Inflation helps asset holders .. it wipes off the rest .. that is exactly why commodities ( wheat sugar etc) must be subsidized by Govs .. which is a vicious cycle ..cuz more you print , assets go further up .. and hence the wealth gap .. ultimately a civil war happens , all money is replaced with new form - assets are confiscated ..
Moral is - #selfcustody #bitcoin
Good thing there is an asset everyone can access even with very little money.
it responds very well to monetary inflation.
That is a whole other topic you opened up here .. every asset class a minimum threshold barrier and acquisitions cost .. like six percent is common in real estate and you will be luckey if you get a good location for less than a million .. which means most people are priced out ..
KYC is another barrier cuz you need to have paper work and must find time to visit a branch etc etc ..
Credit score is another barrier in asset acquisition..
Citizenship is one more .. and list goes on ..
#bitcoin is so amazing that you can literally buy 1000 sats for a dollar without KYC .. without credit score anywhere in the world ...
Only dumb humans have the capacity to ignore it for over fifteen years .. but what mai say ..I am just a small 🐘:-)
such a great point.
