Title: How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim
Post by: Bitcoin on Oct 21, 2024, 05:17 am
Post by: Bitcoin on Oct 21, 2024, 05:17 am
How Bitcoin's Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim
Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]
Source: How Bitcoin's Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim (https://news.bitcoin.com/how-bitcoins-success-could-be-fueling-poverty-for-latecomers-and-non-holders-ecb-economists-claim/)
Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]Source: How Bitcoin's Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim (https://news.bitcoin.com/how-bitcoins-success-could-be-fueling-poverty-for-latecomers-and-non-holders-ecb-economists-claim/)