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RE: How the Rich View Crypto

in #bitcoin7 years ago

That is the advantage the wealthy have. They can take 1%, which is a usually a pretty big number, and invest it in something as a spec play. The average person, even if they did this, would be putting $500 maybe into it. Now $500 in the right crypto can make a fortune yet the odds are stacked on picking the right one. Of course, $500 in crypto can yield a huge return and turn into $5000 or even $10000 yet that isnt really life changing money.

The rich get richer for a reason...they have a larger stack of money to start with. That said, from what I can see, crypto is the one area where the average person can close the gap. Tremendous wealth was already generated in the sector with more to follow.

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Absolutely. Crypto is creating a new era of wealth. It's a special time!

I agree @bitbaron

This is the internet circa 1995...still a good 4-5 years before things really are in full force with the technology.

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