The forum is slow today, so I thought I'd share a thought that hit me yesterday.
"I don't want to make early adopters rich."
I've heard this said in person and I've read it in reader comments on MSM articles. But is doesn't actually make sense. The benefit to early adopters moving forward in time is exactly the same as to adopters who choose to buy today. Early adopters may already be rich, but if that's true then it's already happened. As of right now, it is just as risky to continue to hold, as it is to choose to buy.
Consider this: Alice and Bob each have $1,000,000 in financial assets. Alice is an early adopter of bitcoin and holds half her wealth in BTC. Bob just learned about bitcoin today, and holds 100% of his wealth in US treasuries and stocks. The risk Bob takes by moving $500,00 into BTC simply puts him at the same risk level as Alice moving forward in time. The fact that Alice's bitcoins performed well in the past has no bearing on portfolio allocation moving forward. Alice choosing to continue to hold $500,000 in bitcoin is just as risky as Bob deciding to buy $500,000 of BTC.
The public cannot make early adopters un-rich by not investing in bitcoin. And by investing in bitcoin, the public makes early and current investors rich to the exact same degree from this point in time moving forward.
