BITCOIN’S RICHEST COULD OWN A SIGNIFICANT PART OF GLOBAL WEALTH

in bitcoin •  7 years ago  (edited)

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WORLD’S RICH GETTING RICHER

Global wealth inequality had improved between 2000 and the financial crisis of 2007-2008 but the trend since has seen global wealth statistics shifting. The top 1% of individuals have gained a greater proportion of the world’s total wealth.
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BITCOIN WALLETS IN THE TOP 1%

This could mean 200,000 of the world’s wealthiest 1% made at least part of their wealth from Bitcoin. Given that the price of Bitcoin could rise significantly by 2030, creating more wealth and more Bitcoin millionaires, Bitcoin owners could be a significant statistic in the volume of individuals controlling two-thirds of the planet’s wealth.

The three biggest Bitcoin wallets contain over 99974 Bitcoins, even at today’s low Bitcoin price of $6772 the three wallets are worth between $677 billion and $1.26 billion USD each. In comparison, the world’s richest individual, Jeff Bezos, is currently valued at $112 billion USD.
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Read the whole article here: http://bitcoinist.com/bitcoin-rich-one-percent-global-wealth/

What are your thoughts on the unequal distribution of global wealth? Is it good, or bad, that Bitcoin might be contributing to this inequality?

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I told a banker friend of mine who I got into the crypto space to put all of his which is more than 2 into a safety deposit box in his bank (kinda ironic) and leave them there. They are going to 500k per coin

Yeah that’s pretty 😆..... I wonder what will happen if they decide that there bored with crypto currency?

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