Democratization of Wealth

Some Friday thoughts on Why Some Ppl Make So Much Money?? (and some thoughts on solving wealth inequality)...

1/ Crypto’s biggest potential impact to society is in sustainably distributing wealth, capital & ownership to a larger % of the world. This is also its biggest risk: crypto can exacerbate inequality if it is not made accessible to everyone—especially those who need it most.

Fun fact: Crypto inequality is *significantly worse* than traditional wealth inequality! The top 1% of Americans own 30.4% of total US Wealth. The top 1% of Crypto users own 80%+ of total Crypto Wealth. "Crypto makes us all owners" is a narrative being driven by crypto elites.