Will bitcoin change the distribution of wealth in the world?

[tdtduy]

Actually Bitcoin is a digital coin that holds a special place in the Cryptocurrency market. And in the future, when developing e-commerce, Bitcoin will play a key role. But Bitcoin is just another asset. Bitcoin can give the owner a high-value asset, but Bitcoin can not manipulate the power of billionaires in the world.
Bitcoin can not redistribute wealth in this world.

[Shutup]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

I don't know will bitcoin will change the distribution of wealth to all the world. But l feel bitcoin will be powerful in the future. Because bitcoin has a big income. It can multiply 10x your income or deposit.Many are interested in bitcoin because of its volatile value. Many rich people are attracted to bitcoin because bitcoin has the best profit in you can follow the procedure of bitcoin.

[Damn3d]

I dont think so, because the whales exist... So there is again people who are wealthy and pople who are poor (even having some money)

[PSL]

There are crypto-currency millionaires and billionaires just now. But the" old " billionaires and institutional investors have not yet fully entered the cryptocurrency market. When this happens, the capitalization of the entire market will grow significantly!

[yanlap]

I dont know if bitcoin will change the distribution of wealth in the world. All i can say is bitcoin may help some to earn more and to lift up their economic status individually. But still it depends on the motivation and effort the bitcoin member will put into to earn more. It also depends on their strategy.

Has gold changed the distribution of wealth in the world? If mean what is the link between an asset and its distribution. i don’t see any connection in between because this is a common sense thing that only a man with knowledge or money can buy bitcoin so how bitcoin is supposed to get into the pockets of those who don’t belong to any of the previously mentioned types. It has provided job opportunities to jobless people. What more should it do?

[nowlscor18]

I dont know, and bitcoin can not do it because wealth has already been distributed, only because bitcoin exists doesnt mean that it can make rich everybody, or that a lot of people can be wealth after it pumps to $100k.
And this has already been asked so many times, i am starting to get tired of those kind of threads that are only for spamming purposes.
But no, nobody knows what is going to happen, just try to predict it, it is impossible.

Well, yes, we can't say that everybody can be rich and all through bitcoin. What if other people doesn't engage with this? They can't be wealthy if they don't exert effort, share ideas, and communicate with us.
It is possible that maybe someday people around the world will taste the fruit and the output of our hardwork if they will just  exercise practicality.

[Chicksteen]

I thin it will because bitcoin allowed normal people to invest in big companies. People were able to gain profit through bitcoin. Bitcoin opened a lot of opportunities to people to change their financial status in a good way.

Bitcoin has the power to change the distribution of wealth in the world. As bitcoin network has brought a revolutionary change in the financial industry and has digitalized the world giving a source of income to the people working in the bitcoin network and the price of bitcoins keeps on increasing due to the increase in the demand of bitcoins and making it more expensive than any other asset or precious metal as there is only limited number of bitcoins and the demand keeps on the increasing. Bitcoins has helped to avoid unemployment issues and poverty as it provide source of income to the users by doing freelance jobs and by providing products and services in exchange of bitcoins

[Blue Bell]

It doesn't change anything. The world's 80 percent wealth is in the hands of 20 percent.

Bitcoin is simply a tool that requires people to operate in the right way.

In bitcoin, this ratio is even greater. Yes, it's not entirely fair, but it's reality. In the crypto-currencies there is no communism, there is no equality.

There is equality but only in case of using bitcoin, as everyone is equally able to use bitcoin there will be no restrictions about it, but in case of earning money there will be difference only because some people use to invest high some low, so it is will make profit accordingly but if we talk about chance of earning then bitcoin is good with all at the same time, poor us bitcoin to earn money while rich people use to save their earning. So bitcoin is beneficial for everyone at the same time.

[19Nov16]

Bitcoin holds enormous potential to make a lot of people rich and prosperous, if bitcoin prices can reach at least $ 100,000 then it can be ascertained that the world's 10 richest people are from bitcoin.

[bowals]

It will cause a redistribution of wealth to the earlier traders. It can also unfair distribution of wealth especially in countries where bitcoin isn't known

[djkyno]

Bitcoin and crypto currencies generally are helping to create many wealthy people around the world daily almost. But I dont think that it is going to change the distribution of wealth worldwide, because the crypto community is still very slow compared to the whole population.

[JPage]

Yes such change is likely to happen and countries should pay attention and be aware, maybe even work out some strategies.

[streazight]

The potentials of bitcoin cannot be underestimated and who knows maybe it can give the equal distribution of wealth around the globe. Maybe this could be one of the reasons why most great nations are trying to ban cryptocurrency. Maybe they think equal wealth distribution will not be good for their economies or less powerful nations will become powerful.

It is up to the adoption of Bitcoin, if a country adopts Bitcoin then its success and boosting of economical condition is guaranteed if the guiding principles apply. The Bitcoin on different stages acts as a relevant source and people give first priority to this currency as it is responsive to them because it saves you transaction costs and also it is a rapid and easy system.

[gambitcoin53]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

this would be scary for the million users of bitcoin, if that will be the case, the millionaires in bitcoin will jump in their seats and run in the streets, this would be so unfair not only to the rich but also to the small time users, it cannot be well distributed and fairly divided because the wealth per user is not balanced. how did you get this idea? this will make users think twice in investing. we all know that the system of bitcoin is anonymous, how can the system know how much of your wealth should be distributed and to whom it be distributed, pretty scary idea.

[HPQ.IO]

No, it will not.

But it gives people from all over the world more opportunities.

[hualangktsld841]

Bitcoin can certainly change the redistribution of wealth in the world. We all know that in the present world wealth is combined with power, resources and social relations, and it is time to make some changes to big companies of greedy large consortia, banking and monopoly industries.

[Mia Wallace]

 Bitcoin is not intend to make a change in the distribution of wealth in the world, but the originators intention is to provide a suitable strong coin to the world community for spending. Most of the people are attracted to it because of its certain positive features suitable to their daily business requirements.First they realized that bitcoin is a new form of economy which is suitable to meet the current economical crises. The bitcoin theory is just contrary to the present financial concepts which we follow world wide,So they are attracted to utilize  due to its credibility

[ficihch]

It might happen. If Bitcoin already become a dominant new economyc system. If the world community already accept bitcoin as dominant currency as currency exchange in trade & business in the world. I am sure that it will happen

[Froloff92]

I don't figure it would uniformly disperse the riches in this world in light of the fact that there are still individuals who are not adherents of bitcoin and would want to do conventional venture instead of interest in advanced world like cryptographic money.

[onurgozupek]

Most probably it already changed it. The number of young millionaires increased suddenly in 2017 during the big rally ($1k to $20k) Investment companies are getting involved in crypto currencies and it makes more and more people are investing on cryptos.