Topic: If bitcoin goes mainstream, the world's first trillionaires will be born. (Read 398 times)
November 14, 2017, 10:34:35 PM
There's possibility. Now bitcoin is mainly concentrated in the former miners, where the group will become the first wealthy people. And later buy bitcoin people, the profits will not be a lot, but also bear a high risk.
November 14, 2017, 10:33:22 PM
I think so. with the existence of bitcoin today, many people who have economic problems become helpful and can even make bitcoin holders become rich. I myself feel the benefits of bitcoin, because when I was working in the office, my economic income is only that much and no increase, but after knowing bitcoin slowly my financial economy is increasing every month
November 14, 2017, 10:22:21 PM
What do you think about this?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
I think bitcoin was able to somehow balance the gap between the rich and the poor since it has given a lot of poor people opportunities.
November 14, 2017, 10:07:46 PM
No actually the wealthiest billionaires and companies will see all of their fiat-based assets have their values crumble and they $ figures would become worth less over time, they wont be as rich anymore
This, those that store most of their wealth in fiat are going to be the biggest losers, there is going to be a big transference of wealth between those that hold paper assets and those that hold real assets, like real estate, gold and bitcoin, that day is not that far away since the economies of the world are not going to last that long with the huge debts they have. sr. member
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November 07, 2017, 10:51:19 PM
No actually the wealthiest billionaires and companies will see all of their fiat-based assets have their values crumble and they $ figures would become worth less over time, they wont be as rich anymore
November 07, 2017, 10:29:03 PM
What do you think about this?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Yeah... Probably not. A poor person wouldn't had invested into btc in the first place, why would he? For him his daily expenses are more important than some crypto, on the other hand a significantly rich person is always looking for some new investment ideas so its quite possible he would had invested in BTC. BTC will just make the rich more rich, and probably the middle class a little richer if some on them took the risk to invest. Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
November 07, 2017, 10:22:34 PM
There are currently people holding over 10000 Bitcoin by themselves, so it's possible. Currently they're multimillionaires, with coffers of over 70 million dollars. If Bitcoin became mainstream, it could rise up into the hundreds of thousands, making these people billionaires. The thing is that one Bitcoin would need to be many millions of dollars apiece. It's hard to believe, but possible.
I currently hold more than 5 BTC, so if Bitcoin even hit a million, I would be happy
I currently hold more than 5 BTC, so if Bitcoin even hit a million, I would be happy
November 07, 2017, 10:15:52 PM
you reap what you sow. bitcoin does not magically make you a "trillionaire" or whatever. if you work hard, invest in bitcoin and earn more of it and in short accumulate more of bitcoin to have a bigger share of the 21 million limited amount, then you can become rich.
but what most people do is that they invest a little, they don't accumulate and if they do, they sell it at the first sight of slightest drop. which means most of them will only make a little or even lose money.
but what most people do is that they invest a little, they don't accumulate and if they do, they sell it at the first sight of slightest drop. which means most of them will only make a little or even lose money.
November 07, 2017, 10:04:25 PM
I think it is. Because the first batch of bitcoins were rich, if they had been buying bitcoins for years. Now buying bitcoin, I think the risk is increasing, because the price has risen so much in the last month, so many people don't have the courage to buy.
November 07, 2017, 09:43:47 PM
What about BTC value explode to 2MM or more 😎
November 07, 2017, 09:19:56 PM
What do you think about this?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Bitcoin's current marketcap is 121 billion, if Bitcoin will increase in price ~100 times (actually less, because new mined coins are added to marketcap), the marketcap will be at 12.1 trillion. To be a trillionaire, you will have to own 1/12 of Bitcoin's total supply - this seems to be highly unrealistic, as of today the biggest rumored hodler - Satoshi himself, allegedly owns 1 million coins or 1/16.7 of Bitcoin's supply.
Also, very few people hold for many years - people were selling during all the previous rallies, so if Bitcoin increases in prices X times during some period of time, it doesn't mean that all users got richer by the same amount.
We need to have atleast 12 billion++ just to own 1/12 bitcoin and the price need to be ~100 times of the current price.
Well that's not impossible if you have tons of money like bill gates lol, but for me, just daydreaming.
November 07, 2017, 09:19:19 PM
Hopefully not, but Bitcoin is making the rich richer, sadly. 
As for being a trillionaire, it is still a far way to go, quite impossible to achieve since it would require a high price for Bitcoin, possibly 1 million, and the person to hold 1 million coins.
I have to agree that the wealth gap will be an issue, but to how far Bitcoin encourages it, I have no clue. For now it does not affect that much, but as it becomes mainstream like what you mentioned, it is definitely possible.
Bitcoin was not designed to help with that and in fact I think we could say that bitcoin is going to help to make the gap even larger, many rich people avoid paying taxes using all sorts of trickery what it is stopping a rich person to convert most of his wealth into bitcoin, not only he will get richer when the price goes up governments will be unable to confiscate his riches. As for being a trillionaire, it is still a far way to go, quite impossible to achieve since it would require a high price for Bitcoin, possibly 1 million, and the person to hold 1 million coins. I have to agree that the wealth gap will be an issue, but to how far Bitcoin encourages it, I have no clue. For now it does not affect that much, but as it becomes mainstream like what you mentioned, it is definitely possible.
November 07, 2017, 09:17:37 PM
I think it's because of the information that leads to the difference between the rich and the poor. There are plenty of channels for rich people to get information, and faster.
Definitely. Good point. The less fortunate people, especially in 3rd world countries, are likely to have no access to mobile devices, non-mobile devices, and to internet connection so it's definitely a lot less likely for them to come across bitcoin or cryptocurrencies in general. So yea, the middle class to upper class people has a huge advantage here.
November 07, 2017, 09:13:25 PM
What do you think about this?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Bitcoin's current marketcap is 121 billion, if Bitcoin will increase in price ~100 times (actually less, because new mined coins are added to marketcap), the marketcap will be at 12.1 trillion. To be a trillionaire, you will have to own 1/12 of Bitcoin's total supply - this seems to be highly unrealistic, as of today the biggest rumored hodler - Satoshi himself, allegedly owns 1 million coins or 1/16.7 of Bitcoin's supply.
Also, very few people hold for many years - people were selling during all the previous rallies, so if Bitcoin increases in prices X times during some period of time, it doesn't mean that all users got richer by the same amount.
November 07, 2017, 09:04:14 PM
I think it's because of the information that leads to the difference between the rich and the poor. There are plenty of channels for rich people to get information, and faster.
November 07, 2017, 08:42:45 PM
Hopefully not, but Bitcoin is making the rich richer, sadly. As for being a trillionaire, it is still a far way to go, quite impossible to achieve since it would require a high price for Bitcoin, possibly 1 million, and the person to hold 1 million coins.
I have to agree that the wealth gap will be an issue, but to how far Bitcoin encourages it, I have no clue. For now it does not affect that much, but as it becomes mainstream like what you mentioned, it is definitely possible.
As for being a trillionaire, it is still a far way to go, quite impossible to achieve since it would require a high price for Bitcoin, possibly 1 million, and the person to hold 1 million coins. I have to agree that the wealth gap will be an issue, but to how far Bitcoin encourages it, I have no clue. For now it does not affect that much, but as it becomes mainstream like what you mentioned, it is definitely possible.
November 07, 2017, 08:06:18 PM
What do you think about this?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
Will bitcoin lead to a new unfound and never-seen-before wealth gap between the rich and poor?
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