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How Bitcoin & Crypto Might Help Ease Wealth Inequality (Without Miracles)
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As bad as it already was, wealth inequality appears to be worsening. Whether we’re talking about disparities in income or wealth, the gap between the richest and poorest seems only to be widening over time, despite the ostensibly ‘well-intentioned’ efforts of governments to intervene on behalf of the disadvantaged.
Can Bitcoin (BTC) —and cryptocurrency in general — help with this? While critics would argue that the concentrated ownership of BTC makes it an unlikely savior of the poor, proponents of and participants in crypto would suggest that it has an important role to play in at least tipping the scales in a fairer direction.
Indeed, industry players speaking with Cryptonews.com argue that Bitcoin provides a number of benefits, from
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