I do not think that Bitcoin can end poverty, but I do think that if the government or institution take advantage of the opportunity Bitcoin brings can at least improve the socio-economic status of its people. Bitcoin cannot end poverty but with the good planning of the government, it can open many opportunities to people.
I agree with you and I want to add that bitcoin is a long-term investment, so being a long-term investment, we are talking about that at least the person should hold it for 4 years so that there are no losses, because historically the price of bitcoin for more If it drops a lot in certain years, it still manages to recover in 4 years. So a poor person would need to have the following conditions:
1 - He would need to have money to invest in bitcoin, and when we talk about money to invest in bitcoin, this poor person would need to have a decent amount of money, something like $500 at least, it turns out that poverty in first world countries is very different from being poor in third world countries, where $500 is a large amount. The minimum wage in my country, for example, is $250. so a poor person would have to work hard to get $500 if they don't have a job
If a person doesn't have the money but have the skills and the knowledge, he can acquire Bitcoin by looking for a job that pays in Bitcoin. He can do freelancing that pays in Bitcoin as a side job aside from his full time job. This way he can accumulate Bitcoin with his time and effort and not with his money.
2 - He would need to have a lot of patience, and when we talk about patience, I'm talking about putting the money in bitcoin and waiting for 4 years without using it, it happens that a poor person wants an immediate solution to change their life, they won't wait 4 years . That's why if someone gives her $500 she won't invest in bitcoin, she'll invest in something else that could generate a profit quickly. maybe after she finds a business that makes a profit she could start buying bitcoin
True that, at the current situation, Bitcoin price increment is not as high as it was in its early years. To have a significant profit that can change life, one needs a huge amount of investment. A hundred or a thousand dollar investment won't make anyone rich nor have a life-changing effect. If one wants a significant profit from his Bitcoin investment, he needs more than two cycle which can take more than 8 years of waiting which most poor households can't afford.