Disclaimer – I have the economics education of a child.
The world’s 8 richest people have as much wealth as the bottom half of the global population [source].
Wealthy people tend not to invest a good portion of their wealth, leaving about 30% in horded currency. [source]
Hypothetical: Let's say that in 20 years BTC becomes THE globally recognized currency. What will happen to the value of BTC and the global economy as a whole if a handful of very wealthy people horde a massive portion of the available BTC?
submitted by /u/Garland_Key
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