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January 23, 2025
How Bitcoin’s Success May Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Declare
Bitcoin

How Bitcoin’s Success May Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Declare

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How Bitcoin's Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists ClaimBitcoin’s rise is enriching early adopters on the expense of society, in keeping with a paper by European Central Financial institution (ECB) economists. They argued that bitcoin’s speculative progress results in wealth redistribution, the place early buyers achieve whereas non-holders and latecomers are left poorer. Economists warn this dynamic may hurt societal stability, deepening inequality and threatening democracy […]

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