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With Bitcoin sitting just under $100k from virtually nothing in 2010, moving forward will we see a shift of Bitcoin ownership from plebs to the elites?
The Pareto principle says roughly 80% of the wealth is owned by 20% of the people, as the relative price of Bitcoin against the dollar increases, it becomes very difficult for OGs to hold if they want to buy something significant like a house, so if they sell, the elites have the advantage of being able to buy in at much higher price than the normal pleb.
And the elites won't let that go once they get their greedy hands on it.
This is a more general point because all you reading this will know what you hold.
The question of "the elites" is immaterial honestly. The point is its a wealth transfer from the illegitimate to the legitimate.
It honestly doesn't matter who gets the wealth because they can't debase it, therefore are forced to use it productively.
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Whoever owns Bitcoin is elite Those who don't are plebs
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