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: https://news.bitcoin.com/how-bitcoins-success-could-be-fueling-poverty-for-latecomers-and-non-holders-ecb-economists-claim/
