Bitcoin's Speculative Growth Could Fuel Poverty for Latecomers, Warns ECB Economists
European Central Bank economists warn that Bitcoin’s rise is benefiting early adopters while harming society. The speculative growth of the cryptocurrency leads to wealth redistribution, with early investors getting richer while non-holders and latecomers suffer. This dynamic could deepen inequality, threaten democracy, and destabilize society. The economists caution against the negative impact of Bitcoin’s rise … Read more
