What happens if 25{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} of BTC is horded by a handful of people?

Ticker

1 BTC = $42682.53 USD  (via Coinbase)
1 ETH = $2919.61 USD  (via Coinbase)
1 LTC = $151.03 USD  (via Coinbase)
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Disclaimer – I have the economics education of a child.

The world’s 8 richest people have as much wealth as the bottom half of the global population [source].

Wealthy people tend not to invest a good portion of their wealth, leaving about 30{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} in horded currency. [source]

Hypothetical: Let's say that in 20 years BTC becomes THE globally recognized currency. What will happen to the value of BTC and the global economy as a whole if a handful of very wealthy people horde a massive portion of the available BTC?

submitted by /u/Garland_Key
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $42682.53 USD  (via Coinbase)
1 ETH = $2919.61 USD  (via Coinbase)
1 LTC = $151.03 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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