwise if they fail to go up, eventually they go down and when they go down enough they crash, so every stock needs to have a long term profitable increases or they will crash. Where does that money come from? From you and me, we either buy the stock or just buy the product to make it profitable to buy the stock.

Well, what if we don't have any more money left? The story should end there, that is why it is a ponzi scheme. However governments do end up printing money or bailing them out so that world continues to turn.

Nope, Crypto even has a lot of whales. That is why manipulation occurs. Previously, the Crypto market was full of rich people because thanks to their capital, the new Crypto market can be as big as it is now.
If the Crypto market only consisted of the poor, Bitcoin would not Hype as it is now. In any financial market, there will be the rich and the poor, and it is not positioned by any class.

It will be interesting to know if at some point in the future this gets reversed and wall street becomes a poor men lower class cryptocurrency market, even if at this point this seems impossible to get the potential of bitcoin is so massive that it is not out of the realm of possibility, and even if it never comes to happen people need to learn that this market does not appeal to everyone, the volatility in this market is so massive that I have always wondered why people use leverage at all when they can get the same results by just trading normally and by using margin they are taking an additional risk that is not really necessary.

Did you mean this because of it's cheap entry point or because a lot of normal people, unlike in Wall St. with their own stock brokers, can get into the project without qny fuss? Because I don't see any fault in either of it. Honestly speaking, we can even see cryptocurrency turning the tides of investingvto its favor because as of the moment, it's the most expensive and most promising investment asset to take into

Very well said! Certainly Crypto currencies have broken the Barrier between classes as well bokken the barriers of borders between the countries. It is the currency of Masses not classes.  The emergence of Crypto currencies have created new opportunities for innovative financial solutions created through spread of Internet. It has created new Millionaires during the past decade.

Not everybody can make it to Wall Street. That's probably the dream of a lot of promising graduates, to be with the kings who play puppets out of presidents and rulers. It is where money abounds, after all. But the place is not welcoming.

Unlike the Wall Street, Bitcoin is open to anybody who wishes to enter. But it doesn't particularly choose the poor because it does not discriminate. Rich and poor alike are welcome to join the Bitcoin community. There's always a place for everyone.

However, and quite sadly, if the people of Wall Street enter the world of Bitcoin, they will probably still have the upper hand.

And who said that? Do you consider institutional investors as poor? Do you also consider Goldman Sachs as poor company?
Poor people who are open minded and willing to risk are part of Bitcoin revolution but deeply, they are just a scrap on total market capitalization.
Either poor or rich, we are all looking towards the same thing which is to make profit.

If you take the whole picture then yes, it is.
But what seems to be one thing at first glance turns out to be quite another. I don't think you can compare cryptocurrencies and the crypto market with wall street just because of similar concepts and trading.
On wall Street, they trade to get money, and cryptocurrency exists to become full-fledged money. This is the conceptual difference that breaks this comparison in the Bud.

I think somehow you are right. That is one of the characteristics I most like about crypto currency: you can be part of this universe with the lowest budget you might have and some people can also start from zero, without any investment. It's simple and fast to set up an account in an exchange or any other crypto site to start your activities.
Although the poorest of men can join crypto currency, if he is lucky and skillled in this field he can be successful like any wall street wolf. There are no limits here.

Poor men wall street ? I don't think so , I do believe its benefits actually extends to everyone. Be it poor, rich , a teenager or an old person looking for something new. It have immense opportunities and just like how in the wolf of wall street they did quote :

https://i.ibb.co/HFWxjtt/unnamed.png (https://imgbb.com/)

Now this also includes cryptocurrencies like Bitcoins , many people try to influence the price by going to twitter , maybe telling weird stories and such therefore I believe you should go with your gut when it comes to these things and also the news. 

The whales can influence the price for sure but that too till an extent. Rest it belongs to the people.

Poor to those hates Bitcoin yet secretly buy their own to hold, and besides Bitcoin makes me a better person and my financial status becomes great because of Bitcoin, so I think think supporters are poor. Don’t mind those people talking negative things about bitcoin, just look on the bright side and you’ll be good.

