How Bitcoin is creating a new global elite.

[CTO114]

We've become accustomed to wealth being concentrated in ports, banks, oil or industrial centres. Thanks to Bitcoin we're seeing a change to that norm.

Now a random teenager in nations like Vietnam, Argentina and Lebanon can access the same monetary asset as wall street.

For about the first time, what we're witnessing is, financial inclusion not based on permission from local institutions. A borderless asset weakens the monopoly of financial dominant regions.

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

[Mahiyammahi]

The Bitcoin may give access to anyone purchase, Owning the same assets as the billionaires are holding but isn't it just a currency? Although people are owning the same asset but the knowledge, conviction and time remain totally uneaven distributed. That's why Bitcoin would still for majority for smart people who did adapt with the flow of time and they did have everything they dreamt of , maybe not dt possible

[Sammysmart001]

Bitcoin has really break border. Back then your country determine the amount of money u can hold. But now a teen with a phone can hold source asset as a Wall Street. But the access didn’t mean automatic benefit, this real edge goes to those who can survive volatility and understand how it works. So this create total fairness not a total equality.

My  question Are we replacing old elite with a new digital one or we are moving to a level ground ?

[Floxynice]

We've become accustomed to wealth being concentrated in ports, banks, oil or industrial centres. Thanks to Bitcoin we're seeing a change to that norm.

Now a random teenager in nations like Vietnam, Argentina and Lebanon can access the same monetary asset as wall street.

For about the first time, what we're witnessing is, financial inclusion not based on permission from local institutions. A borderless asset weakens the monopoly of financial dominant regions.

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

Bitcoin is open to all and can be accessed by everyone irrespective of age, race, sex, or nationality. The most beautiful part is that it has given individuals the opportunity to have access to a global asset without many barriers. However, everyone should be careful to understand that easy and free access to Bitcoin does not mean instant wealth and financial freedom for all those who can access it.

Bitcoin does not provide financial equality. Your chances of being successful with Bitcoin still depend on how well you understand it, your income level, risk tolerance, and your ability to pursue Bitcoin for the long term.

[memehunter]

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

Don't under estimate the power of traditional centralized financial banking system. It can incorporate as well instead of repressing any novelty which can be harmful for it.
Bitcoin is in existence since so many years and it seems the traditional system is still has its hold and not only that even using btc to gain more wealth for few individuals 

[Shadiq]

To own Bitcoin, you need some qualifications, which are the ability to operate a smart device, knowledge about Bitcoin, trust in Bitcoin, and having the money to buy Bitcoin. Although everyone has the freedom to own Bitcoin, the ability to own Bitcoin is still limited to a certain class of people. A child is not qualified to own and transact Bitcoin, just like most adults are not qualified to own and transact Bitcoin. The reason for this is lack of knowledge or lack of money or lack of trust or lagging behind in technology.

[PrivacyG]

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

The redistribution thing is some thing of the past.  Yes we do have a few more Billionaires and many more Millionaires out of Bitcoin alone but look where the Wealth is being redistributed.  Look at Saylor.  Look at The United States.  A lot of Bitcoin changed hands from average people like you say to particularly those older global elites.

There is nothing new.  They know how to manipulate and take advantage of most of us.  They will, because it brings them more Wealth.  And other than a few more Wealthy individuals, the same people who were in oil, precious metals, real estate et cetera are going to make a crap load of money out of Bitcoin too while average people will buy high and sell low.

[ingiltere]

That's not exactly the case. Bitcoin has created new millionaires, but compared to the traditional wealthy, this new money represents a very limited group. How many people actually bought or mined Bitcoin early on and held onto it all the way to these insane prices?

Most Bitcoins have already changed hands. Most early adopters have sold their coins. Control of Bitcoin remains in the hands of the elite. There aren't that many people who bought at a few dollars and could hold on all the way to these levels. The system hasn't changed, it simply created an opportunity for those who had early access to information, that's it.

