How To - Transfer Wealth From The Poor to The Rich In Less Than a Decade

Bitcoin is currently trading at around $16,300 and it's getting closer and closer to its previous ATH. Peak from where it felt to as low as $3,000 during the past bear market. Now it's getting back to challenge the $20,000 level and imo, whether this year or the next one, it will blast through it like a mad bull. There's not much hype on TV and mainstream media yet related to BTC.

We're still early in this market, there's still time to jump on the BTC train, but it will not go up for like forever. The first time it got traded on an exchange, if I remember correctly it was trading for $0.06 and at that time almost anyone could mine BTC and get about 50 coins every 10 minutes. Unfortunately not anyone heard about it back in 2009-2010, nor got to see any value in it.

Now it's a close to $20k assets and it's a one of a kind, but not anyone can still get 50 coins every ten minutes, unless you buy them. It opened up a new type of assets, a new internet world and currency one could say, and made the first crypto millionaires and billionaires back in 2017. It's simply revolutionizing what BTC has done and keeps on doing and don't want to get you bored with too much chit chat.

I stumbled uppon the following chart on @ecoinometrics on twitter and according to their analogy with previous halving cycles we should see a $387,000 BTC by May, 12, 2021. Over a quarter of a million for an asset that is just a decade old... That is something.

image source

I don't know how exact the date for the future peak of BTC is, but from what I've seen on some other charts, created by way more experienced crypto people than I am one of them being Plan B on twitter with his S2F model, the future ATH for Bitcoin will be nailed in history sometimes between the month of May and November. I guess nobody knows that for sure, but imagine holding one BTC when, and if it will reach $380,000. That's a lot of money, and now imagine having hundreds of them on a laptop that you threw away, or paid pizza with 5000 BTC when it was just cents to show off. By the way, wise and truly rich people don't show off.

However, whether we like it or not, BTC is gradually becoming the currency of the rich and long passed are the days when cyber punks were mining it, blogging about it and making considerable amounts of cash by selling their bags full of bitcoins. Think for a second, even if you have bought it at $5,000 this spring and sell it at $40,000 you're still left out of the richie rich's train because if it will get close to $400,000, how much will it correct so you'll be able to pick one whole bitcoin back up again... Some say that after every halving these corrections won't even be that aggressive anymore compared with previous ones, as the mining costs keep up the pace with the price, or vice versa.

Moreover, there are high chances that most of the cash you get from one BTC will be spent because it's easy money, and the mentality of the average Joe is to spend quickly those easy money, as if they weren't money like any other penny previously earned. Just to be clear, by you I am not actually pointing at you guys reading the post, but rather to that average Joe.

The past and current times are living proof that BTC is gradually becoming a rich men's asset/currency and it's actually being taken from the hands of the poor, as in the case of most values on this planet, and handed to the fat ass rich. There were times when $1,000 would buy you a few bitcoins, not just one, and there will come times when that same grand will buy you a hand full of satoshis. BTC is becoming a store of value as we speak and unfortunately is being gradually transferred from the rich to the poor, just as we celebrate it getting close to $20,000.

Many will sell during the future crazy bull runs, supply will shrink over the years for sure, price will keep on going up and before you know it there won't be any bitcoins for the poor, not even middle class, because it will be that damn expensive. It's not all that doom and gloom though as the crypto world grows and makes possible for an honest buck for everyone. With a bit of English in your pocket, patience and dedication, and some crypto knowledge, tons of opportunities are opening for the open for the new internet money makers. You can blog, earn, stake, earn interest and make a living out of crypto. Maybe not just yet, but you will, have patience and don't sell too soon.

Thanks for attention,
Adrian

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You nailed it! its not only BTC, but any token that becomes a success, will create a few gazzillionairs, those who got the tokens for almost nothing at day one... Maybe many of them are already the BTC gazzillionairs, so its easy for them to spend a few 10k$ buying whatever token when it is launched. Whichever token gets big, those investors will be super rich. Along the way many will step in and out trying to take a little piece, but thats just little. The pyramid of wealth distribution which we have in the fiat world, is happening in the crypto world as well, with the top being smaller and the bottom being much wider: kinda like two pyramids on top of each other.

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