Lol, what do you mean here exactly? Are you trying to imply that Bitcoin and its holders are generally poor and they love to show off their portfolios. Then you are wrong dear, crypto turned many into billionaires, and those are real billionaires, with real cash, not any fake thing. :)

the money dont show your class yes you can get money but it does not give you the aristrocarcy:)

You're not wrong, you're just not completely right. Crytpocurrency is a free'er Wall Street. There are fewer barriers to stop people from owning, trading, or benefiting from Cryptocurrency. It's easier for poor people to buy bitcoin because of the elimination of these barrier, but it's easy for rich people too.

What are these barriers?

• Buying/investing can start with smaller denominations, whereas Wall Street sometimes requires several hundred, thousand, or hundred thousand units of currency to invest
• It doesn't require a specialist (broker or trader) to access the market, one can download Bitcoin Core and start earning bitcoin through mining if they want to or open a faucet account to earn bitcoin...obviously, neither of these are the best way to acquire bitcoin but the access is easy
• The fees are lower
• The freedom to move your balance from wherever an access it from a device are easier

Well said! Crypto doesnt really set any specifications or rules on where there's a specific people would able to get engage with it.It doesnt matter if you are a rich guy or poor because
everyone is free to get involved with it.The thing that you had mentioned are those facts that do talk about on breaking the boundary or walls on where even a poor man can able to
access it without any problems even with the very little basic knowledge of things which would really be sufficient enough for them to have investment decisions without
any headaches or hardships that would encounter which is totally different when you do deal with traditional things.

;D ;D
There is no industry with quiet and secretive billionaires as Crypto industry. Who would go about flaunting Thier wealth? You are indirectly inviting hackers and fraudsters. Who would want to lose his/her live savings?

yes correct !

This is what I think attracts most people to this market, in order to have a chance to invest in the stock market you need a great deal of capital in hand that most people simply do not have, but when it comes to bitcoin you can enter with whatever amount that you have and this is important, this means that people that had the skill but not the money to enter the traditional markets can come here and try to make a living that way which is great as there is a lot of talent out there, they just lacked the money to be able to apply it.

At the end of the day poor man required a wall street of its own and we got it, this is not something bad, this is something definitely understandable and doable.

I would say the best case here would be to say that wall street is not something poor man can get their hands on and make a profit and only a place where rich people would take the money from poor man and this is why poor man needed to find a place for their own profiting.

This is why we found crypto and got involved with it, after all we were looking for something that would help us and we found it in crypto where rich people could still make profit if they want to, but they can't stop poor people to make money as well. When grayscale and the likes makes hundreds of millions of dollars profit, we could make a few hundred dollars profit with them.

AT the end the cryptocurrency are the way for rich and wealthy manipulate and scam the markets with their fud fomo and dumb actors who are on their payrol

The end results are and always will be average joe are out of his savings!

So let's not talk about cryptocurrency like its some romantic hero.

Who are the whales?  First?  Why we we dont who they are?  Are they paying any taxes? 

If you deal with cryptocurrency better ask help from experienced traders like me!
The cryptocurrency are very dangerous for newbies.

Cryptocurrency is for everyone. If it was for poor men as you said, then why are there lots of big institutions rushing into it now? Or haven’t you seen the news of big institutions that have been buying up all the newly mined bitcoins this year? Greyscale, Square, and of recent PayPal? It’s not meant for a particular set of people, anyone that wants to make use of it will always make use of it whenever they want to.

Yeah that’s right, but the way op put his sentence made it seem like he was saying that it was created just for the poor and is being used for the poor. Bitcoin was created for everyone and as you have said anyone can be part of it, no matter how much they have they can always invest.

Every people can invest in cryptocurrency, whether if they are poor or rich. There are no limits for them to invest in crypto because they can use little money to buy and hold the coins anytime they want. But usually, if they buy crypto from the exchange or other places, it could have a minimum amount that they can buy. If someone wants to invest in crypto for just $5, he can buy any coins with that money.

