What happens if 25{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} of BTC is horded by a handful of people?

Ticker

1 BTC = $51641.26 USD  (via Coinbase)
1 ETH = $1606.05 USD  (via Coinbase)
1 LTC = $193.44 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

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{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} 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
[link] [comments]

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $51641.26 USD  (via Coinbase)
1 ETH = $1606.05 USD  (via Coinbase)
1 LTC = $193.44 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Leave a Reply