Bitcoin “Too Concentrated Among The Rich” To Solve Inequalities

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While we are expecting new implications in the curious narrative that Elon Musk is Satoshi Nakamoto, let’s go back to the current digital monetary arrangements, including Bitcoin’s.

In particular, the statements made by Senator E. Warren in the last few hours were making a chat, which stated that “The crypto-value industry says that this means the way to financial inclusion, but the truth is that We need real solutions to make the financial system work for everyone, not just for the rich.” In short, the Senator argues that the current distribution of cryptocurrencies, in the case of Bitcoin, is too concentrated among the rich to be a tool for the elimination of economic inequalities.

Warren has been particularly active in promoting instruments to regulate this sector in the United States in recent months, in defence of American investors. Moreover, the Senator argues that cryptocurrencies can pose a risk to small investors because of their volatile nature, as well as being susceptible to market manipulation by private individuals.

At the antipodes, however, President Bukele’s thought continues to support the Bitcoin race for El Salvador with the purchase of 21 other BTCs.

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