It will not be a problem if the whales manipulate the price because we have a chance to follow behind them, so we can also use the benefit of that manipulation. If we can do that, I am sure that we can make money like them, and no matter what happens to the market, we will be okay because we can use every moment in the market for our own benefit. A whale is a person who has huge funds that can buy any coins they want and hold them for some time or selling at once.

The whales don't want to tell who they are because it is something about privacy. I think they also pay the taxes as citizens in the country, but we don't know how much they pay taxes.

How do you even come up with all these thinking? Your comparison makes no sense at all. What is a "poor mens lower class wall street"? I didn't know wall street had different social classes.

But don't you think people right now trades and invests in crypto currencies to "get money profit"? I know cryptocurrencies were made to be used as a regular currency but that is not going to happen anytime soon.

That's the problem. As long as the cryptocurrency exists as "that funny strange tool where you can break a good income in a short time", it is dead for the general consumer. Very few people actually want to think about global economic system problems, they just want money here and now to close another loan or buy a new coffee maker.
As long as the cryptocurrency is perceived as means of income, it will be dead as payment method.

I also thought that most cryptocurrency investors were from the lower class economy, but it turned out that my guess was wrong.
There has been a lot of news related to big companies and rich people choosing to invest in cryptocurrency too. Even news from
cointelegraph says Mexican billionaire Ricardo Pliego invests in Bitcoin. This is proof that cryptocurrency is not just an investment
for the poor people.

what does wall street mean? i already heard of that before but i forget its real definition . if crypto is for poor men then stocks will be for rich men ? that must be true because many rich people are indeed involved in stocks but rich people can also get involved in crypto while i still dont consider cryptos are for poor because cryptos value are getting expensive now  but crypto can be easy to understand but i dont also underestimate the poor  . i know poor people can get a good education if they work hard and study

I'd say that this is an inaccurate designation.

We need to firstly distinguish between cryptocurrencies and exchanges. They are two completely different concepts. Cryptocurrencies themselves are merely stores of value and mediums of exchange per se, just as any other currency. It is not, primarily, designed to be a speculative vehicle to generate returns the same way shares are; nor does it carry out the duties of an IB/wealth manager.

Secondly, it is apparent that major institutional players are heading into the crypto scene on a daily basis. So it is far more accurate to say that cryptocurrencies as an investment is more accessible in general - not that it is inferior/of a lower class.

Are you kind of having obsession on wall street thing or something?
Cause i see in your post history mentioned wallstreet quite a lot everywhere in every topic lol
However some people might come to crypto after depressed enough by how wallstreet treated them like garbage as you found no luck there with your small amount of money and choose to switch luck here in crypto with higher risk?
I heard a lot of people come here because of this reason , for the sake of luck.

It's fine for me. If you go to wallstreet and have like 10,000 USD to invest, they will just laugh at you. But when you invest that kind of money in crypto currencies you can get a decent portfolio of alt coins already. I agree with you in sense that the opportunities are limitless at wallstreet and in the crypto world. But there are also a lot of rich people by now going into bitcoins. I would say this was true 5 years ago, but by now it's more of a competition between these two.

in the investment world there are no class differences (upper or lower class) there are only "PROFITS or LOSS".  Wall Street has been around for decades and is very strict with government regulations, currently, the rules for cryptocurrencies are still gray, there is still much debate as to which direction this will be mutually agreed upon (asset or currency).  Later, after the cryptocurrency has been validated by the government, we will see the cryptocurrency floor freely on wall street..

A lot of people becomes rich because of cryptocurrency. In fact people are adopting this kind of technology due to the higher chance of earning profit. Even those billionare are also investing so I don't think it's like a poor men when in the truth many people are grateful knowing bitcoin early. So there is no distinction in whether a men or girl to enter in cryptocurrency.