[Cryptohygenic]

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

Asking this question is like the possibilities of bitcoin with its potentials is still on the Test Running or experimental level. Of course the financial technology has proven its reality and since 2009 it was introduced, it has also taken the global monetary system to the dimension that has not been invoke according to its potential values and technological innovations.
We have also come to see how far the governments had sighted it as threat to the traditional monetarists due to its decentralization and discouraged the masses to stay off it but today's same governments after seeing its worth is encouraging the masses through the friendly of the crypto regulations.
We have also come to whiteness lot of the critics coming back to take positions of owning portfolio of the bitcoin.
How convenience and productive is the bitcoin currency that we even now have the alt coins. That proves how the digital financial technology is taking over the globe with its financial inclusion potentiality.

[Darker45]

The reality is that Bitcoin might not be able to offer a solution to the problem of wealth concentration. In the first place, I don't think Bitcoin was created for the sake of redistribution. Bitcoin doesn't discriminate.

Bitcoin is great to those who have been marginalized by the current financial and banking systems. However, everybody has access to Bitcoin, rich and poor alike. Those who have the wealth can have more of it than those who can only afford to stack small amounts of Sats.

[Alpen]

We've become accustomed to wealth being concentrated in ports, banks, oil or industrial centres. Thanks to Bitcoin we're seeing a change to that norm.

Now a random teenager in nations like Vietnam, Argentina and Lebanon can access the same monetary asset as wall street.

For about the first time, what we're witnessing is, financial inclusion not based on permission from local institutions. A borderless asset weakens the monopoly of financial dominant regions.

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

A teenager from Vietnam, or most citizens in developing nations for that matter, is far more likely to fall victim to a crypto scam than to ever become a Bitcoin millionaire. That is just what the well-known statistics show.

However, the rise of cryptocurrency has certainly minted new billionaires—specifically exchange founders and project developers. A good number of them have already received prison sentences, and some have even finished serving their time.

So, let's look at the bigger picture. Has Bitcoin actually made the world a better place?

I immediately think of the energy crises in developing countries, massive frauds, and North Korean hackers who have stolen enough funds to directly finance their nuclear missile programs.

The icing on the cake is Donald Trump’s return to power, heavily backed by the pockets of crypto magnates. And I won’t even bring up his family's own crypto ventures.

[CryptoYar]

It is changing entire way of thinking with respect to money and economic power. For decades, people geographical locations determined their entire financial luck, and billions of people were kept out from traditional banking system. What in my opinion is the most freeing thing to happen to global finance, is the breaking down of those fake boundaries with free network. I think the true brilliance is that system could not care about your passport or your local politics or anything else, it treats each computer in its entirety equally. Old institutions are getting the shock of their lives as Wall Street is no longer the only provider of the world most solid asset. We are certainly at the very start of huge, unstoppable state of wealth sharing.

[m2017]

We've become accustomed to wealth being concentrated in ports, banks, oil or industrial centres. Thanks to Bitcoin we're seeing a change to that norm.

Aren't you exaggerating?

Now a random teenager in nations like Vietnam, Argentina and Lebanon can access the same monetary asset as wall street.

Especially here. These monetary assets, like on Wall Street, aren't just lying around in the open, where you can just come and take them. To get them, you have to put in the effort. And I think you're exaggerating the role of bitcoin, because the internet offers truly amazing opportunities, thanks to which anyone, anywhere in the world, using their diligence, skills, and abilities, can gain access to financial assets (and earn money), even to bitcoin.

For about the first time, what we're witnessing is, financial inclusion not based on permission from local institutions. A borderless asset weakens the monopoly of financial dominant regions.

For the first time (via the Internet), we see creative accessibility (the opportunity to realize oneself) that is independent of the local employer.

Are we set to see one of the most disruptive redistributions of financial opportunity in modern history?

Resources have always undergone a process of redistribution. Perhaps Strategy and Blackrock will become very influential in the future due to the resources (bitcoin) they've accumulated. But don't you think that today, every teenager using bitcoin can achieve the same level of influence and financial resources as a major banker? Again, you're exaggerating. This was possible in the early stages of bitcoin, but not anymore.