I came across a
recent post on the forum, where the op was on a motion that Bitcoin was designed exclusively for the "rich". While it’s true you need money to acquire it, this perspective completely misses the point of what Bitcoin truly is.
Bitcoin is a technology built on the idea of freedom for the people. That's literally democracy. A system, which the government has no power over. Everyone is equal. Its very foundation is open source and free for anyone to use. The source code is publicly available, wallets are free, and a global community of developers works tirelessly to maintain the network without receiving any rewards. They do it for the love of the technology and its potential to create a more equitable financial system.
So how can something built on such open principles only meant to favor the rich? The difference isn't even about wealth, but about mindset. specifically, the willingness to take a risk.
A poor person or someone with limited income might see the volatility of Bitcoin and think,
"If I invest in this, I don't know if it'll work out. I can't afford to lose my money." This is a valid fear. someone with more capital might see the same volatility and think, "
This is a calculated risk with a potentially high reward." let's give it a try.
Think back to Bitcoin's early days when it was worth just pennies. If a poor folk and a rich folk had both invested at the same time, who do you think would have held on until now? Bitcoin offers a path to financial inclusion for everyone. It doesn't discriminate based on your bank account balance. Its true power lies in its accessibility and the opportunity it provides for anyone, rich or poor, to participate in a decentralized financial system.
If I say Bitcoin is for the rich, then it will not be called bad, because in this world, whoever has a lot of money, whoever has no shortage of money, can invest in Bitcoin, he can hold Bitcoin for a long time because he has enough money to meet his needs. And whoever has a lot of money, he can invest his Bitcoin for a long time and make his investment successful. But whoever does not have money, he has to spend very hard days. In short, it is very difficult for someone who earns and eats from day to day, to invest in Bitcoin, because whoever does not have money, he has to spend his daily money on his family, they have no money left. They cannot buy Bitcoin and hold it for a long time and if they want to hold it, then maybe the market fluctuations can make this poor investor regret it. Meanwhile, the needs of the poor keep people away from investing. If we speak logically, this is where the matter comes to a head, but we have to accept that Bitcoin is for everyone, because both the richest person and the poorest person can buy and own Bitcoin.
