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Cryptocurrency, led by Bitcoin have exploded to a near 2 trillion dollar market cap, but as the industry grows, the danger rises. Crypto is not just a risky investment, it is also a wealth redistribution mechanism that funnels capital from the poor, to the rich.
Crypto is misunderstood in one of the most dangerous ways possible, while functioning as an elitist and criminal safe haven of the worst kind.
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RESEARCH:
https://www.frontiersin.org/articles/10.3389/frai.2021.718450/full
https://archive.is/QCBl7#selection-833.0-833.233
https://www.piie.com/blogs/north-korea-witness-transformation/distribution-income-north-korea
https://blog.parsiq.net/distribution-of-wealth-in-cryptocurrencies/
https://arxiv.org/pdf/2002.11387.pdf
https://arxiv.org/pdf/2101.10699.pdf
https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=3195066
https://www.bloombergquint.com/onweb/tether-says-stablecoin-is-only-backed-74-by-cash-securities
https://www.indexmundi.com/facts/indicators/SI.POV.GINI/rankings
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#bitcoin #cryptocurrency #crypto
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