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Theory: crypto billionaires will not lose their money

10 April 2018 21:00, UTC

Cryptocurrency billionaires are members of the richest 1% which control half of the world’s wealth, notes the media citing the recent sensational report of Credit Suisse. Journalists also provide the words from the recent United Kingdom parliamentary research on the same topic as additional proof:

“The wealthy also invested a large amount of equity in businesses, stocks and other financial assets, which have handed them disproportionate benefits.”

Bitcoin and other digital currencies are very famous for providing disproportionate benefits, although the shares of other wealthy businesses cannot be underestimated too.

Taking into account these two sources, journalists speculate that cryptocurrency billionaires would not only secure their current wealth in the future, but they will even make it bigger by 2030, as Bitcoin has already demonstrated its serious long-term growth ability. Another reason to think that crypto billionaires and millionaires make a considerable part of the world’s wealthiest people is the estimation made by BitInfoCharts. The organization thinks that their quantity may vary from 20,000 to 200,000.

Image courtesy of 123RF