Satsdaddy on Nostr: Being wealthy is a good thing in a bitcoin standard. ...

Being wealthy is a good thing in a bitcoin standard.

quoting nevent1q…sp5g

I had the thought last night that since Bitcoin's returns are going to be higher than anything else on earth, if the wealthy want to grow their wealth the fastest they just need to HODL and that's it.

Bitcoin absorbs the wealth of the 1% and prevents them from spending most of it because they don't want to lose the massive growth that Bitcoin offers.

Reducing their undeserved influence on the real world.

If they do spend their money then it's okay too, because it boosts the economies of wherever they spend. Spending Bitcoin it like seeding exponentially growing money trees in the budget of the recipient.

The wealthy may actually become sources of good in the world on a Bitcoin standard.