To adventure into cryptocurrency is good because cryptocurrency does not have differentiation or criteria that stipulates that crypto is only made for rich people or poor, that is wrong ideology because it's very clear to people that irrespective how large or small you are you have hundred percent right to invest or to adventure into cryptocurrency that is how it's since I noticed what is crypto, and it obvious that crypto increase someone's wealth if really pay attention into it.

Well there's a bit of truth in this headline, "Cryptocurrency is poor men Lower class wall street" because crypto is the next generation of Wall Street! Literally anyone can start trading, with verification or completely anonymous! With a few dollars or millions! You just need a few basic things like device, Internet connection and some money for the start! You don't need a suit, you don't need to travel to another city, you don't need any third party service, you just need those 3 basic things and you are ready to go!
So crypto is open for everyone and anyone, 24/7! From the comfort of your home, you can't get better and easier than that!

Before Bitcoin reached the all-time high price, I agree that crypto investors are indeed from the middle and lower class.
Because wealthy people are accustomed to profiting from investing in gold and the stocks market, consider crypto investing
to be very risky. When the crypto price hype in 2017 then everyone started to realize the potential of cryptocurrency,
after that cryptocurrency investment became for everyone.

It is true that right now most people are using cryptocurrencies as a way to invest and trade but in my opinion this was inevitable, people see the potential bitcoin of going up in value and instead of spending it they prefer to keep it, we can see that this is slowing down the initial goal of satoshi of making bitcoin a currency that is used to buy whatever you want, but people are never going to act against their own self interests in a willingly way and if they can see that they can earn money with bitcoin then that is precisely what they are going to do.

And we enjoy it as well. That is what people are forgetting in crypto, it is fun. Not many people talk about that part of crypto world and I understand that there are people who invest just few dollars and there are people who invest tens of thousands of dollars or even maybe hundreds of thousands to millions and I get it.

However if you are a regular person like me, who normally doesn't do investing and usually doesn't have the option to rival stock market people because they act like they own that world, here in crypto world things are different. I can honestly feel like I could potentially fight to earn some money in spite of whales but the fact that I could have immense amount of fun while doing it and not only make profit but also entertained while doing it, that is incredible.

This is one of those things people believe to be true in theory but it’s not true in practice at all. People think bitcoin is the great equalizer. It’s not. It’s just another financial pool dominated by the rich. The undeniable way to build wealth in a capitalist society is access to capital, which bitcoin does nothing to address. It’s hasn’t equalized anything for the poor. They’re just as dominated by the rich in bitcoin as they are generally.

Cryptocurrency is something that is not for any particular person. Anyone can use it. Anyone who has an idea about cryptocurrency or experience working with cryptocurrency can make a lot of money by using that experience.  He will make a lot of profit in a very short time by investing very little money using that experience. Cryptocurrency is now lost. In the future, people will be attracted to more cryptocurrencies.  Profit will make cryptocurrency more popular with people in all countries

Since cryptocurrency is a decentralized structure in which no central authorities and no government can control them, anyone can definitely use cryptocurrency in their daily lives. But I don't think you can make a considerable amount of profit by investing a small amount of profit in a short time in cryptocurrency because making a profit in crypto takes a lot of effort and time; someone can't always make a lot of profit in their daily trades.

no cryptocurrency for all people there is nothing that differentiates it from the lower class people, everything remains the same cryptocurrency is a digital currency of the future that is supported by everyone from the poor to the rich, all of which has no relationship if people are poor want to buy and support cryptocurrency what's wrong with them having the right to choose what they choose because their goal is the same to make cryptocurrency stronger.

How things changed with crypto is that those who were initially saying that stay away from crypto or it will just become worthless few years ago and now billionaires and big institutions are coming and buying it. It all started a decade ago and those who knew it will grow bought it as per their capacity and continue holding it because they believed in it and also was looking much better after 2017 when people realized that it has huge potential to grow and will be more adopted as well. And in 2020 we are seeing the same things that it is getting adopted and price will rise and bounce back too after fall.

