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A new report from economists at the European Central Bank (ECB) is warning that people who wait too long to invest in Bitcoin could miss out—and even lose money in the long run. Crypto sceptics Ulrich Bindseil and Jürgen Schaaf argue that as Bitcoin prices keep rising, the wealth gap between early adopters and non-investors will grow.
Early Investors Win, Latecomers Lose
The paper explains that Bitcoin’s rising value benefits those who got in early but doesn’t help the overall economy. This means people who didn’t invest in Bitcoin or are late to the party might actually lose out financially as wealth shifts to early investors.
Bitcoin: An Investment, Not a Payment Solution
Even though Bitcoin was originally seen as a way to change how we make payments, it’s now mostly used as an investment. The ECB economists argue that this focus on investment and rising prices could lead to serious wealth inequality. They suggest that those who haven’t invested in Bitcoin should push for regulations to stop its price from climbing too high.
In a nutshell it’s like someone saying those who do not own a boat, should push for regulation to prevent boats prices from going up.
