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Author Topic: Political aspects of cryptocurrencies  (Read 176 times)
Odogwu-Blockchain
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September 07, 2025, 06:37:51 PM
 #21

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.


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September 07, 2025, 06:45:00 PM
 #22

The poor who invest in Bitcoin are still not enough to get rich, their economy would improve, but they will step up to middle class. Then back to your first sentence, middle class will disappear, so they ended up become poor again because they not own the business nor system.

Getting rich is very hard, what we see on social medias are mostly upper middle class who could back to poor if they make mistake in financial decision.
Poor people can rise to the middle class in the long run through Bitcoin investments. Many will return to poverty, as they won't have sustainable income. I agree, but some can remain middle class or even become richer. Anything can happen, depending on how an individual seizes opportunities. There's no better option than accumulating Bitcoin and financially transitioning into the middle class than remaining poor.


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