Not so much. You're over-estimating the amount of people who have become billionaires because of crypto.  There may be some, but it's not commonplace. It's not even commonplace for there to be millionaires because of crypto.  There are more cases of that, but those are just people who were in the right place at the right time.  It's attributable to luck more than anything.  People getting into crypto now trying to become millionaires are chasing a pipe dream.  The law of large numbers is in play and bitcoin just can't continue its past growth rate because of it.

Whether poor men Wall Street or whatever it is they want to call it is none of my business, all that matters to me is that Bitcoin is a very good asset and I am not going to miss out on it. For like five years now I’ve been steady making use of Bitcoin and also investing in it.

I have not seen any method of transaction that works for me the way Bitcoin works, me and my friends have been making use of it now for transactions abroad; imagine I can just be in my room and send any amount of money to my friends and they will get it that same minute or highest 30 minutes/1 hour, and also withdraw it that same time. And when it comes to investment, Bitcoin also delivers. Bitcoin is really changing everything, whether they like it or not.

We are having fun here, we are making lives here, we are not hurting anyone here neither, so I do not see how we could be wall street. The bad side of wall street is that they will try to get as much money as they possibly can, which means they need to get money from people you and me and we need to have zero in our pockets in order for them to grow bigger, there is a limited amount of money in the world and for them to continue making profit they need to have it all.

This is why crypto is nothing like that, we could all have crypto, and price could go up and we all make a profit, there are scenarios in crypto world where we make so much money that nobody ever loses anything, we just keep getting richer, you can't see that in the wall street world.

That is a very positive attitude to have and I must confess I do not have it, I have fun learning more about bitcoin and by being part of the community but when I am trading I am too nervous, I do not let those feelings to take control of me but I still find in trading a difficult activity that costs me a great deal of effort, probably this is because I have not gotten my big break or anything like that, but I am sure when that happens I will probably be way more relaxed and I will be able to take advantage of the opportunities the market offers with more confidence.

The degree of feeling relaxed depends very much on the amount of cryptocurrency that you trade on the market ;) It's one thing when it's entertainment and trading small amounts of nothing, but quite another when you risk your capital. I am not sure that you can relax much and look at the market movements with absolute calm when there is a risk of losing a significant part of your capital as a result of unsuccessful and ill-considered operations. Therefore, excessive relaxation is not always appropriate.

Well said. It is a fantastic change and unbelievable growth that crypto industry has achieved in short span of Time. It is a beautiful journey from 2009 to 2021 which passed through many ups and downs. Nobody had ever thought that a Digital currency that appeared on world map in 2009 and was initially traded for few cents would reach beyond $40,000 in only 11 years. The Market cap of crypto industry today stands around 1 Trillion that is Remarkable growth. This all happened because people have recognized benefits/ importance of Block chain.

Why are they pained? Because they want it be out of reach for the poor?

Well, that’s a disappointment for them because cryptocurrency was created for everyone and not for the rich only. Bitcoin is really good to the extent that everyone can buy it and they will manage it by themselves, you don’t need the help of anyone or any institutions to handle your asset for you, you can do it for yourself.

Next thing is that you can buy for as low as you want, any amount you have can be used to buy Bitcoin. The first Bitcoin I got when I was still new was worth $15 when the price of a Bitcoin was $250 and that amount increased as the price increased.

I still can't believe the sector growing too much neither, that is the biggest shocking part. Binance for example is such a huge company with such a huge amount of income that if they were an USA company that pays taxes and regulated and so forth, things would have been a bit different of course but they would have been capable of buying huge huuuge companies under their brand starting with coinbase of course but keep growing internationally (they are still trying but it is hard to do it while trying to hide your HQ).

Long story short we are talking about crypto prices going up, and that is awesome, but we also have thousands of huge crypto related companies who are making millions of dollars, and total combined billions of dollars every year, that is a huge sector that people are ignoring, bitcoin can never die anymore because those companies would never let that happen.